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  • Mar, 2015

    Attention paid to retirement arrangements

    Q. In general, how much attention do you pay to arrangements for your retirement income, such as your superannuation returns and fees, wealth management and other forms of long-term savings?

      Total   Men Women Aged

    18-34

    Aged

    35-54

    Aged 55+   Mar 2014 Jul 2014
    A lot of attention 16% 19% 13% 9% 13% 31% 21% 15%
    Some attention 38% 40% 35% 37% 39% 35% 35% 33%
    Not much attention 26% 22% 29% 29% 32% 12% 27% 29%
    None at all 16% 16% 17% 19% 12% 19% 15% 16%
    Don’t know 4% 4% 5% 6% 4% 3% 3% 7%

    16% say they pay a lot of attention to arrangements for retirement income and a further 38% say they pay some attention. 42% pay no or not much attention. This indicates a little more attention being paid to retirement income that when this question was asked in July.

    Interest in retirement income increases with age – 31% of those aged 55+ are paying a lot of attention compared to just 9% of those aged 18-34.

    Those on higher incomes also pay more attention to their retirement income – 62% of those earning $1,600+ pw are paying a lot or some attention compared to 36% of those earning under $600 pw.

  • Jul, 2014

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    Attention paid to retirement arrangements

    Q. In general, how much attention do you pay to arrangements for your retirement income, such as your superannuation returns and fees, wealth management and other forms of long-term savings? 

     

    Total

     

    Men

    Women

    Aged

    18-34

    Aged

    35-54

    Aged 55+

     

    Mar 14

    A lot of attention

    15%

    14%

    15%

    4%

    12%

    31%

    21%

    Some attention

    33%

    36%

    31%

    28%

    37%

    35%

    35%

    Not much attention

    29%

    29%

    29%

    39%

    30%

    14%

    27%

    None at all

    16%

    14%

    19%

    20%

    13%

    16%

    15%

    Don’t know

    7%

    7%

    7%

    9%

    8%

    3%

    3%

    15% say they pay a lot of attention to arrangements for retirement income and a further 33% say they pay some attention. 45% pay no or not much attention.  This indicates somewhat less attention being paid to retirement income that when this question was asked in March.

    Interest in retirement income increases with age – 31% of those aged 55+ are paying a lot of attention compared to just 4% of those aged 18-34.

    Those on higher incomes also pay more attention to their retirement income – 54% of those earning $1,600+ pw are paying a lot or some attention compared to 42% of those earning under $600 pw.

  • Mar, 2014

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    Attention paid to retirement arrangements

    Q. In general, how much attention do you pay to arrangements for your retirement income, such as your superannuation returns and fees, wealth management and other forms of long-term savings?

     

    Total

     

    Aged

    18-34

    Aged

    35-54

    Aged 55+

    A lot of attention

    21%

    8%

    20%

    37%

    Some attention

    35%

    30%

    42%

    29%

    Not much attention

    27%

    35%

    27%

    15%

    None at all

    15%

    21%

    8%

    16%

    Don’t know

    3%

    5%

    2%

    2%

    21% say they pay a lot of attention to arrangements for your retirement income and a further 35% say they pay some attention. 42% pay no or not much attention.

    Interest in retirement income increases with age – 37% of those aged 55+ are paying a lot of attention compered to just 8% of those aged 18-34.

    61% of men pay a lot/some attention compared to 51% of women.

    Those on higher incomes also pay more attention to their retirement income – 63% of those earning $1,600+ pw are paying a lot or some attention compared to 39% of those earning under $600 pw.

  • Apr, 2013

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    Value of superannuation

    Q. Which of the following statements is closest to your view?

     

    Total

    Vote ALP

    Vote Lib

    Vote Greens

    Men

    Women

    Aged 18-34

    Aged 35-54

    Aged 55+

    Contributing to superannuation is the best way to prepare for retirement

    51%

    53%

    49%

    63%

    53%

    49%

    46%

    48%

    62%

    There are better ways to prepare for retirement such as investing and buying property

    34%

    34%

    37%

    24%

    35%

    33%

    38%

    37%

    23%

    Don’t know

    15%

    13%

    14%

    13%

    12%

    18%

    16%

    15%

    15%

     

    51% agreed that contributing to superannuation is the best way to prepare for retirement and 34% agreed that there are better ways to prepare for retirement.

    Highest support for contributing to super came from Greens voters (63%), aged 55+ (62%) and incomes $1,000-1,600 pw (59%).

  • Jun, 2012

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    Can simplifying super make it stronger?


    Matt Linden believes the Government’s latest changes will make super simpler, accessible and more relevant for those who’ve taken their eye off the ball.

    How much do you know about your super fund? Who is responsible for looking after your savings? Where and how is your money invested? Who runs the fund?

    If you don’t know the answer to many of these questions, you’re not alone. While super is now the biggest asset after the family home, few take an active interest in how it is managed. Because super is compulsory and locked away until retirement, most of us assume it will be there when we need it and focus our financial attention on the here and now.

    But Industry Super Network’s Matt Linden tells 3Q the Government’s new measures will make it easier for members to access and understand information about their account.

  • Jun, 2012

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    TRENDS: Trends with Peter Lewis


    Peter Lewis dissects a survey which shows some alarming misconceptions about the nature of their own super.

    Some recent polling by EMC shows that not only are people underestimating the amount of money they need to retire on, they also have no idea of how much they will have in reality.
    However, there is one common factor. Peter Lewis tells 3Q that most people believe their super will not meet their expectations.

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