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

Colonial First State urges retirees to ‘Be Ready For Next’

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Colonial First State is urging retirees to re-imagine their retirement, with a focus on freedom, not fear, in this next phase of their lives. This is the core message of a new campaign launched by Colonial First State, called “Be Ready For Next”. Linda Elkins, Executive General Manager Colonial First State, said more Australians are... Read more continue reading

Is sustainable income or steady capital your goal in a low interest rate environment?

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Retirees concerned about the impact of another cut to the official cash rate need to clearly identify their investment goals to help clarify whether capital stability or income sustainability is of greater importance, according to AMP Capital. The Reserve Bank has cut the official cash rate by 25 basis points to 2.0 per cent. This... Read more continue reading

The Yin and Yang of retirement income – Understanding two schools of thought on planning for retirement

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When it comes to advising clients, retirement is different. Generating an income stream for a client in retirement requires a different approach to helping them to accumulate wealth during their working life. There are also differences in the approach that can be taken in setting up a retirement income plan. Just as there can be... Read more continue reading

Centuria calls on Australians to consider their investment portfolio in light of the recent super debate

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While the recently released Tax Discussion Paper and Intergenerational Report created much needed debate around potential reforms of the superannuation system, a number of suggested changes may cause confusion among Australians when it comes to their retirement strategies. This is the view of Centuria Life General Manager, Neil Rogan, who says Australian investors need to... Read more continue reading