An effective strategy against sequencing risk in superannuation

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Ability Capital has demonstrated a new approach to tackling one of the most intractable problems facing superannuation investors in its white paper: The Search for El Dorado: New Strategies for Better Superannuation Outcomes. The white paper shows how a new type of equities strategy offers an effective solution to the problem of sequencing risk, which is... Read more continue reading

One third of Australians expect major retirement savings shortfall

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Almost one third (31.7%) of Australians expect a large financial shortfall at retirement with a further 25% expecting a shortfall to some extent, according to a special report: MLC Retirement Survey. Alarmingly only 3.5% of Australians expect to have more than enough money to maintain their lifestyles in retirement. The survey of 2,000 Australians also... Read more continue reading

Green ribbon for local super fund

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Local Government Super receives high global ranking in green investment Australian super fund Local Government Super (LGS) has ranked second globally for its sustainable investment practices and maintained its AAA rating, according to yesterday’s release of the results of a global survey of the world’s top-ranked green investors. The Climate Institute’s Asset Owner’s Disclosure Project... Read more continue reading

Telstra Super joins Lonsec & Milliman retirement network

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Investment research house Lonsec Research Pty Ltd (Lonsec) and global actuarial and consulting firm Milliman yesterday  announced that Telstra Super Financial Planning (a wholly-owned subsidiary of Telstra Super), has become the first financial services group to sign up to Lonsec Retire, a collaboration between Lonsec and Milliman that provides financial advisers with access to contemporary... Read more continue reading

AMP Flexible Super reaches $10 billion AUM

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AMP’s award winning all-in-one super and retirement product, AMP Flexible Super, has notched up over $10 billion in assets under management (AUM), capping off a remarkable period of growth since its launch in 2010. AMP’s Director of Contemporary Wealth Management Patricia Montague said the $10 billion milestone was testament to the products flexible structure which... Read more continue reading

Super Guarantee hike leads to record $15.57 billion in employer super contributions

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Software spending strikes fresh high as Australian businesses update technology Employers paid a record $15.57 billion into employees’ superannuation accounts in the third quarter of 2013, reflecting the rise in the Superannuation Guarantee to 9.25%, according to gross domestic product (GDP) statistics released today by the Australian Bureau of Statistics (ABS). The data also showed... Read more continue reading

Women need up to $20,000 p.a. more than men in retirement

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Women’s spending habits and the fact that they outlive their men means they need a separate retirement income stream between $12,000 and $20,000 a year more than their male partners, according to Christine Hornery, director of FMS Group. “The truth is, women need more money than men but often earn less and therefore save less... Read more continue reading

Actuaries warn of retirement underfunding risk

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Australians should plan to fund at least 20 years in retirement The Actuaries Institute (the Institute) warns Australians need to be financially prepared for many years of retirement. The warning comes in response to the latest headline life expectancy rates released last week by the Australian Bureau of Statistics (ABS), which projected ‘life expectancy at... Read more continue reading

Too little too late – baby boomers claim changes to super won’t make a difference

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Only 19% of Baby Boomers say recent moves to increase super contributions will give them more confidence in their ability to fund their retirement dreams according to the 2013 RaboDirect National Savings and Debt Barometer (NSDB), launched yesterday. The survey of 2,322 Australians aged 18 to 65 also revealed the extent of the gap between... Read more continue reading

Unconventional solution needed to fund longer retirements

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With the investment world getting more and more complex, ‘vanilla’ solutions are unlikely to help investors achieve their aims – particularly those approaching retirement, says Chad Padowitz, chief investment officer at Wingate Asset Management. “Today’s pre-retirees are faced with a reality that is quite different to any operating environment in the last two or three... Read more continue reading