Research from Australian Retirement Trust has found 67 per cent of Australians don’t feel their superannuation balance is in a good position for their age.

Additional key findings from the survey include:

  • Only 37 per cent know how to manage their super investment options;
  • 37 per cent are planning to retire in the next 20 years;
  • Nearly a quarter (22 per cent) of Australians haven’t checked their super account in the last 12 months; and
  • 31 per cent have received financial advice in the last year.

The average balance of ART’s more than 2.3 million members is $123,000.

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