The possibility for government to increase superannuation taxes in response to the ballooning budget deficit caused by COVID-19 could severely hurt member balances at retirement, according to a research note by the global implementation specialist manager Parametric. Raewyn Williams, Head of Research (Australia) and Analyst Josh McKenzie, in a short paper titled “Will retirees pay the... Read more continue reading
04
Sep
2020
One of Australia’s largest super trustees, Commonwealth Superannuation Corporation (CSC), has announced its partnership with workplace mental health organisation SuperFriend, effective 12 August. CSC is trustee for 11 super funds, collectively managing around $50 billion in funds under management for 730,000 Government and Australian Defence Force employees. SuperFriend will support employers and customers of CSC’s super funds, in... Read more continue reading
01
Sep
2020
Australians are feeling less confident about their retirement in a post Coronavirus world and think they might be forced to delay retirement and work longer than expected, according to new research by Colonial First State (CFS). The new CFS Retirement Realities research found: Nearly half (45 per cent) of Australians are either scared or do not feel... Read more continue reading
04
Aug
2020
EQT Holdings Ltd (ASX: EQT) (Equity Trustees) has announced its appointment as the trustee for the HUB24 Super Fund, part of HUB24’s investment and superannuation platform. As part of one of the fastest growing platforms in the market the HUB24 Super fund has $7.9 billion in funds under administration (FUA).¹ Equity Trustees’ Managing Director Mick... Read more continue reading
31
Jul
2020
The recent Tax Act amendment on excepted income of testamentary trust distributions may potentially affect superannuation proceeds trusts (“SPT”) that are structured as testamentary trusts. The amendment is an integrity measure to prevent assets unrelated to the estate being injected into the testamentary trust for the purpose of generating concessionally taxed excepted income. Importantly, the... Read more continue reading
22
Jul
2020
Australia’s original ethical investment manager Australian Ethical (ASX: AEF) has continued its track record of delivering market-leading financial returns for its members with positive impact for the planet. According to new data from leading research house SuperRatings, the Australian Ethical Balanced (MySuper) option ranked third for its one-year performance in a year dominated by the... Read more continue reading
20
Jul
2020
Superannuation funds should include a longevity-based product in their retirement income offerings and provide retirees with greater levels of low-cost financial advice to help improve living standards for older Australians. In a Dialogue paper, Developing the Retirement Income Framework, academic actuary Anthony Asher states that having products that more efficiently manage longevity risk will result... Read more continue reading
10
Jul
2020
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