Living longer is one good reason to protect capital for sustainable income

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There are over five million baby boomers (born 1946 to 1964). For most, a bright future awaits. After full-time work, it’s a stage of life which could span 25 years or more, so will the capital last? Longer, healthier lives against a backdrop of lower investment returns means Baby Boomers have two things to ponder: […]

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Australian retirees have inadequate access to their savings

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Household Capital, an independent, specialist retirement funding provider, said  yesterday that a major issue facing Australian retirees was inadequate access to savings. Josh Funder, Household Capital’s Chief Executive Officer, said retirement funding adequacy was a very real issue facing retired and soon-to-be retired Australians. Mr Funder was responding to a number of recent news articles, […]

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Stronger Super not yet tax efficient

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Superannuation funds are largely ignoring the “Stronger Super” reform that embedded after-tax investing obligations into superannuation law, says global implementation specialist manager Parametric. Raewyn Williams, Managing Director of Research, Parametric Australia, says: “Six years after the Stronger Super reforms were announced, most superannuation funds still have a pre-tax focus. “This lack of progress with after-tax returns […]

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Super industry consolidation moving faster than ever

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Consolidation in the superannuation industry is happening faster than ever, and those funds looking to merge must ensure the process is conducted with the needs of members remaining top of mind, according to industry panelists at a recent QMV event. The panelists agreed that many superannuation funds that exist today will not be here in […]

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Teachers & nurses’ super fund tops league table

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Catholic Super – the $9.6 billion industry fund growing retirement savings for many teachers and hospital workers – has topped a league table, returning a high 10.49 per cent over seven years for members up to 50 years old with a balance of $100,000-250,000. That’s the finding from Canstar, Australia’s biggest financial comparison site. Canstar […]

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ATO – Key superannuation thresholds for 2019/20

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The ATO has released some of the key super thresholds for the 2019/20 financial year. Transfer Balance Cap This cap is $1,600,000 and is unchanged from the 2018/19 financial year. The transfer balance cap is the maximum amount of super capital which a taxpayer can transfer during their lifetime into retirement phase and thereby benefit […]

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Adviser education key to meet ethical investment demand

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Limited transparency and disclosure from the $2.6 trillion[1] super industry is impacting advisers’ ability to provide advice on ethical and environmental, social, and governance (ESG) considerations, according to leading ethical wealth manager Australian Ethical Investment. Leah Willis, Head of Client Relationships at Australian Ethical, said that while nine in 10 Australians expect their superannuation or […]

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The cost of ‘sustainable’ super may not match performance

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Super members searching for a ‘sustainable’ investment fund are exposed to the same challenges as those in more traditional funds with the sector delivering a wide range of performance outcomes and charging a range of fees, according to new research on the sector by superannuation research house SuperRatings. The SuperRatings research reveals that the median […]

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Australia’s retirement funding challenge

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Australia is facing a major retirement funding challenge. We are living longer than ever, yet it’s becoming increasingly clear that many people don’t have enough superannuation to fund a comfortable retirement. Australia’s baby boomers are hitting retirement. Over the coming years, 5.5 million people born between 1946 and 1964 will retire; for many of those, […]

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Super funds fully recovered from sell-off

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Super funds have emerged from the recent market downturn in top shape, recovering from a string of losses suffered in late 2018 as investors regained confidence and share markets were bolstered by a generally positive earnings season. February’s median Balanced option return of 2.6% was the highest monthly return since July 2016, while the median […]

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