Read it and celebrate

If the pandemic has left you flat and badly in need of a sugar hit, open your annual super statement. If you are in a balanced or MySuper default fund, where most people’s money is invested, you will have scored big time.

Funds achieved returns of 20% in the year to June 30, the best result in 15 years. Hopefully, the endorphin rush will prompt you to take your statement more seriously and read it carefully from cover to cover.

For whatever reason, many of us neglect to do this. Alex Dunnin, executive director of research and compliance at the Rainmaker Group, puts the inertia down to the way super works: much of it happens without our involvement.

“The strength of super is that it’s all automatic, but