Update 19 April 2010: after weeks for waiting after filling out the forms from my new super provider, UniSuper, to rollover my other two accounts into the new one, I received two letters. One was from PSSaP/aria (a fund for federal government employees) and the other from AMP.
PSSaP announced that my super had been removed from them to my new account and that my business with them was complete. Thankyou. Conversely, AMP sent me a letter refusing to rollover my account to my new account as the form I had used ‘did not meet statutory requirements’. So is Unisuper using out of date forms or is AMP retarded?
Given that PSSaP accepted the forms, I think Unisuper is fine and AMP are simply being retarded corporate pigs, doing everything they can to delay and obstruct losing my money. They’ve just guaranteed that I never do business with them again…
I hate superannuation. I understand the principle of saving for my future but the way the Australian system operates is a con. It’s set up by finance industry scum to benefit themselves. You pay fees for no obvious service and get ripped off every time you have to rollover your super because you change jobs. Thanks to the greedy gambling fuckwits responsible for the global financial crisis, my super lost thousands of dollars, which could have been safe in an interest earning term deposit with no fees at a bank. It is outrageous that the government forces workers to sponsor the unconscionable gambling addiction of the finance industry.
I recently got a new job and wanted to rollover my last two accounts into the account for my new job. It should be easy – a matter of logging into online accounts and entering account numbers etc. But no. Unlike transferring money from account 1 at bank a to account 2 at bank b, which can be done in moments, I have to download forms, print them out, complete them and post them back. WTF? Why can’t I do this online, or get my super company to do it for me? What am I paying these useless greedy losers for? They all know all my details. Why can’t they talk to each other to provide me, the consumer, with a service?