Super Consumers Australia estimates that more than 15.7 million of us have no binding death benefit nomination for our super.They surveyed 5000 people last year and found 67 per cent had not been contacted by their fund in the previous 12 months about making a legally binding nomination. Applied to the roughly 18 million Australians with super, that’s about 15.7 million. Only 13 per cent responded that they had a binding death benefit nomination.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
How binding super death nominations work and why you may not need one
News that millions of Australians don’t have a binding death benefit nomination for their super caused alarm in some quarters, but was the panic misplaced?







