//

You better hope the iPhone 7 sells well — your future retirement savings could depend on it.

Spaceship, which bills itself as the “super fund for millennials,” is creating a new style of superannuation fund that will invest predominantly in technology. A super fund is a mandatory way Australians save for old age, somewhat similar to a 401(k) in the U.S., built from contributions by employers and voluntary top ups.

Spaceship is the work of a Sydney-based team with backgrounds in finance and venture capital. Andrew Sellen, CEO and cofounder, told Mashable the idea emerged over beers, as he and cofounder Dave Kuhn debated whether a new type of super fund could overcome the apathy most young Australians have about their savings. Read more…

More about Super Fund, Retirement, Spaceship, Australia, and Business

from Startups http://ift.tt/2cWfscu