The coming three months will see Australian employers and their myriad of superannuation providers digest some of the biggest systems reforms since the introduction of the GST. The joint employer and super industry effort will deliver Australians one of the most streamlined retirement systems in the world – enabling people to consolidate funds or change... Read more continue reading
24
Sep
2013
Russell’s After-Tax Survey: Research validates objective of Stronger Super to compare like-for-like returns. Super fund members set to benefit from mandatory focus on after-tax performance. Pre-tax performance is not the most effective means to evaluate investment returns, often materially understating the real value of franking credits to investors, according to new research by global asset... Read more continue reading
19
Sep
2013
FSC-ING DIRECT Report: Superannuation − Australia’s View Australians overwhelmingly support superannuation with a clear majority backing a rise in compulsory contributions to 12 per cent according to a report, Superannuation – Australia’s view, released today by the Financial Services Council and ING DIRECT. The FSC-ING DIRECT report has found that 89% of respondents in a... Read more continue reading
17
Sep
2013
The June 2013 quarter defied the seasonal pattern of strong superannuation contributions at the end of financial year, instead recording one of the weakest quarters for contributions since the global financial crisis, according to the Financial Services Council’s Bond Report, released today. FSC chief economist, James Bond said: “Superannuation contributions at the end of the... Read more continue reading
05
Sep
2013
With cash returns failing to match inflation in many countries and investors looking for alternative ways to boost returns, institutions continue to face a challenging economic climate despite equity markets rallying this year. Against this backdrop investors are being forced to take greater risks in higher volatility and low liquidity investments to achieve target returns... Read more continue reading
05
Sep
2013
The Aon Master Trust has received its MySuper authorisation from the Australian Prudential Regulation Authority. On 1 January 2014, the Aon Master Trust will launch Aon MySuper. Pierre Kraft, Managing Director, Aon Hewitt Wealth Management commented on the authorisation: “This is an important announcement for the Aon Master Trust. It provides confidence to our members,... Read more continue reading
03
Sep
2013
Sandhurst Trustees, which forms part of Bendigo Wealth, has been granted authorisation by the Australian Prudential Regulation Authority (APRA) to issue a MySuper product under the new regime implemented by the Australian Government. From 1 January 2014, if a person has not chosen a super fund, their employer must pay their compulsory superannuation into a... Read more continue reading
26
Aug
2013
AMP will launch its two MySuper offers from 1 January 2014, following approval from the Australian Prudential Regulatory Authority. AMP Financial Services will draw on the investment expertise of AMP Capital to offer two My Super investment options; a lifecycle option and a balanced diversified option. The AMP Lifecycle option, which will be available to... Read more continue reading
23
Aug
2013
AMP Capital Global Direct Property Fund has purchased a CBD office tower in Sacramento, California for US$29.4 million. The Fund has been an active buyer and seller of US real estate this year as AMP Capital focuses on top tier secondary markets poised for growth that are only just beginning to attract significant capital flows.... Read more continue reading
08
Aug
2013
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