Link Group and ME enter strategic partnership

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Leading superannuation administration, data analytics and registry company Link Group and industry super fund-owned bank ME has announced a strategic partnership to jointly deliver integrated innovations for superannuation funds. The partnership will leverage Link Group’s technology platform to improve the customer journey for fund members by offering greater integration between their banking and superannuation. This technology... Read more continue reading

Social security and pension treatment of insurance bonds

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An insurance bond might help with meeting income-related thresholds for some government benefits. But Bond alone ownership cannot increase eligibility for the Age Pension. When a person directly owns insurance bonds (including the AUSTOCK Imputation Bond), they are treated as “financial assets” and will count as an asset under the assets test and deemed to... Read more continue reading

Managing retirement risks

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Risk profiling assesses a client’s attitude to market risk and determines their risk profile but it doesn’t assess their attitude to all the risks in retirement. Risk profiling works well with accumulation because it is investment based and market risk is the primary concern when planning in the lead up to retirement. Retirement is different... Read more continue reading

Superannuation strategies for all ages

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Jonathan Philpot Regardless of their age, people should consider some simple strategies to help maximise their superannuation balance for when they retire, says Jonathan Philpot, wealth management partner at HLB Mann Judd Sydney. “While there are superannuation strategies that work across all age groups, there are some that are better suited to people at a... Read more continue reading

ASIC welcomes industry’s work on Indigenous superannuation

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ASIC welcomes the superannuation industry’s commitment to supporting Indigenous Australians with its inaugural Indigenous Superannuation Summit, held in Melbourne earlier this month. At the summit, the ASIC’s Indigenous Outreach Program (IOP) highlighted the practical ways the industry could improve engagement with its Indigenous members through a co-ordinated outreach effort. This was based on the findings... Read more continue reading

Superannuation myths unbundled

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Several pervasive myths are obscuring a clear picture of sensible reform in superannuation in Australia today. These myths have created a monumental ball of string that should be unbundled. Once sorted, we should kill off the myths. Otherwise, as Michael Rice observes, Australia will be set up for poor retirement outcomes and superannuation policy driven... Read more continue reading

Super fund wins the Infinity Award for the fourth time

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Local Government Super leads on sustainable and responsible investment Local Government Super (LGS) yesterday announced it has won the SuperRatings Infinity award for the fourth time – taking out the prestigious award in recognition of its leadership in sustainable and responsible investment. LGS Chief Executive Officer, Peter Lambert, said: “Winning the SuperRatings Infinity Award is great... Read more continue reading

A wake up call for retirees around new changes to defined pensions

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Whilst much attention has been given to the Assets Test reduction since the federal budget was announced, a change to Centrelink’s  income assessment of funded defined benefit pensions has received little attention and to some retirees it is a real ‘sleeper’, says Andrew Rafty, senior financial adviser at the Findex Group, Australia’s largest non –aligned... Read more continue reading

Remove vested interests from MySuper

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Assertions made by The Royal Commission into Trade Union Governance and Corruption, suggesting that industry funds are paying substantial sums to the unions with which they are associated, come as no surprise to the Corporate Super Specialists Alliance (CSSA). “The union’s negotiating and bargaining agreements would obviously be drawn to promote the industry fund to... Read more continue reading

We’re ready. Time to knock down the default super wall.

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John Billington, Executive, Bendigo Wealth has joined the debate and called for the current default superannuation fund regime to be opened to competition. “As it currently stands, our APRA authorised Bendigo MySuper product is excluded from being a default fund under modern awards, which is disappointing for employers who would like to choose a well-regarded,... Read more continue reading