As superannuation returns continue to head south at an alarming rate, Norwich Life MD Allan Griffiths has appealed for more financial planning education for Australians. He says people have not been sufficiently educated in super investment. “It is important that people seek independent financial advice if they are considering switching superannuation investment options,” he said.

Results published in the APRA Industry Overview for the first quarter of this year show that total super assets decreased by 4.2% at the of 2001.