Australian super funds look offshore for retail bargains 

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Australian superannuation funds continue to prioritise exposure to global property, with retail opportunities in particular catching the attention of local institutional investors, according to global real estate heavyweight TIAA Henderson Real Estate (TH Real Estate). TH Real Estate is one of the world’s largest real estate investment managers and the world’s leading retail investor with... Read more continue reading

Pauline Vamos – Flexible income stream products are the future of the superannuation industry

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Interview with Pauline Vamos, CEO of the Association of Superannuation Funds of Australia (ASFA) The compulsory superannuation guarantee system was introduced in 1992 and since then it has become the second-largest asset for the majority of Australian workers. As of the end of the December 2014 quarter, superannuation assets totaled AUD 1.64 trillion. In late... Read more continue reading

Breaking the retirement solutions impasse

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“Super funds will need to innovate to find good retirement solutions as large numbers of members move into the pension phase,” said Raewyn Williams, Director of Parametric’s Research & After-Tax Solutions. “The industry is in a ‘scale versus segregation impasse’.” said Ms Williams. “Traditionally super funds pooled their accumulation and pension assets to take advantage... Read more continue reading

SMSFs are thriving – and it’s time critics acknowledged it

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It is time for critics of SMSFs to finally acknowledge the sector is working well and giving Australians the opportunity to enjoy security and dignity in retirement, says Olivia Long, CEO of the SMSF administrators Xpress Super and SuperGuardian. “Both the recent the Financial System Inquiry, which followed the Cooper Review four years earlier, have... Read more continue reading

Implementing efficiency in equity portfolios is a must for all super funds

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There is growing interest among Australian super funds in the potential benefits of Centralised Portfolio Management (CPM)  says Raewyn Williams, Director of Parametric’s Research & After-Tax Solutions. Ms Williams said that recent research, in particular a Towers Watson paper, shows how CPM is designed to capture value lost from tax, and implement efficiency in equity... Read more continue reading

Franking credits are the missing link in superannuation funds’ search for yield

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“Franking credits represent a valuable potential cash inflow for Australian superannuation funds,” says Raewyn Williams, Director of Parametric’s Research & After-Tax Solutions. Franking credits, also known as imputation credits, are a type of tax credit that allows Australian companies to pass on a credit for tax paid at the company level to shareholders.  For an... Read more continue reading

Grandfathering deal removes legislative handcuffs from advisers

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Synchron Director, Don Trapnell is calling the deal struck by the Government and Opposition last week, which will deliver relief on the Grandfathering provisions of the Future of Financial Advice (FoFA) legislation before the end of the year, a victory for advisers. “The unintended consequence of FoFA that prevented advisers from moving between Licensees because... Read more continue reading

Global real estate back on the agenda for Australian super funds 

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Global real estate group TIAA Henderson Real Estate (TH Real Estate) has earmarked 2015 as a year of resurgence for global real estate investing by Australian institutional investors – with Australian super funds leading the charge in search of long term stable income opportunities outside Australia. Speaking at a briefing in Sydney today, Executive Director... Read more continue reading

TAL: Annuities crucial for retirement planning

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Australia’s largest life insurer TAL is urging two Commonwealth Government-initiated inquiries to improve regulation of annuity ‘income’ products to help redress the massive retirement income shortfall facing Australia. In a submission to the Australian Government’s Review of Retirement Income Stream Regulation, TAL calls for retirement income regulations to enable greater product choice and income certainty... Read more continue reading

Australian custody and administration sector nears $2.5 trillion 

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The Australian custodial and administration sector grew strongly in the first half of 2014 to just under $2.5 trillion, according to data released yesterday by the Australian Custodial Services Association (ACSA). The latest industry statistics from ACSA, the peak industry body for Australia’s custody and asset administration sector, reveal the total assets under custody for Australian... Read more continue reading