So you’ve accumulated enough wealth by working more than half your life. Now it’s time for you to enjoy your hard earned money and hope it lasts you through retirement. Pre – retirement is a crucial time as you should have strategies in place to protect your wealth. Life after retirement should be an exciting […]
The Australian Institute of Superannuation Trustees is looking into the not so distant future where the industry will be offering their members with automated advice online or over the phone.
This was posed as a possibility to counter red tape and fraudulent advice. The AIST is looking into regulatory constraints such as product disclosure and how […]
Is there an appropriate age to open up about the superannuation system? A recent study commissioned by Australian Institute of Superannuation Trustees show that Generation Y – on the average, are starting to talk more about superannuation as early as 24 years old as compared to pre – retirees, who thought about superannuation at a […]
The Association of Superannuation Funds of Australia has recently released a report revealing that 35% of women have no money for retirement. A staggering 60% of women aged 65 to 69 are among the worst affected, as they had no superannuation. ASFA chief executive officer Pauline Vamos has called this an alarming gap in superannuation […]
The British Government has decided to move the age pension to 70 for workers under 30 and Australia is facing the same dilemma. Treasurer Joe Hockey warns that the pension age in the country might be moved just the same; citing that pension in Australia has become unaffordable.
Mr. Hockey argued that the move is necessary […]
The Financial Services Council have urged state government officials to sell infrastructure to For – Profit Superannuation funds, setting their sights on state-owned electricity networks.
Retail fund’s plan to invest in infrastructure have sparked debate among economists, who warned that this is a risky move, as privatization can push electricity prices up, and the government will […]
Retirement Commissioner Diane Maxwell is recommending to raise the retirement age for Generation Y (people born on the 80s to the 2000s). This is part of a proposal to increase the retirement age by a year every 10 years starting in 2027 to address the increasing number of baby boomers (post World War II 1946 […]
Australia has been ranked 3rd overall in Superannuation quality for 2 straight years, behind Denmark and the Netherlands in the 2013 Melbourne Mercer Global Pension Index. The country’s overall score has increased from 75.7 to 77.8 this year. This is good news for Australia as it boasts of a consistent and effective Superannuation system.
Even with […]