THE SOAPBOX

The must-read section of SuperGuide. These popular and compelling columns generate debate about issues affecting Australians planning for retirement, or living in retirement.

Each month, we draw attention to an area of our superannuation system that needs improvement or deserves recognition. Trish Power’s views in the columns are informed, and independent.


Below are some of our key THE SOAPBOX articles:

Set out below are all SuperGuide articles explaining THE SOAPBOX.

Take note: Age Pension age increasing to 67 years

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Note: This article below explains the eligibility age for the Age Pension. For information on the retirement age for accessing superannuation benefits see SuperGuide articles Preservation age: I’m 58. Can I withdraw my super benefits? and I’m 60. Why can’t I access my super benefits? In late … [Read more...]

Financial advice: Only 31 (10 + 12 + 9) independent financial advisers in Australia

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Note: This article is updated regularly when new financial advisers join the independence club (latest update February 2014). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an … [Read more...]

Dear financial advisers: choose to be magnificent, not mediocre

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I believe an independent, qualified financial adviser, focused on the best interests of the client can be a valuable partner for any individual’s or family’s wealth creation plans, along with excellent tax advice from an accountant. I assumed that the majority of the financial advising industry … [Read more...]

Financial System Inquiry: Where are the women, consumers and property expert?

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On 20 December 2013, the federal government released the final Terms of Reference for the promised Financial System Inquiry (FSI), after a very speedy industry ‘consultation’ process that commenced on 21 November 2013. The federal government has also announced the appointment of 4 members to serve … [Read more...]

SMSF: Off-market share transfers get green light

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Off-market share transfers for SMSFs remain legitimate transactions, and will continue to remain legitimate indefinitely, according to a recent announcement by the Coalition government. On 14 December 2013, Assistant Treasurer, Arthur Sinodinos announced the outcome of consultations over the … [Read more...]

Quotas: More independent super trustees needed

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Australian superannuation funds need to appoint more independent directors to trustee boards of super funds, says the federal government in its latest discussion paper. Currently, most trustee directors on superannuation boards are not considered independent. On 28 November 2013, the Assistant … [Read more...]

Ouch! Large super fund trustees must improve, says regulator

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The Australian Prudential Regulation Authority has ‘let it rip’ so to speak regarding the level of skills and independence of trustees of APRA-regulated super funds. In a speech at an industry conference in November 2013, and in later speeches and interviews, Helen Rowell, a member of APRA, has put … [Read more...]