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 […]

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New Year’s resolutions for a wealthy 2015

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With less than six weeks to go until the New Year, AMP Capital is encouraging customers to consider their finances when setting their resolutions for 2015. AMP Capital Head of Retail and Corporate Business Craig Keary said: “Health and fitness resolutions are popular as are intentions to”save more” or”pay down debt”. While these are all […]

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Local Government Super leads by example on climate change

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Enhancing ‘negative screening’ approach on LGS investments Local Government Super (LGS) has reaffirmed its strong commitment to responsible and sustainable investing by enhancing its ‘negative screening’ approach to combat the future impact of climate change on its portfolios.   The latest changes to the already comprehensive and well-established LGS negative screen methodology incorporates an additional […]

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New APRA data shows FSC member funds outperform industry funds

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The first report on MySuper performance and fees released by APRA yesterday is a game changer for the way superannuation is reported, the Financial Services Council said. Andrew Bragg, FSC Director of Policy said: “For the first time, Australians have APRA data which directly compares the fees and performance of MySuper products.” “As of yesterday, APRA […]

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Aussies’ top financial concerns revealed

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The 14th annual Financial Planning Week (FP Week) wrapped up this week, and has revealed that Australians are most concerned about retirement, home loans, superannuation and the best way to invest their hard earned savings. The results of the campaign, run by the Financial Planning Association of Australia (FPA), have also shown that Australians aged between […]

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Australia’s retirement income ‘bulge’ requires urgent, comprehensive fix

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Leading consultants to the financial services and superannuation sector Rice Warner has outlined the scale of the retirement incomes bulge facing Australia’s ageing population, its policymakers, superannuation funds and product manufacturers. The next 15 years will see more Australians leaving or winding down from the workforce than entering it. On Rice Warner analysis, Australia’s ageing nation will comprise two […]

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Retirement income options: The next step for Australia

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The Australian compulsory superannuation regime has now been in operation for approximately 20 years and has, to date, largely focused on accumulation strategies. Over the past few years, more thought has been given to retirement income strategies, but the market is still relatively immature in terms of solutions available. Now, Australia’s ageing population and increasing […]

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Milliman helps clients meet investment challenges of retirees

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The Risk Tolerance Paradox, and what you can do about it With a growing trend both globally and in Australia around low volatility, managed volatility, and portfolio risk management strategies, it is imperative that advisors and research consultants explore each strategy to uncover how different risks are being addressed. Identifying those techniques that are robust […]

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Fair Work superannuation process will cost $400 million

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The selection process by the Fair Work Commission (FWC) for default superannuation funds under Modern Awards will cost superannuation fund members a staggering $400 million if it is allowed to proceed. Laws put in place by the previous Federal Government require the FWC to assess all MySuper products that apply to receive default contributions and […]

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Financial planner calls for ‘catch up’ contributions cap

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Financial planner Christine Hornery, CFP, Director of FMS Group says the new higher contributions caps for superannuation which took effect from 1 July 2014, are not high enough for people who spend prolonged periods of time out of the workforce and is calling for the introduction of a ‘catch-up’ concessional (before-tax) contributions cap to help […]

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