UniSuper a defined disadvantage for young

Unis continue to use the scheme despite the in-built bias in favour of older members

Younger members of the UniSuper defined benefit fund may be disadvantaged by a large cross-subsidy to older fund members built into a new formula adopted by trustees this year, wealth adviser Daryl Dixon has warned.

Mr Dixon, a former economics lecturer at ANU in Canberra, has written a series of columns in this newspaper warning of the complications following the UniSuper trustees' admission in 2006 that the universities whose staffers were in the defined benefit division (DBD) fund would no longer fund any shortfall in assets required to fund retirement benefits.

Read the full article: UniSuper a defined disadvantage for young (The Australian subscription required) 

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Daryl Dixon

Executive Chairman

Daryl Dixon is one of Australia’s foremost investment experts and a well known writer and consultant. He has provided trusted advice to thousands of personal clients over more than 25 years and is an acknowledged expert in the areas of tax, superannuation (including public sector superannuation), social security and investments.

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