Franking credits are the missing link in superannuation funds’ search for yield

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“Franking credits represent a valuable potential cash inflow for Australian superannuation funds,” says Raewyn Williams, Director of Parametric’s Research & After-Tax Solutions. Franking credits, also known as imputation credits, are a type of tax credit that allows Australian companies to pass on a credit for tax paid at the company level to shareholders.  For an... Read more continue reading

Grandfathering deal removes legislative handcuffs from advisers

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Synchron Director, Don Trapnell is calling the deal struck by the Government and Opposition last week, which will deliver relief on the Grandfathering provisions of the Future of Financial Advice (FoFA) legislation before the end of the year, a victory for advisers. “The unintended consequence of FoFA that prevented advisers from moving between Licensees because... Read more continue reading

Global real estate back on the agenda for Australian super funds 

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Global real estate group TIAA Henderson Real Estate (TH Real Estate) has earmarked 2015 as a year of resurgence for global real estate investing by Australian institutional investors – with Australian super funds leading the charge in search of long term stable income opportunities outside Australia. Speaking at a briefing in Sydney today, Executive Director... Read more continue reading

TAL: Annuities crucial for retirement planning

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Australia’s largest life insurer TAL is urging two Commonwealth Government-initiated inquiries to improve regulation of annuity ‘income’ products to help redress the massive retirement income shortfall facing Australia. In a submission to the Australian Government’s Review of Retirement Income Stream Regulation, TAL calls for retirement income regulations to enable greater product choice and income certainty... Read more continue reading

Australian custody and administration sector nears $2.5 trillion 

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The Australian custodial and administration sector grew strongly in the first half of 2014 to just under $2.5 trillion, according to data released yesterday by the Australian Custodial Services Association (ACSA). The latest industry statistics from ACSA, the peak industry body for Australia’s custody and asset administration sector, reveal the total assets under custody for Australian... Read more continue reading

$34 coffee highlights the inflation risks to retirement

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New data showing the price of a takeaway coffee could reach $34 in the future highlights the need for Australians to take action to help meet rising costs in their retirement. Research commissioned as part of MLC’s ‘Save Retirement’ campaign has shown that the cost of a takeaway coffee could rise to $6.80 in 20... Read more continue reading

Almost half of Australians undecided on whether they will need to sell the family home to fund retirement: MLC Wealth Sentiment Survey  

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Nearly half of Australians are undecided on whether they will have to sell the family home to fund their retirement, the latest MLC Wealth Sentiment Survey has found. The quarterly survey has found 11% of Australians already plan to sell the family home to fund their retirement, with a further 42% undecided on what they... Read more continue reading

New campaign encourages advisers to become retirement conservationists

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MLC has launched the latest wave of its pioneering ‘Save Retirement’ campaign to drive a national conversation about how Australians can bridge the trillion dollar retirement savings gap and secure their future. In recognition of the crucial role financial advisers’ play in building the wealth of Australians, MLC has developed a campaign targeted to advisers... Read more continue reading

Families disadvantaged due to MySuper legislation

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The mandatory transfer of personal superannuation accounts to MySuper will result in thousands of people losing insurance entitlements attached to their superannuation, according to the Corporate Super Specialist Alliance (CSSA). “Not only will people lose the insurance cover attached to their previous super funds, they will also have no legal recourse to pursue for their... Read more continue reading

Local Government Super leads by example on climate change

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Enhancing ‘negative screening’ approach on LGS investments Local Government Super (LGS) has reaffirmed its strong commitment to responsible and sustainable investing by enhancing its ‘negative screening’ approach to combat the future impact of climate change on its portfolios.   The latest changes to the already comprehensive and well-established LGS negative screen methodology incorporates an additional... Read more continue reading