Skip to content
Finance Investment, General News

Don’t set and forget: do these four things now for a brighter financial future

RMIT University 2 mins read

Dr Angel Zhong, Associate Professor, Finance 

Topics: superannuation, ATO, tax, finances, nest egg, EOFY 

“As tax time approaches, it presents an ideal occasion to reflect on your financial situation and the changes that have occurred over the past year.  

“Additionally, it serves as a timely reminder to prioritise your superannuation health.  

“Your superannuation is your money. Conducting regular health checks on your super is an essential step toward greater financial well-being and freedom, enabling you to prepare for a comfortable retirement lifestyle.  

“More Australians need to avoid the "set and forget" approach driven by inherent behavioural and cognitive biases in decision-making and actively engage with their superannuation to secure a brighter financial future. 

“The Australian Taxation Office (ATO) is calling for the public to conduct five basic health checks, including looking at your contact details, super balance and employer contributions, lost and unclaimed super, whether you have several super accounts and need to look at consoliding them, and your nominated beneficiary. 

“To safeguard your financial well-being, consider going a step further by conducting a thorough superannuation health check.  

  • Assess the performance of your super - Utilise the ATO's YourSuper comparison tool to evaluate the performance of your chosen superannuation fund and investment strategy and compare your fund's performance against relevant benchmarks and explore alternative funds that may better align with your needs. 
  • Evaluate investment strategies and asset allocation - Consider changes in your personal circumstances that might warrant adjustments to your super strategies. As factors like risk tolerance, liquidity needs, and investment horizon evolve with age, it's important to align your super investments accordingly. 
  • Understand your investment portfolio - Gain insight into how your super funds are invested. If you have a strong belief in sustainable investing, explore super strategies that align with your environmental and social values, while avoiding those that don't. 
  • Review fees and insurance charges - Assess the fees associated with your super fund and compare them with those of other funds. Additionally, evaluate the insurance products included with your super to ensure they still meet your requirements.” 

Dr Angel Zhong is a finance academic who specialises in empirical asset pricing, digital finance, global financial markets, investor behaviour and the recent trends in retail investing. 

Contact details:

Interviews: Angel Zhong, 0433 810 413 or  


General media enquiries: RMIT Communications, 0439 704 077 or

More from this category

  • Finance Investment
  • 30/05/2024
  • 00:37
IPC Systems

Kurt Adams to Succeed Bob Santella as CEO of IPC

New Board Chairman and Board Member Also NamedNew York, May 29, 2024 (GLOBE NEWSWIRE) -- IPC, a leading provider of trading communications, electronic trading and infrastructure solutions for global financial markets, announced today that as part of a planned leadership transition Kurt Adams will succeed Bob Santella as CEO. Additionally, Stuart C. Harvey, Jr.  has been appointed Chairman of IPC’s Board of Directors and Michael Chin has been named an IPC Board Member.Adams has more than 25 years of leadership experience in the financial and technology industries, most recently serving as CEO of Optum Financial. Prior to joining Optum in…

  • General News
  • 30/05/2024
  • 00:00
Australian of the Year Awards

Your Voice, Their Legacy – Time To Nominate For Australian of the Year 2025


  • Contains:
  • Finance Investment
  • 29/05/2024
  • 23:52

Texas PSF Forms Strategic Partnership with Intech Following $1.5 Billion Mandate

WEST PALM BEACH, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- Intech, a global quantitative equity manager, announced a significant expansion of its partnership with the Texas Permanent School Fund Corporation (Texas PSF), one of the largest educational endowments in the United States. This enhanced strategic partnership follows a $1.5 billion mandate awarded to Intech to manage a World ex-US enhanced index portfolio, reflecting a deep alignment of mutual goals and collaborative innovation.Partnership Highlights:Foundational Mandate: Texas PSF selected Intech to manage a $1.5 billion World ex-US enhanced index portfolio, showcasing trust in Intech's 37-year track record, organizational strength, and distinctive approach…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.