If you’re making significant financial decisions, or serious about retirement planning, at some stage you’re likely to seek financial advice. The key is to use an independent financial adviser who is not rewarded for selling you financial products. Any adviser you use for retirement planning should charge a fee, rather than accept commissions.
The following articles refer to Financial advice and superannuation.
And SuperGuide has the list!
It’s taken some time but a handful of motivated licensed financial advisers have finally raised the bar and demanded that… wait for it… licensed advisers provide independent advice in the best interests of clients.
I can hardly believe it myself, but according to Matthew Ross, the co-founder [...]
The self-managed super fund (SMSF) sector is “in pretty good shape” according to Jeremy Cooper, chair of the Super System Review.
Speaking at a SMSF industry (SPAA) conference on 18 February 2010, Cooper stated that, on average, SMSFs have become cheaper to run as SMSF account balances have grown, while still maintaining [...]
Consumers don’t matter. They really don’t.
In case you thought superannuation was about the fund members and that the 9% Superannuation Guarantee was all about your retirement savings, then think again. In the heat of the battle, sometimes civilians get hurt and anyone who has followed the Afghan and Iraqi conflicts [...]
The practice of calling self-managed super funds, ‘DIY super funds’ upsets the regulator, and also concerns many of the service providers making a living from helping individuals set up, and run, self-managed super funds (SMSFs).
The key message emanating from the SMSF industry is that you can’t possibly do it all yourself; you need professionals to [...]
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 [...]
… 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and it appears… hopefully, eventually… if the planets align, that his courage and leadership will dismantle the outdated and inappropriate [...]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: 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 [...]
In case you needed further proof of the impact of the global financial crisis (GFC), a recent survey titled Self Funded Retirees has found that retirees have been hit hard by the extended market downturn, while many baby boomers planning to retire have reconsidered and opted to remain in the workforce for a longer period.
Research [...]
Q: My wife and I are considering establishing our own super fund to be overseen by a licensed adviser. I asked two advisers for a quote on the set-up costs for a self-managed super fund. The first adviser charges approximately $8000.00; the second considerably less — about $1500. Which do [...]
In recent years, when presenting to investment forums on DIY super, I often use the term ‘ten commandments’ as a tool to help the audience grasp the major rules that apply to self-managed super funds (SMSFs). Here are what I consider to be the ten commandments of DIY super.
1 You shall . . . [...]
In the May 2009 edition of SuperGuide, I promised you a list of what I believed to be the top ten problems with Australia’s super system. My motivation for promising this list was the federal government’s announcement of yet another review (details at bottom of this article) relating to the superannuation system, and the appointment [...]
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
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