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(EstateNewsWire.com, September 10, 2012 ) Melbourne, Australia -- At present, the Australian government believes there is $10 to $20 million in more than 5 million lost super accounts.
Superannuation is the regular money contribution made by employers, on behalf of their employees into a superannuation fund, which is similar to a pension plan and can only be accessed when the employee retires. Generally, superannuation gets lost whenever employees change jobs, keep more than one job at a time and, implicitly, have more superannuation accounts, move house or change their names and forget to update their personal information. In time, as no contributions are made and the account holder cannot be reached, the fund loses contact
Fortunately, lost superannuation doesn’t actually mean the money is gone. According to the information on http://www.lost-super.com.au/, super accounts are referred to as ‘lost’ when the fund cannot establish contact with the account holder. Not only have the funds not disappeared, but all lost superannuation funds can be recovered and rolled into the best superannuation fund, with more benefits, lower fees and advantageous features.
In order to compare super funds and help customers make an educated decision, Lost Super considers several key factors for obtaining relevant results: fees, investment options, service, insurance and extra benefits. By comparing super funds, Lost Super aims at locating the super fund that’s most suitable and best-performing over the long term for the client: “Most people take into account performance and fees when choosing a superannuation fund, but it is crucial to consider the quality and cost of the insurance provided by the super fund. Before relying on the insurance cover a super fund provides, it’s best to check the terms and conditions on payouts and choose a fund with flexible insurance options”, says representative of Lost Super at http://www.lost-super.com.au/life-insurance/.
This is where the Australian company Lost Super comes to help Australians locate their lost super funds, but also make educated decisions when it comes to choosing the right super funds and level of insurance coverage. Considering that more than 70% of all life insurance policies are purchased through superannuation funds, Lost Super stressed upon the importance of choosing policies with the most suitable cover and affordable premiums. They also provide expert advice on why and how to consolidate superannuation funds in order to be provided with the best long-term return.
By accessing http://www.lost-super.com.au/superannuation/, customers can find out the exact steps they must make in order to recover their money and establish financial security.
About Lost Super
Lost Super operates Australia wide to locate lost Super funds. They provide an independent and transparent service to help clients locate their lost Super and roll it into the one, profitable fund. They determine Super fund which best meets the client’s personal needs and financial goals, while making sure their retirement dreams come true.
Contact Information:
Lost Super 3/2 Kent Place, South Melbourne Vic 3205 Australia Melbourne, Melbourne 3205 Australia Phone Number: 1300 980 487
Lost Super
Alex Smith
1300 980 487
info@lost-super.com.au
Source: EmailWire.Com
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