Close to two in three Australian non-retirees don’t know about existing retirement income products offered by their super funds, according to new research by Investment Trends and life insurer TAL.
Financial advisers are focused on helping their clients navigate super contributions, conditions of release or withdrawals, transfer balance caps and home ownership issues, according to the latest data from AMP Advice.
Commonwealth Superannuation Corporation will move into the next stage of its Retirement Income Strategy in early 2024, enlisting Challenger to develop a longevity solution to help meet its customers’ needs in retirement.
Some 73 per cent of financial advisers said they could use more support to educate clients about the potential implications of geopolitical tensions, according to a new poll conducted by Viridian.
Hostplus investment chief Sam Sicilia has made the extraordinary claim that the $103 billion fund “doesn’t care” about interest rates, inflation, legislative changes or the politics of the day when it comes to making investment decisions. In an exclusive interview to open the Fiduciary Investors Symposium, he said the only macro issue he really worried about was the most disruptive: war.
Industry insiders may well bristle at the thought of yet another parliamentary inquiry into superannuation and related issues. But it is also a chance for the sector to make its own case on member experience and customer service standards, and for the newly unveiled CEOs of the SMCA and ASFA to prove their advocacy credentials.
Interest rates are reaching levels where they are hampering economies and the domestic inflationary forces still swirling could prove tougher to quell than the price increases caused by global shocks. Investors might have become too optimistic.
Despite recent commercial property downturn, real estate investment and research leaders from Blackrock, ART and JANA believe the future is not all grim.
The government is considering the options to regulate the use of genetic testing results in life insurance underwriting, releasing a consultation paper on Monday for industry submissions.
The government will this week introduce legislation to Parliament to reform the Reserve Bank of Australia by reinforcing its independence, clarify its role and modernise its structure.
By encouraging clients’ children to be involved in the wealth-transfer process, financial advisers are likely to see a higher satisfaction and retention rate, according to a whitepaper from Australian Ethical and CoreData Research.
The total offshore asset allocation of Australian super funds has reached 47.8 per cent in 2023, according to the biennial NAB Super Insights Report.
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