Local Government Super adds to responsible investment credentials with highest GRESB score to date

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Local Government Super (LGS) has further cemented its position as a leader in responsible investment, receiving a 5-star rating and an overall score of 85/100 from the Global Real Estate Sustainability Benchmark (GRESB) assessment. LGS ranked above the peer average of 81/100 and the global average of 68/100.  GRESB is an industry backed organisation committed […]

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State Street Global Advisors defines the formula for retirement happiness

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State Street Global Advisors, the asset management arm of State Street Corporation (NYSE: STT), has announced that it has defined a ‘formula for retirement happiness.’ In a new research paper, entitled The Global Retirement Reality Report: The Happiness Formula, State Street Global Advisors compares objective rankings of various retirement systems with qualitative results from a […]

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Don’t panic! What superannuation is teaching the post-GFC world

Ten years since the collapse of US investment bank Lehman Brothers, Australia’s superannuation funds have accumulated over $1 trillion in retirement savings, providing a windfall for members prepared to take a long-term view. According to data from leading superannuation research house SuperRatings, members with a balance of $100,000 at the end of August 2008, just days […]

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Excess transfer balance determinations now being issued by ATO

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The ATO determines whether a taxpayer has exceeded the transfer balance limit of $1.6m and if a taxpayer has exceeded the $1.6m limit, the ATO must issue an excess transfer balance determination (ETB determination) to the taxpayer. An ETB determination means the taxpayer has too much super in pension phase. The ETB determination will specify […]

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Australia ranked 6th globally for retirement outcomes in 2018 Natixis Global Retirement Index

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Australian retirees’ wellbeing is again ranked 6th in the world for the third year running, according to new research from Natixis Investment Managers. Australia’s ranking is largely attributed to an improvement in the “Finances” sub-indices, and stability in the “Health” and “Material Wellbeing” sub-indices, where it ranked 4th, 13th, and 21st respectively. The 2018 Global […]

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UniSuper reduces admin fee to boost retirement savings of casual and young members

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UniSuper, the $72 billion super fund for the higher education and research sector, has announced a significant reduction in its annual administration fee, further lowering the cost of superannuation for over 100,000 members. From 1 October, UniSuper will replace its standard annual $96 fixed administration fee on its accumulation products with an annual fee of the […]

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Life after accumulation: Vanguard launches suite of retirement research

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Vanguard has launched a new suite of research aimed at helping Australians plan for a comfortable retirement. Vanguard’s Investment Strategy Group has developed tools which can assist investors and their advisers compile a comprehensive retirement plan, and execute a sensible spending strategy, to ensure income endures throughout their retirement years. The research spans three new […]

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Research shows falling retirement spend driven by behaviour, not declining income

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Does spending decline dramatically through retirement due to declining assets balances? Can individuals predict their retirement spending based on pre-retirement income? New analysis by Milliman suggests that retirees’ age is just as strong an indicator of behaviour as income levels and casts doubt on common benchmarks, such as using a percentage of final salary as […]

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SuperEd adds B2C with Retirement Essentials merger

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Personalised digital advice provider SuperEd will add a unique retiree service for super funds and secure a direct-to-consumer offer after finalising its merger with consumer advice platform Retirement Essentials. Retirement Essentials provides retirees with a concierge service which guides them through Centrelink’s complicated Age Pension application process. After the merger, SuperEd will become the only digital […]

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The First Home Super Saver Scheme

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The First Home Super Saver Scheme (FHSSS) is intended to assist individuals entering the property market by allowing them to save on tax and receive higher earnings than if the money was invested in a bank account. What is the scheme? From 1 July 2018, an eligible member may apply to withdraw certain contributions (and […]

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