I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

China's market fall doesn't lead to Superannuation Downfall

In the first days of 2016, newspaper headlines were dominated by the 10 % fall in China's sharemarket. New Chinese Federal government trading rules were activated two times in two weeks, when the marketplace fell greater than 5 % in a day, then dropped an additional 2 % the following day.

This downturn, integrated with the country's ongoing economic slowdown, had lots of financiers all over the world to begin the year in a state of panic. Issues were boosted by falls in the worth of China's money, the yuan.

Stephen Halmarick, Head of Economic and Market Research in Colonial First State's, said you shouldn't be unduly worried that these events in China will erode your superannuation investments.

There's a lot of ruin as well as gloom discussed in China, but it misses out on a very significant point - the economic situation will improve.

The Positive Side

The slowing of Chinese economic growth means that particular parts of Australia's economic climate are likely to suffer, such as our mining as well as energy industries. Subsequently, this could suggest that the value of some Australian companies, and their share prices, can decrease also.

In addition to that, there's an expanding requirement for products and solutions amongst Chinese nationals, as they move from rural into cities. This consists of access to healthcare, education and learning. Australian firms within these sectors are consequently benefiting from this enhanced need.

Chinese Development Set to Continue

According to Halmarick, it is vital to concentrate on exactly what's happening in the wider Chinese economic situation, not merely its sharemarket. Specifically in China, the two are very different - and not as closely connected as they are in several nations.

Super Tips: Keep in mind to do your homework before you consolidate and consider all the functions your different fund's benefits, consisting of any existing insurance cover you may be quitting by leaving a fund.

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All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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