What do you think a superannuation fund might be?
1 answer
A superannuation fund is a type of retirement fund that is used to save and invest money for an individual's retirement. It is common in countries such as Australia and New Zealand, where employers are required to contribute a percentage of a worker's salary to a superannuation fund. These funds are typically managed by professional investment companies and may offer a range of investment options such as stocks, bonds, and cash. The funds are designed to grow over time and provide individuals with income during their retirement years.