We teamed up with @ato_gov_au to inform the design of the YourSuper Comparison Tool conducting a survey & two survey experiments with over 2000 respondents. Read our final report - behaviouraleconomics.pmc.gov.au/projects/yours…
#yoursuper #superannuation
#yoursuper #superannuation
The first experiment used a mock-up of the comparison tool’s results page, sorting super funds into ‘good’ or ‘poor’ performers. We found people tended to select higher performing funds when the results table included a third ‘top’ performance category.
We also tested ways to communicate the risk/return trade off: common industry terms (eg ‘balanced’) vs technical language (eg ‘low risk & low expected return’). People who saw common industry terms were better at selecting the best option.
The YourSuper comparison tool compares all MySuper products. If you want see how these products compare, visit: ato.gov.au/Calculators-an…
For clear, comprehensive guidance about how to choose a super fund, visit the Money Smart site: moneysmart.gov.au/how-super-work…
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