Your Future, Your Super legislation attracts industry criticism; Top postcodes revealed for lost and unclaimed super; ASFA argues accessing super would make housing affordability worse, not better; new research dismisses the idea that retirees die with most of their super untouched; Huge gender gap in super concessions; ASIC’s mea culpa on SMSF costs; AMP appoints its first female chief.
Set out below are all SuperGuide articles that relate to Super news.
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All sorts of claims are being made following the release of the Retirement Income Review, including that it paid insufficient attention to issues of gender.
Have you ever wondered why your super fund rarely sends you mail? It could be because it is one of the 36 funds that perform badly, or one of the six funds that perform extraordinarily badly. As of mid last year those six funds managed the retirement savings of 900,000 Australians.
Super caps to rise, ASIC commences civil proceedings against REST and Statewide, APRA wants super funds to lift their game on insurance, QSuper and Sunsuper merger update, Toyota Super to merge into Equipsuper, Aware Super and VISSF discuss merger, Costs rise for retirees, Three strikes and you’re out for SMSF annual returns, AMP Capital offloads some investment management capabilities
Transfer balance cap to rise 1 July 2021, Super associations urge government to make super fair for all, Nearly one million young Australians left with little or no super, ATO has its eye on auditor details in SMSF annual returns, SMSF Association calls for less complexity in super, High Court says Westpac subsidiaries gave unauthorised personal advice, Optimum Pensions to launch new market-linked lifetime annuity, Maritime Super to outsource investment to Hostplus.
There’s something odd about those television and internet advertisements telling us we are getting more super.
Jim Bonham from Save Our Super examines recent claims that retirees have been hoarding their superannuation.
APRA updates MySuper heatmap, Super fund underperformers, MTAA Super and Tasplan merger, Consultation to improve business communications.
Rise in costs for retirees, APRA releases latest super statistics, Returns not the main driver for SMSF trustees, Financing ageing in place for older Australians, Financial advice boosts wealth and health
It’s quite a challenge to succinctly summarise the 233,117 words of the Retirement Income Review, and the report itself will be dwarfed by the coverage it receives in the coming weeks, months and years.
Tracey Spicer talks to industry experts, including Stephen Koukoulas, Andrew Boal and Brendan Coates about their takes on the Retirement Income Review.
The wisdom of increasing compulsory super next July is not the only reason the Retirement Income Review was eagerly anticipated, but it certainly added fuel to the fire.
Most retired Australians are at least as well off in retirement as they were while working, but not all. The huge exception is retirees who do not own their own homes.
It would be a waste if the Friday’s mammoth Retirement Income Review was remembered only for its finding that increases in employers compulsory superannuation contributions come at the expense of wages.
The government’s much-anticipated Retirement Income Review has found that increases in employer’s compulsory superannuation contributions are financed by reductions in workers’ wage growth.