Ask Noel: How safe is super?

By Noel Whittaker
Updated July 19 2018 - 9:33am, first published 9:26am
Ask Noel: How safe is super?
Ask Noel: How safe is super?

Are superannuation savings more protected from outside influences such as a global financial crisis than say a pension fund? I am 60 years old, working full time with about $400,000 in super. In the GFC I lost about 20 per cent of the paper value of my super. Is there any way of preventing that loss by shifting super to a pension fund before the predicted downturn. And, would my money be protected from fluctuations in a pension fund?