CSSA: Market volatility highlights risks to ordinary workers

From

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 […]

continue reading

Member retention is the new engagement warns Rice Warner

From

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 […]

continue reading

Still engaged? Let’s make the relationship permanent

From

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’ […]

continue reading

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

From

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 […]

continue reading

Increase in Super Guarantee will boost retirement adequacy

From

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 […]

continue reading