The general manager of the superannuation division of APRA insisted stapling legislation is working, in a wide-ranging discussion that also covered sustainability of insurance products, developing a universal default cover and standardising insurance data.
With the Retirement Income Covenant coming into effect on July 1, superannuation funds have focused on applying a principles-based framework and strategic approach to providing retirement solutions for their members, rather than just looking after accumulation.
Industry figures are awaiting the outcome of Treasury’s Quality of Advice Review, along with insights into how success will be measured in the principles-based approach of the Retirement Income Covenant.
New modelling from HESTA shows key policy reform to pay super on paid parental leave will significantly increase retirement savings.
Jacki Ellis, head of retirement segment, Aware Super, Dr David Bell, executive director of The Conexus Institute and Julia Newbould, managing editor, Conexus Financial talk all things retirement income policy. We start with a brief history of retirement income policy, take a look at present retirement income policy and finally explore the principles-based approach of the Retirement Income Covenant which gives funds the flexibility to focus on the best outcomes for individual members despite challenges remaining in measuring success and providing tailored advice.
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A shift towards positive correlation between stocks and bonds is likely, and this phenomenon could persist for many years if history is a guide and this could lead to a “much more volatile world” for those trying to maintain balanced portfolios and may force investors to either raise their risk budgets or lower their return expectations, according to Dr Noah Weisberger, managing director at PGIM IAS group.
A shift towards positive correlation between stocks and bonds is likely, and this phenomenon could persist for many years if history is a guide and this could lead to a “much more volatile world” for those trying to maintain balanced portfolios and may force investors to either raise their risk budgets or lower their return expectations, according to Dr Noah Weisberger, managing director at PGIM IAS group.
Australia’s banking and company regulators will be working together to review the retirement income strategies of superannuation funds to support the implementation of the retirement income covenant that came into effect on July 1.
Almost a million Australians had their super fund accounts closed or almost cleaned out as a result of the Morrison government’s early release of super fund programs at the height of the Covid-19 pandemic in 2020, according to a new report by the Association of Super Funds of Australia.
Investing in the emerging markets has been rocked by geopolitical events and the ongoing effects of the Covid-19 pandemic. However, these fast-growing markets offer growth opportunities in the medium- to long-term and value in the short-term.
Outgoing APRA boss Wayne Byres has a penchant for bigger superannuation funds but the reality is when performance is measured, big is not necessarily better. In fact, being small often helps writes John Durie.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
