SuperGuide
Superannuation and retirement planning information
As we see the dawn of a new government, we asked some of Australia’s top experts in superannuation and retirement planning what they think the government should be focusing on.
Superannuation is now very much super-sized, with 187 super funds and $2.9 trillion invested. Here we list the 20 largest super funds in Australia so that you can benchmark your own fund.
Understanding how to manage and invest your money is an essential skill when it comes to building a successful retirement.
Despite the scandals of recent years, the evidence is clear that good financial advice can provide both material and intangible benefits.
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.
If you are a passionate collector or connoisseur, then you may be able to use that knowledge to boost your retirement savings.
Now that it has done the impossible by winning the election, will the Coalition do the improbable by keeping its pre-election promises to improve the quality of financial advice?
An anti-detriment payment is an additional lump sum amount paid to the eligible dependant of a super fund member who dies (in addition to a lump sum death benefit that is paid to the dependant on the super fund member’s death).
The final report from the Royal Commission is likely to result in major change for the superannuation industry – both for super fund members and for trustees and executives managing the large super funds.
A key recommendation in the new Productivity Commission report, the idea of employees being given a ‘best in show’ list for the top 10 performing super funds has been met with a hostile response from the super industry.
Australia’s current super system is “harming millions of members” through underperforming funds, multiple accounts and excessive fees.
