Retirement framework must consider longevity risk protection and better, low-cost advice

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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.... Read more continue reading

Super fund recovery brings FY20 returns back from the brink

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A strong June quarter has seen super funds recover from the depths of the COVID-19 crisis in March, however results for the 2020 financial year will fall shy of a... Read more continue reading

COVID-19: implications for those nearing or in retirement

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Talk of a recession and underlying unemployment continuing to head north of the 7.1% official rate won’t be allaying the feelings of uncertainty we’re all feeling at the moment, including... Read more continue reading

Interest from advised clients in rebuilding super rises as COVID-19 queries ease

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Clients of AMP financial advisers are seeking out strategies to rebuild their superannuation balances as enquiries about COVID-19-related help start to ease, according to the latest figures from the technical... Read more continue reading

Super funds regain ground but face tough financial year end

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Super funds have proven resilient to the turmoil that hit markets in the wake of the COVID-19 outbreak, extending their recovery through May and early June, and are on track... Read more continue reading

Australians in the dark on super investments as COVID-19 hits retirement savings

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In the weeks leading up to the COVID-19 crisis and its dramatic impact on markets, the majority of Australians believed their superannuation fund would protect their retirement savings from a... Read more continue reading

Super fund returns stabilise in April

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As markets saw less volatility in April, super funds saw some of March’s losses reversed, although the memories of the March falls remain fresh. Members enjoyed a positive result in... Read more continue reading

Colonial First State data reveals surge in super switches

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New data from Colonial First State (CFS) reveals switches by super members were three times the usual rate in March as a number of Australians moved their superannuation to cash... Read more continue reading

Early super release and job subsidies lead advice enquiries

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Early release of super was the topic most frequently asked about by advisers’ clients during March and April as the government sought to limit the fallout from the Coronavirus, according... Read more continue reading

COVID-19: Summary on early release of superannuation

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The Coronavirus Economic Response Package Omnibus Act 2020 (“the Act”) received assent on 24 March 2020.  Schedule 13 of the Act amends the SIS regulations to make provision for COVID-19... Read more continue reading