Coalition’s financial services policies will deliver certainty and stability to the financial services industry

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The Coalition’s financial services policies will deliver certainty and stability to Australian retirees that their superannuation will not be tinkered with, Greg Cooper, chairman of the Financial Services council and CEO of Schroders Australia said today. Speaking at the FSC’s Annual Conference, Mr Cooper said: “As the second biggest financial asset for most Australians after... Read more continue reading

Rice Warner implements retirement savings equity

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Consulting firm Rice Warner has adopted an innovative approach to bridging the retirement savings gap for its female employees. The initiative addresses a fundamental gender imbalance that affects the retirement incomes of a majority of Australian female employees. Rice Warner today released details of what is believed to be a first for an Australian business... Read more continue reading

Morningstar Australian Superannuation Survey – July 2013

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Morningstar today published results of the Morningstar® Australian Superannuation Survey, providing comprehensive coverage of the performance of Australian-offered retirement savings vehicles to 30 June 2013. The Survey includes both commercial for-profit and industry superannuation options. Morningstar classifies funds according to a proprietary classification system created to facilitate meaningful peer-relative comparisons. Key Findings Superannuation funds produced strong... Read more continue reading

Local Government Super signs Investor Statement on Bangladesh

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First Australian super fund to join call to improve international garment industry standards Local Government Super (LGS) has become the first Australian super fund to support the ‘Investor Statement on Bangladesh’. Local Government Super joins over 190 global shareholders and investors, representing more than $US1.5 trillion, in calling on brands and retailers to implement the internationally... Read more continue reading

Stronger Super is here

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On 1 July 2013, ASIC welcomed key Stronger Super reforms intended to make the Australian superannuation system stronger and more efficient, and to help maximise superannuant retirement income. ASIC has an interest in a range of Stronger Super reforms, but those ASIC has been most involved in are the SMSF auditor register, the intra-fund advice... Read more continue reading

Contribution timing errors ‘dire’, says lawyer

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Contribution timing errors have dire implications, a leading financial services lawyer has warned. ‘Now is the time to check and double check those contribution caps,’ says Peter Townsend, principal of Townsends Business & Corporate Lawyers. ‘If you or your clients are going to make further contributions before June 30 it’s important to learn from those... Read more continue reading

Constant super tinkering highlights benefits of alternative strategies

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Constant Federal Government tinkering with the Australian superannuation system has created distrust in the eyes of most investors, but advisers can treat this as an opportunity to show the value of the advice they provide, says Matt Walsh, head of Lifeplan. “Advisers will be facing a challenging time convincing clients they should still treat superannuation... Read more continue reading

One-minute update: sensible superannuation reforms

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The changes to superannuation arrangements will generate $900 million over the forward estimates to 2015/16 (0.2 per cent of annual receipts) and Federal Treasury estimates that the main measure affecting earnings from superannuation assets will affect just 0.4 per cent of retirees in 2014/15. What do the figures show? Full details of the reforms can... Read more continue reading

Morningstar Australian Superannuation Survey – March 2013

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Morningstar has published interim results of the Morningstar® Australian Superannuation Survey, providing comprehensive coverage of the performance of Australian-offered retirement savings vehicles to 28 February 2013. The Survey includes both commercial for-profit and industry superannuation options. Morningstar classifies funds according to a proprietary classification system created to facilitate meaningful peer-relative comparisons. Key Findings The solid... Read more continue reading

Post retirement products aren’t mission impossible, says Russell

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There is no one right post-retirement solution for all superfunds according to Russell Investments. The global asset manager says building a post-retirement solution is a complex task for funds, due to the numerous variables unique to their member profile and business objectives, but not impossible. In the new paper Retirement Solutions: A Roadmap for Super... Read more continue reading