{"id":1492,"date":"2025-08-22T13:04:31","date_gmt":"2025-08-22T03:04:31","guid":{"rendered":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/?post_type=article&p=1492"},"modified":"2025-08-22T13:04:31","modified_gmt":"2025-08-22T03:04:31","slug":"the-challenges-in-the-superannuation-industry","status":"publish","type":"article","link":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/article\/the-challenges-in-the-superannuation-industry\/","title":{"rendered":"The Challenges in the Superannuation Industry"},"content":{"rendered":"
Raelene Seales<\/a>, CEO Prime Super speaks of the challenges in the superannuation industry …<\/strong><\/h5>\n

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The superannuation industry is designed to help people grow their retirement savings, but as our CEO, Raelene Seales<\/a>, explains in the video below, there are two key challenges which are member engagement and confidence in retirement.<\/p>\n

Many Australians don\u2019t see their super as their own money. Many trust their fund to manage it but don\u2019t actively engage with it. \u201cWe\u2019d like members to become more engaged \u2013 little contributions over time could make such a significant difference to their retirement,\u201d says Raelene.<\/p>\n

The other challenge comes in retirement itself. Those who have saved well are hesitant to spend, fearing they\u2019ll run out of money. \u201cWe\u2019re finding that a lot of our members who reach the pension phase are not spending their money in the same way. They have a fear of running out of money in retirement.\u201d<\/p>\n

Recent research from ASFA<\/a>\u00a0shows that Australian couples need $690,000 in super to retire comfortably, while singles need about $595,000. While these figures can seem daunting, small contributions over time can help you reach your goals. At Prime Super, we provide guidance, tools and support for our members so they can build their super with confidence.\u00a0\u00a0<\/p>\n

Watch the full video<\/a>\u00a0to hear Raelene\u2019s insights and how we\u2019re here to help our members.<\/p>\n

Prime Super 2024. Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276<\/p>\n","protected":false},"excerpt":{"rendered":"

Raelene Seales, CEO Prime Super speaks of the challenges in the superannuation industry … The superannuation industry is designed to help people grow their retirement savings, but as our CEO, Raelene Seales, explains in the video below, there are two key challenges which are member engagement and confidence in retirement. Many Australians don\u2019t see their […]<\/p>\n","protected":false},"featured_media":1498,"comment_status":"closed","ping_status":"closed","template":"","class_list":["post-1492","article","type-article","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/article\/1492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/types\/article"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/comments?post=1492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/media\/1498"}],"wp:attachment":[{"href":"https:\/\/www.thebuzz.net.au\/educateplus-wa\/wp-json\/wp\/v2\/media?parent=1492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}