These days, running your own corporate super fund is getting harder and harder. You have to be an expert to navigate the rules and industry legislation. There are ever-extending regulations to cover, reporting requirements and investment decisions.
If you weigh up all these issues, plus the cost and effort involved in managing the paperwork for the fund, it begs the question: is it worth it? Probably not.
Research shows that the number of corporate funds in Australia has shrunk considerably over the past 10 years - it's down by thousands
In fact, in the education and finance sectors, there are now very few employers running their own fund. Most have moved to outsource super to a professional fund like NGS Super. It makes financial sense for everyone – administrative staff and members.
Talk to us about your situation. At NGS Super, we have experienced team members who have actually helped employers make the changeover from running a fund, as smoothly and efficiently as possible. We can help you cope with the transition for defined benefit funds as well as accumulation funds.
What's more, here at NGS Super we have broadened our horizons. Everyone is welcome to join.
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