Saturday, September 12, 2009

I may be thick but...

WTH has smoking got to do with Superannuation? HUH? Has he mixed up Superannuation with Life Insurance? or is he talking about the Insurance [ Personal Income Loss etc] that you can buy from the funds? If that's it, then why are they adding products without authorisation from the owner of the Super Account? If not, how me paying for a future pension [ whether it's the Super guarantee or my own top ups] in an investment fund got to do with whether I die early or not?

Savings go up in smoke in secretive super rip-off

At Colonial's FirstChoice fund, for example, when an employee is moved out of his or her company's super plan into the personal option, fees increase by $475 a year.

In part, this is because insurance costs are based on the assumption they are smokers.

5 Even Wiser people reply:

Ann oDyne said...

huh? They assume everybody smokes?
How presumptuous of them.
and $475 extra ? huh?
God I hate everything.
Don't take it.

BwcaBrownie said...

oh this is a laugh
a woman aged 102 and going strong ... has been smoking 92 years
Daily Mail online of course.
Worth the clickthrough

JahTeh said...

I thought you were giving it up?

Like me giving up chocolate.

BwcaBrownie said...

23rd Sept - how are ya anyhow?

antikva said...

I think I went slightly insane the last few weeks but things are looking up :D

Hugs and thanks for sticking with me *mwah* luvya's!