ASIC stands for the Australian Securities and Investments Commission, who are the company and financial services regulator and consumer protection regulator.
The following articles refer to ASIC and superannuation.
If you’re a member of one of the following super funds, then you need to read this article. Astarra Superannuation Plan, Astarra Personal Pension Plan, My Retirement Plan, (including subplans – Seagrims Retirement Plan, TIC Super, and Titanium Retirement Fund), Employers Federation of NSW Superannuation Plan.
You’re thinking about your retirement and worried about whether you’ll have enough money to live the life you want, or perhaps you’re more worried about not having enough money to even live the life you don’t want!
Uncertainty can create a lot of stress, and doing some research (see article Retirement planning [...]
Q: My husband and I are looking to start a SMSF and roll our industry funds into it. We have been able to find sources for the set up, accounting and audit of the fund and are now looking for assistance on the portfolio. We have a share portfolio outside super and so have some [...]
The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?
A glib response to this question may be: Enough money for what? From the many times, though, that I’ve been asked this question, I know that when most Australians ask it, they really want to discover the answer to: [...]
… that is, Nick Sherry, the Assistant Treasurer, and former Minister for Superannuation and Corporate Law.
Senator Sherry has stood his ground against the mighty force of the financial services industry and it appears… hopefully, eventually… if the planets align, that his courage and leadership will dismantle the outdated and inappropriate [...]
Q: I’m writing to see if you have any view on the fact that Colonial have frozen the Income funds belonging to a SMSF, and I have no idea when the suspension on redemptions will be lifted. Since the freeze the share market have increased about 35%.
Trish’s response: I [...]
Q: What you do is very important, thank you. I am 62 years, retired and draw an allocated pension from a public sector super fund in Queensland. For a year I have had all of my funds in their ‘cash’ option because I feared a significant market correction (as [...]
Q: I’m new to Australia and I have absolutely no idea where to start with my super in order to have the best outcome 40 years from now. So far, I have had my super spread through about 3 different industry super funds, as organised by temp agencies. I know this is not the way [...]
All you need is a job and some time. With regular modest superannuation contributions you could have up to $500,000 or more in retirement savings! It doesn’t matter what age you are – 25, 35, 45 or 55 – it is possible to turn $4,500 into $300,000 and more, just by turning up to work.
How [...]
Every month or two the media reports the latest returns from Australia’s largest super funds. You may look at your member statement (which provides a summary of your benefits) from your own fund and wonder why the returns being paid into your account don’t reflect the returns announced in the papers [...]
I have been writing about, or working in or on the sidelines of the financial services industry for 20-odd years and the regulator and the advising industry are only now, in 2009, really grappling with how consumers make investment decisions and the influential [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more