Don’t delay the superannuation guarantee increase

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In July 2013, Australians’ superannuation savings started getting an extra boost when the superannuation guarantee contribution (the contribution that is mandated for employers to pay on top of workers’ salaries) increased above 9% for the first time in more than a decade. The plan to increase these contributions to 12% of a worker’s salary stalled... Read more continue reading

Actuaries Institute Pre-Budget submission says super must be simpler and its purpose clear

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In a pre-Budget submission to federal Treasury, the Actuaries Institute has urged the Government to simplify Australia’s superannuation regulations, review areas where retirees need extra support and legislate to make the overall objective of the retirement income system clear. The submission was lodged with the federal Government on 29 January. The Institute believes Australians should... Read more continue reading

UniSuper hits $10bn in ESG-themed options

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UniSuper, the $90 billion superannuation fund for the higher education and research sector, has surpassed $10 billion in funds under management across its three dedicated ESG investment options, solidifying its position as Australia’s largest investor in ESG-themed strategies. The three ESG-themed strategies have delivered consistent returns and grown increasingly in popularity among UniSuper members over... Read more continue reading

Super fund mergers need to deliver investment rationalisation wins

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Centralised Portfolio Management (CPM) can play a pivotal role in the mass consolidation of the superannuation industry that will define its future for the next 10 years, says global implementation manager Parametric Portfolio, an affiliate of Eaton Vance (NYSE: EV). “With the APRA-regulated superannuation funds on the cusp of horizontal integration, it is vital that... Read more continue reading

Recent comments about super need fact-based response

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Some recent comments from Federal government members and Treasury’s budget papers on super questioning the merit of Australia’s super system call for a clear response based on facts, not one based on sentiment or ideology, says Ian Fryer, General Manager of leading super research and ratings agency Chant West. While Ian believes no-one is questioning... Read more continue reading

Delayed plans to downsize now in sight for Australian retirees

COVID-19 continued to be a dominant theme in Australians’ conversations with their financial advisers in the final quarter of 2020, as clients realise their plans to downsize for lifestyle or health reasons. “Clients who are looking to sell the family home are asking their advisers about what the impacts may be on their superannuation and... Read more continue reading

The top returning super funds of 2020

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In a year defined by the global pandemic and the locking down of economies, the superannuation system faced arguably one of its toughest test in its 29-year history. Now, as super funds finalise their reporting for December 2020, the strength of superannuation’s comeback is clear. Despite the market turmoil in the first half of the... Read more continue reading

Downsizing is not for every retiree

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With around 76% of all seniors owning their property outright there is an opportunity to downsize but it is no ‘silver bullet’ solution. Even though the recently announced Retirement Income Review was positive about strategies to sell down the family home, it is not suitable for all people. The Review also stated that: ‘Use of the Pension... Read more continue reading

New approach needed for desperate income investors

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Outdated portfolio thinking has left millions of Australian retirees vulnerable to low interest rates and higher sharemarket volatility, argues Allianz Retire+ . As interest rates worldwide plumb record lows, retirees are taking on more risk to earn enough investment income to live on – a strategy that could permanently damage their wealth. “The latest rate... Read more continue reading

Super recovery still underway as outlook improves

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The recovery in superannuation continues as lockdown conditions gradually ease across the country and Australians prepare for a relatively normal summer, with fewer restrictions on gatherings and business operations. According to estimates from leading superannuation research house SuperRatings, the median balanced option returned 0.5% in October, while positive market movements in November point to continued... Read more continue reading