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AAP

Business

Derek Rose

Caution urged on supposedly 'balanced' super funds

Alex Jamieson Dan Himbrechts

There are concerns some "balanced" super funds are tilted too heavily towards riskier positions. (Dan Himbrechts/AAP PHOTOS)

Some superannuation funds' "balanced" options have become heavily overweight riskier "growth" assets, a financial planner warns.

Alex Jamieson, founder of Melbourne-based AJ Financial Planning, says super fund providers have an incentive to "gamify the system" so their balanced funds provide better returns.

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