Market uncertainty leads super funds into losses for 2022

From

Super funds experienced a turbulent 2022 with heightened inflation driving ongoing interest rate rises and throwing international markets into periods of significant uncertainty. The median Balanced growth option reported a... Read more continue reading

Super members spared the worst in a tough year for markets

From

Super funds fought an uphill battle over the course of 2022, faced with heavy falls in most of the traditional investment markets – shares, listed property and bonds. Yet in... Read more continue reading

An alternative to the Your Future Your Super performance test

From

In November last year, Chant West shared its concerns about the Your Future Your Super (YFYS) performance test, arguing that it failed to measure what was important for member outcomes and that... Read more continue reading

October Budget 2022 – super aspects summary

From

Increase in Com Penalty Unit Increase to $275 (presently $222) Operative date 1 January 2023 Example – breach of operating standard (such as failing to keep separate assets held by... Read more continue reading

Back-door benefits from super not permitted

From

The rules relating to what a self-managed superannuation fund can and cannot invest in are complex and for the uninitiated appear confusing and alien. But there is a basic logic... Read more continue reading

Super bounces back in October as share markets rally

From

Super funds had a strong October on the back of rallying global share markets. The median growth fund (61 to 80% in growth assets) made an impressive gain of 3%... Read more continue reading

Survey shows Australians regaining retirement confidence

From

Australian investors are regaining confidence in their retirement wealth after the economic impacts of COVID and are more certain about when they can retire, according to the 2022 MFS Global... Read more continue reading

Last minute withdrawals before time is called

From

Is it possible to make a last minute withdrawal before you die and the payment, if made after you have died, still be treated as being tax free?  Well Yes... Read more continue reading

Super Funds bounce back in October

From

Leading superannuation research house SuperRatings estimates that the median balanced option generated a return of 3.0% in October, providing a boost to members’ balances. In November, we again saw a... Read more continue reading

Retirement Index declines, small funds best in show

From

The retirement experience of retirees has declined in 2022, pointing to an austere outlook for the growing number of Australian retirees transitioning into retirement. CoreData’s Best Possible Retirement (BPR) Index... Read more continue reading