Socialist approach of MySuper encourages member disengagement

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The Government’s Stronger Super package released this week unnecessarily dumbs down superannuation, encourages Australians to disengage with their super and wilfully ignores the fact that there are already many viable, low-cost superannuation plans that cater to the needs of everyday working Australians, according to the Corporate Super Specialist Alliance (CSSA). “The Government’s socialist approach to […]

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BT Financial Group’s response to Government’s Stronger Super announcement

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BT Financial Group, one of Australia’s largest superannuation providers, says the flexibility the Government has included in its Stronger Super announcement will provide a solid foundation for the future of retirement savings in Australia.   BT Financial Group’s Head of Superannuation & Platforms, Melanie Evans, said the Cooper Review findings announced last year recommended a framework […]

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AustralianSuper building in-house investment talent

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AustralianSuper is pleased to announce the appointment of Innes McKeand to the Fund’s newly created role of Head of Equities. In this role, Mr. McKeand will be responsible for the development and implementation of a comprehensive strategy for the construction and management of AustralianSuper’s equities portfolio, which consists of both Australian and international equities across […]

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CSSA: Market volatility highlights risks to ordinary workers

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The current volatility on share markets around the world should demonstrate to Government that ordinary workers cannot afford to be without the financial guidance and access to advice currently provided within their corporate super plans, according to the Corporate Super Specialist Alliance (CSSA). “The volatility is a powerful and timely demonstration of what millions of […]

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Member retention is the new engagement warns Rice Warner

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The issue of fund member retention at retirement has supplemented member engagement as one of the more pressing issues facing Australia’s $1.4 trillion superannuation sector according to Michael Rice, Managing Director of independent actuarial and financial services consulting firm, Rice Warner. Mr Rice says new thinking and urgent attention is required by superannuation funds not […]

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Still engaged? Let’s make the relationship permanent

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Leading  financial technology firm Decimal has called on superannuation fund trustees to re-think their long-term approach to the perennial issue of fund member engagement. “The superannuation industry has worked hard for many years and has made huge strides towards better engaging members with their super. In fact, the industry has been focused on the ‘engagement conundrum’ […]

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Is the war over? Advisers and AustralianSuper trial a new approach

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AustralianSuper flags a revolution in advice with adviser panel trial results In a statement likely to have lasting implications for the financial advice and superannuation industries, AustralianSuper today declared that the FoFA reforms have created an environment in which the Fund and selected planner groups can work together in the interest of members. The dramatic […]

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Increase in Super Guarantee will boost retirement adequacy

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The Federal Government’s decision to increase the Super Guarantee (SG) to 12% will have a significant impact on retirement adequacy for the average Australian, lifting levels by $46,000, or 2.8%, to 71.3%, according to the latest AMP Retirement Adequacy Index. The SG increase to 12% will also boost the average annual net retirement income for […]

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