Superannuation Summit: ‘Rebooting the system that is failing many Australians’

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Australia’s newest independent think tank is celebrating its launch by arranging a star-studded discussion on the future viability of Australia’s superannuation system, just weeks before a government review body is to issue a public consultation paper on the topic. The not-for-profit Crescent Think Tank, formed by a group of Australian and overseas academics, has confirmed former ACTU Secretary Bill […]

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Investing for retirement just got harder: thankfully dividends are still coping with negative interest rates

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Investors, and particularly Australia’s 3.8 million retirees, should review their income generating investment strategy in light of the RBA’s third  rate cut decision, according to Australian funds manager Plato Investment Management (Plato). While beneficial to homeowners and people trying to buy a home, rate cuts also see Australian retirees receive less income from their floating […]

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Alliance welcomes Retirement Income Review

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The independent Review of the Retirement Income System will provide an important opportunity to ensure that Australia’s world-class superannuation and retirement income system continues to evolve in a positive direction for all Australians. John Maroney, the newly appointed spokesperson for the Alliance for a Fairer Retirement System, says  Alliance members have identified five key questions […]

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Australia ranked 9th in the world for retirement outcomes in 2019 Natixis Investment Managers Global Retirement Index

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Australia ranked in the top ten for retiree wellbeing in 2019, despite sliding three places from 6th last year to 9th this year, according to the 2019 Natixis Investment Managers Global Retirement Index (GRI). Released yesterday, the index assesses 44 countries on the factors that drive retirement security, providing an overall ranking and percentage score […]

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Local Government Super identified as global leader in ESG investment

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Local Government Super (LGS) has announced that it has been identified by the world’s leading independent proponent of responsible investment, the United Nations Principles for Responsible Investment (UNPRI), as being in the top 10% of responsible asset owners worldwide. As a result, LGS has been included in the UNPRI Leaders’ Group which was recently announced […]

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Superannuation funds plan to boost offshore allocations

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Australian superannuation funds plan to ramp up their allocations to international assets as they seek to diversify investments and boost returns, according to a NAB survey published last week. The NAB Superannuation FX Survey found that 72 per cent of Australian funds plan to increase their share of offshore investments over the next two years and are […]

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Retiring super fund members can’t wait for Government’s timetable

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Superannuation funds need to get on the front foot and respond to the strategic challenge of developing good retirement solutions now, says global implementation specialist manager Parametric CIO Paul Bouchey. “Although superannuation funds can follow the Government’s legislative timetable to develop a Comprehensive Income Product for Retirement (CIPR) by 1 July 2022, that’s hardly an […]

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Nearly half of Australians have heard of the Protecting Your Super reforms

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Just over a month since the Australian Government implemented its Protecting Your Super (PYS) reform package, new research commissioned by MLC Life Insurance reveals that nearly half (48%) of Australian superfund members have heard of the reform. These results come after a significant industry-wide campaign to raise awareness of the changes to life insurance inside […]

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Food presents significant investment opportunity but needs to be done responsibly

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The ability to influence the long-term sustainability of food supply chains and support the health of the planet, has driven First State Super’s interest the food and agricultural sector, according to Chief Investment Officer Damian Graham. Speaking this week in Sydney, Mr Graham said issues relating to production, utilisation and wastage would become increasingly critical […]

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CPD: The role of the Centrelink PLS in addressing Australia’s retirement funding challenge

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Australia’s retirement income policy has been traditionally framed as having three pillars: superannuation, non-superannuation savings and the Age Pension. However, for many Australian baby boomers these three pillars provide inadequate resources to fund 25+ years of retirement. Will the government’s revamp of its Centrelink Pension Loans Scheme (PLS) fill the void? Household Capital discusses the […]

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