I am 52 and intend to work for another eight years. I have $300,000 in super in a defined benefit fund. It is projected to be $550,000 at retirement. My concern is that when I run the numbers for accumulation funds, the projected balance is $200,000 more, but more volatile. Should I stick with the defined benefit, or roll it out to an accumulation account?

Thanks for your question. As a general rule of thumb, anyone with a defined benefit super fund would normally hang onto it for dear life.

You might get better returns with your money in an accumulation account, but you’ll take on more risk.Credit: Simon Letch

Under defined benefit plans, the provider takes on all the investment risk, and you get a guaranteed benefit. Their attractiveness is magnified further if they provide lifetime pensions, which many do.

A defined benefit pension buys you a guaranteed income, adjusted for inflation, for as long as you live, with the potential for a portion of that........

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