Super funds on track to deliver double-digit returns for 2021

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October was another positive month for superannuation, as confidence was high, in anticipation of lockdowns lifting and the economy opening up further. According to SuperRatings’ data, the median balanced option rose an estimated 0.7% in October, with the median growth option rising by a similar amount. While the median capital stable option was flat returning... Read more continue reading

Retirement: Opportunity for financial advisers never greater; portfolio construction has never been tougher

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Capturing the retirement opportunity through the sheer demographic wave presents a sizeable opportunity for financial advisers; yet investing for optimal retirement outcomes and navigating the ‘triple threat’ to retirement portfolios has never been more challenging. These were the main themes at an Allianz Retire+ webinar this week, featuring Investment Specialist, Tim Dowling, and over 100... Read more continue reading

Super funds post a solid quarter despite September weakness

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Super funds experienced their first negative month in a year with the median growth fund (61 to 80% in growth assets) losing 1% in September as share markets retreated. Despite this setback, growth funds still posted a solid 2% over the September quarter. Chant West Senior Investment Research Manager, Mano Mohankumar, says that growth funds... Read more continue reading

ATO to provide super details in family law property matters

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An amendment bill has now been introduced into Parliament to permit the Australian Taxation Office (ATO) to provide details about the superannuation accounts of a party to a Family Law property proceeding. Given that superannuation accounts are, after the matrimonial home, likely to be the most significant financial assets of a married couple, it is... Read more continue reading

A new financial year… and the beat goes on

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Fresh from delivering a staggering 18% return for the 2020/21 financial year, super funds got off to a bright start to the new financial year with the median growth fund (61 to 80% in growth assets) up 1.1% in July. Chant West Senior Investment Research Manager, Mano Mohankumar says funds have picked up from where... Read more continue reading

Best interest now best financial interests

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Previously, trustees of self managed superannuation funds were required to perform their duties and exercise their powers in the best interests of the beneficiaries of the fund. This requirement was imposed by s52B(2)(c) of the Superannuation Industry (Supervision) Act 1993. Now, because of a recent amendment to that provision, the requirement is for trustees to perform... Read more continue reading

‘Green’ super could halve Australia’s entire household carbon footprint

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Australia’s original climate-friendly super fund manager, Australian Ethical and Zali Steggall OAM are urging Australians to open their eyes to the power of their super, after new calculations revealed Australians have an unprecedented opportunity to address climate change through their super savings. The average Australian might feel their super can’t make a huge difference, but... Read more continue reading

More Australians engaging with super to secure retirement savings impacted by COVID-19

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More Australians are engaging with their superannuation and are positive about new increases to the Super Guarantee (SG) and higher contribution caps. However, the COVID-19 pandemic is causing uncertainty around retirement plans. The findings are from a national survey of more than 2,000 Australians released yesterday by leading superannuation provider, Colonial First State. The CFS... Read more continue reading

CPD: Behaving badly – could our decision-making flaws undermine the consumer protection intent of recent superannuation changes?

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It is widely accepted that consumer financial protection is important not only to protect consumers but also for the stability of the financial system. Whilst the major knowledge asymmetry that exists between consumers and financial services providers is, in itself, justification for robust protections, there is also a widely held view that consumers need protection... Read more continue reading

Super funds post a stunning 18% gain – the second highest return ever

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Super funds have delivered their strongest financial year result in 24 years, with the median growth fund (61 to 80% in growth assets) returning a stunning 18% for FY21. This is the second highest return since the introduction of compulsory superannuation in 1992 – the only better financial year result was 19.4% recorded back in... Read more continue reading