Australian baby boomers are more active than other demographic segments when it comes to accessing their superannuation accounts online a survey conducted by National Australia Bank's wealth division MLC has shown.
Around 25 per cent of MLC's superannuation clients between 60 and 79 years old log into their online account at least once during a six-month period, the survey found.
By comparison, less than 10 per cent of clients aged between 20 and 49 years old check their super accounts online.
MLC MasterKey general manager Dean Thomas said although baby boomers and retirees have lower overall internet usage, they're far more likely to access their superannuation accounts online than other age brackets.
"This is reflective of the high level of engagement they have with their retirement funds, which is unsurprising given sustained market volatility and the likelihood many are near retirement or are already retired," Thomas said.
He said that becoming familiar with superannuation accounts online would help better engage and manage your retirement savings for the future.
"People who don't start thinking about superannuation until they reach the pre-retirement phase often find it's too late to bolster how much money they have to retire on," Thomas said.
MLC said online usage from advisers is also on the rise.
The wealth management firm experienced a 24 per cent year-on-year increase in the number of online applications being made by advisers for their customers, the company said.
