Slow start to Trans-Tasman super portability

David Maida | financialalert  | 27 August 2013

As of 1 July, anyone who has permanently immigrated between Australia and New Zealand can transfer their retirement savings to their new homeland. But it's not a simple like-for-like swap and it's already had its problems. What sorts of sums are being transferred, what are the pitfalls - and how might advisers capitalise on it?

This new scheme is part of the Single Economic Market (SEM) and is meant to smooth monetary relations between Australia and New Zealand.

However...