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eNews – August 2023

Australians have endured a tumultuous few years, but even now that the dust from the pandemic has settled, there’s still plenty of uncertainty. 

Will our economy avoid a recession? And how will new developments in artificial intelligence (AI) impact the ways we work and live? These questions can be stressful to think about, but they can also spark important discussions about our lives and our finances.

This month, we take a look at the different ways AI is being used by scammers to swindle people of their money. We also do a deep-dive on unlisted assets and the role they can play in your super fund’s investment strategy.

Next, we take a look at HECS-HELP debt and what the recent indexation increase may mean for those with uni debt. And with annual super statements arriving in members’ inboxes this time of year, we cover a few key questions to ask when you receive yours. Finally, Nicole Pedersen-McKinnon shares some ways to help cope when your super balance is going up and down.

Enjoy the edition.

How AI is supercharging financial scams

AI is on the rise, and one group that’s been quick on the uptake has been cybercriminals. Here are just some of the ways the tech is being used to scam and steal.

What are unlisted assets and do they belong in your super?

Super funds invest in many different assets to grow members’ retirement savings, including unlisted assets. But do you know how they work?

Can you still afford to ignore HECS-HELP debt?

For anyone with uni debt, the recent indexation increase of 7.1% might come as a shock. Here are a few things to keep in mind.

6 questions to ask when you receive your super statement

There’s more to your super statement than how well your fund has performed. Here are a few questions to ask when you receive yours.

How to cope with changes in your super balance

It can be difficult seeing your super balance go up and down, especially if you’re approaching retirement age. Here are some strategies to help you stay calm.