Are tailored BDBNs the magic bullet for SMSF estate planning?

From

A tailored BDBN is one which is subject to special conditions which can make it useful to deal with various modern estate planning issues. One common condition is to impose a “cascading” succession of nominees in case the primary nominee fails to survive the fund member or fails to remain an eligible recipient of the death […]

continue reading

The new world of ATO reporting

From

As the commencement date for the super reforms passes, the focus will inevitably turn to the processes that will implement these reforms – particularly the processes at the ATO end. Pam Roberts, Senior Technical Services Manager at IOOF, said “Quietly and steadily over the last few years, the ATO’s role in super has been changing […]

continue reading

Issues to consider with $600k ‘Downsizer’ strategy

From

From 1 July 2018, the Federal Government is allowing ‘Downsizer contributions’ of up to $300,000 per individual who sells their eligible current or former family home after age 65. What are the considerations? Mainly Centrelink and taxable income.     Conclusion The Downsizer contribution is beneficial if the Client has no age pension entitlement and is […]

continue reading

It’s time to include risk measures alongside super fund investment returns

From

Superannuation funds are ignoring the impact of risk on returns when we all know there is a clear link between increased risk and expected future return. Unfortunately, when risk is ignored, eventually investors will have to pick up the tab when the next market downturn strikes. It’s happened before: the OECD estimates that Australian funds […]

continue reading

Growing consumer demand for ethical investing: 4 in 5 Australians prepared to switch funds

From

9 in 10 Australians expect their superannuation or other investments to be invested responsibly and ethically, new research commissioned by the Responsible Investment Association Australasia (RIAA) has revealed. In an important signal to Australian’s superannuation, banking and wealth management sectors, 4 in 5 Australians would consider switching their super or other investments to another provider […]

continue reading

Australian super funds bring derivatives into the mainstream

From

Australian super funds are embracing derivatives to perform a wide range of investment functions, according to a new survey by risk management and retirement specialist firm, Milliman. The survey revealed that roughly four in five funds (79%) using derivatives ‘always’ or ‘often’ used derivatives for risk management and hedging while other popular uses included portfolio […]

continue reading

Downsizing eligibility: Former homes now eligible under proposed bill

From

The Downsizer Contributions measure, currently before the Federal Senate, will allow individuals 65 years or over to use the proceeds in relation to a sale of their main residence to make ‘downsizer contributions’ of up to $300,000 (or $600,000 for a couple) into super.  If passed, the provisions are expected to take effect from July […]

continue reading

Equity Trustees and Aon in $5.2 billion super alliance

From

EQT Holdings Ltd (ASX: EQT), the holding company for Equity Trustees, and Aon has announced they had entered into an alliance that will create a $5.2 billion superannuation partnership  to service Australia’s rapidly growing superannuation market. Equity Trustees and Aon will merge the Aon Master Trust and The Executive Superannuation Fund, subject to the approval […]

continue reading

Local Government Super wins Infinity Award for the sixth time

From

Local Government Super (LGS) has won the SuperRatings Infinity award for the sixth time, cementing its position as the industry leader in responsible and sustainable investment. LGS Chair, Bruce Miller, said “We are proud of the team at LGS for this significant achievement. To be the only super fund that has won the Infinity Award […]

continue reading

Super does not lose you money

From

“I don’t want to invest into super. My friends lost money investing in super during the GFC.” This was a conversation I was having with a new client this week. I regularly hear the fear from investors of not wanting to invest in superannuation. This is due to a very common misunderstanding about what superannuation […]

continue reading