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

Government pulls the wrong lever by delaying SuperStream

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A seasoned industry practitioner is highly critical of the Federal Government’s decision to push back the date by which superannuation funds must comply with the SuperStream contributions data standards. Superannuation funds now have up to 1 July 2015 to meet the new standards. SuperGuardian and Xpress Super CEO Olivia Long says that the Australian Taxation... Read more continue reading

Defence Bank launches new super and pension product

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The Defence Bank has expanded its offering to members and potential members with the launch of a new superannuation and pension product. Called Defence Bank Super, the new product has been designed for members in either the accumulation or the retirement stage of life. The CEO of the Defence Bank, Jon Linehan, says the decision... Read more continue reading

Joint superannuation accounts – the next front in a long campaign to better engage fund members

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Finding ways to truly engage superannuation fund members with their retirement savings outcomes is a long-term industry conundrum in Australia. Superannuation funds have embarked on numerous approaches to improve member engagement levels, with mixed results. Aside from the economic imperatives for funds to attract and retain members, there is a long list of member and... Read more continue reading

Young people take more active interest in superannuation

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In a break with tradition, young people are taking a more active interest in their superannuation with the 30-49 year old group being the most concerned about planning for retirement, according to the latest quarterly MLC Wealth Sentiment Survey. Both men and women in this age group rated their concern about having adequate funds for... Read more continue reading

To Infinity … and beyond

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“Local Government Super takes out the Infinity Award for the third time” Local Government Super (LGS) has been announced as the winner of this year’s SuperRatings Infinity Award. The Award is presented to the superannuation fund that best demonstrates its commitment to addressing its environmental and ethical responsibilities. Local Government Super CEO, Peter Lambert, accepted... Read more continue reading

Australian custody and administration sector continues growth trajectory

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The Australian custodial and administration sector continues to grow strongly driven by rising equity markets, with the latest industry statistics released by the Australian Custodial Services Association (ACSA) revealing total assets under custody for Australian investors grew by 8.3% to $2.32 trillion in the six months to 31 December 2013. The research from ACSA, the... Read more continue reading