Nearly half of Australians have heard of the Protecting Your Super reforms

From

Just over a month since the Australian Government implemented its Protecting Your Super (PYS) reform package, new research commissioned by MLC Life Insurance reveals that nearly half (48%) of Australian superfund members have heard of the reform. These results come after a significant industry-wide campaign to raise awareness of the changes to life insurance inside... Read more continue reading

Food presents significant investment opportunity but needs to be done responsibly

From

The ability to influence the long-term sustainability of food supply chains and support the health of the planet, has driven First State Super’s interest the food and agricultural sector, according to Chief Investment Officer Damian Graham. Speaking this week in Sydney, Mr Graham said issues relating to production, utilisation and wastage would become increasingly critical... Read more continue reading

The role of the Centrelink PLS in addressing Australia’s retirement funding challenge

From

Australia’s retirement income policy has been traditionally framed as having three pillars: superannuation, non-superannuation savings and the Age Pension. However, for many Australian baby boomers these three pillars provide inadequate resources to fund 25+ years of retirement. Will the government’s revamp of its Centrelink Pension Loans Scheme (PLS) fill the void? Household Capital discusses the... Read more continue reading

Retirees should review their income strategy in light of second rate cut

From

Australia’s 3.8 million retirees should review their income generating investment strategy in light of the RBA’s second rate cut decision yesterday, according to Australian funds manager Plato Investment Management (Plato). While beneficial to homeowners and people trying to buy a home, rate cuts also see Australian retirees receive less income from their floating rate income... Read more continue reading

More super funds set to cut investment return targets in response to rising secular headwinds

From

About one-quarter of MySuper funds have cut their investment return goals over the past three years and more are likely to follow in the face of rising uncertainty, according to Frontier Advisors. Ageing demographics, falling productivity across developed nations, mounting geo-political risks, threats to global trade, and the impact of climate change are just some... Read more continue reading

The fourth pillar of retirement funding

From

Australia’s retirement income policy has been traditionally framed as having three pillars: superannuation, non-superannuation savings and the Age Pension. However, for many Australian baby boomers these three pillars provide inadequate resources to fund 25+ years of retirement. Household Capital explains why it’s now time to include the fourth, and largest, pillar of retirement funding –... Read more continue reading

Changes to Pensioners Loan Scheme set to boost retiree bank balances

From

Federal government changes to the Pensioners Loan Scheme allowing retirees to boost their income through a reverse mortgage on the family home are about to come into effect in the new financial year. The amendments to the existing Pensioners Loan Scheme announced in the 2018 federal budget have two key components making the scheme more... Read more continue reading

Living longer is one good reason to protect capital for sustainable income

From

There are over five million baby boomers (born 1946 to 1964). For most, a bright future awaits. After full-time work, it’s a stage of life which could span 25 years or more, so will the capital last? Longer, healthier lives against a backdrop of lower investment returns means Baby Boomers have two things to ponder:... Read more continue reading

Australian retirees have inadequate access to their savings

From

Household Capital, an independent, specialist retirement funding provider, said  yesterday that a major issue facing Australian retirees was inadequate access to savings. Josh Funder, Household Capital’s Chief Executive Officer, said retirement funding adequacy was a very real issue facing retired and soon-to-be retired Australians. Mr Funder was responding to a number of recent news articles,... Read more continue reading

Stronger Super not yet tax efficient

From

Superannuation funds are largely ignoring the “Stronger Super” reform that embedded after-tax investing obligations into superannuation law, says global implementation specialist manager Parametric. Raewyn Williams, Managing Director of Research, Parametric Australia, says: “Six years after the Stronger Super reforms were announced, most superannuation funds still have a pre-tax focus. “This lack of progress with after-tax returns... Read more continue reading