Helping Australians overcome the pervasive fear impacting their quality of life in retirement

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We’ve seen FORO – the Fear of Running Out – raise its head in the past couple of years. The great rush to supermarket shelves for food supplies and other essentials during the early stages of COVID comes to mind. In most of these cases there was plenty of supply for everyone. But when FORO... Read more continue reading

Actuaries develop a framework for maximising retirement income

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Superannuation funds will soon get more ‘hands on’ with helping members convert their super into retirement income once the new Retirement Income Covenant (RIC) takes effect, according to a paper issued today by the Actuaries Institute. The paper, from senior actuaries Jim Hennington and Andrew Boal, is designed to help the superannuation industry to navigate... Read more continue reading

Super bounces back in March, with a positive year still in sight

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Super bounces back in March, with a positive year still in sight After suffering losses in January and February, super funds bounced back into positive territory in March on the strength of resilient share markets. The median growth fund (61 to 80% in growth assets) was up 1.1% for the month, trimming the decline over... Read more continue reading

Super Funds bounce back in March

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A market bounce in March has supported super fund performance, with the global economy maintaining a reasonable degree of momentum. However, inflation concerns continue to mount as consumers face cost pressures. The Reserve Bank of Australia kept rates on hold at a low of 0.1% citing ongoing inflation challenges and uncertainty due to the war... Read more continue reading

CPD: Five ways home equity can improve retirement

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Retirees are worried. And while that may be a generalisation, for many older Australians, it’s also reality. Inflation is rising during a period of persistently low interest rates, meaning each dollar buys less. When you’re living on a fixed income, that scenario is especially challenging. The recent Household Capital/Your Life Choices Retirement Confidence Survey elicited... Read more continue reading

Ukraine turmoil takes its toll as funds slip in February

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Increasingly turbulent investment markets took their toll on super fund performance in February, with the median growth fund (61 to 80% in growth assets) slipping 1.1% over the month. Despite the losses in January and now February, the median return over the first eight months of the financial year remains positive at 1.4%. Chant West... Read more continue reading

CPD: Three strategies for using home equity with retired clients

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After two years of living with the threat of COVID, its real and potential impacts on health and finances, in and out of lockdown, older Australian understand more than ever the value of the family home as a safe haven and the preferred place to live during retirement. During the same period, house prices have... Read more continue reading

Australian Retirement Trust divests Russian holdings

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“Australian Retirement Trust has instructed its investment managers earlier this week to sell any remaining debt and equity investments and not to make any new investments in either Russia, Ukraine, or Belarus, which has now entered the conflict alongside Russia. In doing so, investment managers have been instructed to ensure adherence to all legal requirements... Read more continue reading

CPD: Super – Caps, tax and contributions

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By the end of the last financial year, Australia’s total superannuation assets had amassed $3.3 trillion, 14.7% higher than the previous year. While the super pool keeps growing, the rules around contributing to and accessing those retirement savings continue to evolve. This article, sponsored by Russell Investments, provides clarity about the current superannuation landscape. The... Read more continue reading

Adviser and investor optimism lifts as pandemic restrictions ease

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Confidence is improving strongly as financial advisers and investors look beyond pandemic restrictions, but ongoing market volatility is likely to present short-term challenges, accordingly to the latest research from Australian superannuation and investments group Colonial First State. Conducted by financial research consultancy, CoreData, the findings are part of the Colonial First State Advice Insights Report, which... Read more continue reading