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

ANZ Wealth joins Monash-CSIRO Super Research Cluster

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The pre-eminent retirement incomes research organisation, the CSIRO-Monash University Superannuation Cluster, has secured another significant private sector backer with the decision by ANZ Wealth to join its ranks. ANZ Wealth will join five other organisations as the key supporters of the $9 million research project that brings together academics from four universities, Monash, Warwick, Griffith and... Read more continue reading

AdviserLogic to work with SuperRatings

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AdviserLogic is to work with superannuation research provider, SuperRatings to offer financial advisers the ability to thoroughly and extensively research and compare clients’ existing and proposed superannuation arrangements. “Advisers must meet their obligations under the Best Interests Duty,” said AdviserLogic head of product development Daniel Gara. “When advising on superannuation, this means they must be... Read more continue reading

Super member retention driving demand for predictive analytics

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Analytics specialist Empirics adds Australian Ethical Super to its growing line-up of clients Australian superannuation funds are increasingly competing for members though the use of data analytics to target and predict member behaviour, according to leading data specialist Empirics. Empirics today added the $900 million Australian Ethical Investments as its latest client, adding to a... Read more continue reading

Australia’s retirement income ‘bulge’ requires urgent, comprehensive fix

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Leading consultants to the financial services and superannuation sector Rice Warner has outlined the scale of the retirement incomes bulge facing Australia’s ageing population, its policymakers, superannuation funds and product manufacturers. The next 15 years will see more Australians leaving or winding down from the workforce than entering it. On Rice Warner analysis, Australia’s ageing nation will comprise two... Read more continue reading

Retirement income options: The next step for Australia

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The Australian compulsory superannuation regime has now been in operation for approximately 20 years and has, to date, largely focused on accumulation strategies. Over the past few years, more thought has been given to retirement income strategies, but the market is still relatively immature in terms of solutions available. Now, Australia’s ageing population and increasing... Read more continue reading

Milliman helps clients meet investment challenges of retirees

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The Risk Tolerance Paradox, and what you can do about it With a growing trend both globally and in Australia around low volatility, managed volatility, and portfolio risk management strategies, it is imperative that advisors and research consultants explore each strategy to uncover how different risks are being addressed. Identifying those techniques that are robust... Read more continue reading

Financial planner calls for ‘catch up’ contributions cap

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Financial planner Christine Hornery, CFP, Director of FMS Group says the new higher contributions caps for superannuation which took effect from 1 July 2014, are not high enough for people who spend prolonged periods of time out of the workforce and is calling for the introduction of a ‘catch-up’ concessional (before-tax) contributions cap to help... Read more continue reading

Statistics paint poor picture for women

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Some of the most disturbing statistics in the Association of Superannuation Funds of Australia (ASFA)’s March 2014 update on the level and distribution of retirement savings, according to financial planner Christine Hornery, director of FMS Group, are that more than a third of all women and around 60 per cent of those aged between 65 to... Read more continue reading

Fees ate my super…or did they?

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Are Australians paying too much in management fees on their superannuation? Recent discussion in the media suggests just that. However, some of the publicity is based on inaccurate claims or assertions that a single national fund would be much cheaper than a competitive environment. Let’s look at the facts… The arrival of no frills MySuper... Read more continue reading