First Nations Australians are being systematically excluded from accessing their superannuation — in retirement, during hardship, and even after death — according to new research from Super Consumers Australia and Mob Strong Debt Help.
The report, which surveyed 99 First Nations consumers in the Eastern Arnhem region and consulted 19 financial counsellors nationwide, has revealed Aboriginal and Torres Strait Islander people are twice as likely to have unclaimed or lost superannuation compared to the national average, often experiencing discriminatory policies and rigid regulatory designs which often lock them out of their own money.
It…