Australian custody and administration sector nears $2.5 trillion 

From

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

From

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  

From

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

From

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

From

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

From

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

From

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

From

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

From

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

From

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