MLC calls on women to take action on super

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Ahead of International Women’s Day, MLC is raising awareness about the importance of superannuation and the amount of savings women will need in retirement. Women retire with 40% less super than men which means too many women are risking a very basic lifestyle in retirement.  Additionally one in four women will have little or no... Read more continue reading

AMP launches Super product for growing middle market employer segment

AMP has launched a new corporate superannuation solution for the growing middle market, a segment which now accounts for 25 per cent of Australian workers. AMP SignatureSuper Select will offer medium sized companies with between 50-750 employees a sophisticated corporate superannuation product with over 30 investment options, flexible insurance arrangements, a tiered pricing structure and... Read more continue reading

Aged-care complexity continues, despite government reforms

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Centric Wealth says bonds now creating most confusion for elderly and their families Leading wealth management advisory firm, Centric Wealth, today said that despite the Federal Government’s Living Longer Living Better reforms, the aged care industry continues to be plagued by complexity and uncertainty, particularly in relation to bonds. An accommodation bond, or accommodation charge,... Read more continue reading

AMP North hits $10 billion FUA, up from $2 billion in just 3 years

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AMP’s flagship wrap platform North has hit $10 billion in Funds Under Advice (FUA), a five-fold increase since it launched as a full wrap platform with $2 billion in FUA in 2011. AMP Director of Superannuation Patricia Montague said North’s strong growth was driven by investment in the platform features increasing its appeal to customers.... Read more continue reading

An effective strategy against sequencing risk in superannuation

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Ability Capital has demonstrated a new approach to tackling one of the most intractable problems facing superannuation investors in its white paper: The Search for El Dorado: New Strategies for Better Superannuation Outcomes. The white paper shows how a new type of equities strategy offers an effective solution to the problem of sequencing risk, which is... Read more continue reading

One third of Australians expect major retirement savings shortfall

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Almost one third (31.7%) of Australians expect a large financial shortfall at retirement with a further 25% expecting a shortfall to some extent, according to a special report: MLC Retirement Survey. Alarmingly only 3.5% of Australians expect to have more than enough money to maintain their lifestyles in retirement. The survey of 2,000 Australians also... Read more continue reading

Green ribbon for local super fund

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Local Government Super receives high global ranking in green investment Australian super fund Local Government Super (LGS) has ranked second globally for its sustainable investment practices and maintained its AAA rating, according to yesterday’s release of the results of a global survey of the world’s top-ranked green investors. The Climate Institute’s Asset Owner’s Disclosure Project... Read more continue reading

Telstra Super joins Lonsec & Milliman retirement network

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Investment research house Lonsec Research Pty Ltd (Lonsec) and global actuarial and consulting firm Milliman yesterday  announced that Telstra Super Financial Planning (a wholly-owned subsidiary of Telstra Super), has become the first financial services group to sign up to Lonsec Retire, a collaboration between Lonsec and Milliman that provides financial advisers with access to contemporary... Read more continue reading

AMP Flexible Super reaches $10 billion AUM

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AMP’s award winning all-in-one super and retirement product, AMP Flexible Super, has notched up over $10 billion in assets under management (AUM), capping off a remarkable period of growth since its launch in 2010. AMP’s Director of Contemporary Wealth Management Patricia Montague said the $10 billion milestone was testament to the products flexible structure which... Read more continue reading

Super Guarantee hike leads to record $15.57 billion in employer super contributions

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Software spending strikes fresh high as Australian businesses update technology Employers paid a record $15.57 billion into employees’ superannuation accounts in the third quarter of 2013, reflecting the rise in the Superannuation Guarantee to 9.25%, according to gross domestic product (GDP) statistics released today by the Australian Bureau of Statistics (ABS). The data also showed... Read more continue reading