super

Unless Australians dramatically increase their Super contributions they will be heading for trouble, as they will have insufficient funds for their retirement.

After the worst slump in 25 years superannuation is finally projecting positive growth by as much as 9% in the three months to June.

Researchers have warned that Australian superannuation funds will return their biggest losses in the 2008/09 financial year since the introduction of compulsory super 17 years ago.

SuperRatings an independent research group stated that they expected the medium balanced investment to post a loss of 13 per cent for the 2008/09 financial year.

Federal Treasurer Wayne Swan has stated that if the Government were to run surpluses at a little over one per cent of gross domestic product (GDP) outstanding debt could be eliminated by 2022.

Industry experts have come out and stated that savers in some of Australia's worst performing super funds, have been forced to pay an estimated $3 billion in commissions to financial planners over the past three years.

Splitting up with you partner is bad enough, then there is the advice from your mates to pick yourself up and move on.

What no one seems to advise you is that you should contact your superannuation fund and make sure that your ex is removed as your beneficiary.