Age Pension

Hedge Funds

Outflow of capital as superannuation heads to 200% of GDP

With the superannuation system projected to reach 200 per cent of GDP in the next 20 years capital will increasingly flow out of the country as super funds seek investment opportunities overseas, according to Deloitte. From a macroeconomic perspective this will compound the problems brought about by an ageing population, particularly as the old-age support […]
Investment Strategy

The $1 million super ‘myth’

Claims that super balances of $1 million or more were needed for a comfortable retirement are causing unnecessary fear and concern among many older Australians, AIST and AustralianSuper have said. An AIST and Vilder Policy and Research (VPR) paper, entitled ‘Busting the $1 million retirement myth’, has been published to “debunk the myth that $ […]
Industry View

AIST viewpoint: budget hits median income earners

Statistical analysis of the Budget changes to super show the Government has cut back on overall fairness to all Australians in terms of tax concessions. Ton Garcia, chief executive of the Australian Institute of Superannuation Trustees explains why.   Last month this column examined the issue of fairness – or to be more precise – […]
Industry View

AIST viewpoint: Ensuring super is on the right track

One of the more sensible recommendations from David Murray’s Financial System Inquiry is to enshrine the purpose of superannuation in legislation. Despite our compulsory super system having been around for more than 20 years, there is still no clear consensus on the key objective of super. There is a broad understanding that super is about funding retirement, but to what extent is it meant […]