David Knox

Post-Retirement

A global call for more equitable tax breaks in super

A wake-up call for governments worldwide on the need to tackle a looming shortfall in retirement savings has been made by the Global CFA Institute. Using research taken from the Melbourne Mercer Global Pension Index, a CFA report entitled An Ideal Retirement System calls for a more sustainable and equitable distribution of tax breaks as […]
Post-Retirement

Mercer launches game changer for annuity market

Mercer is applying for a global patent for a group self-annuitisation product that already has three major super funds signed up for launch in 2015. At a fee of 40bps the product is intended to provide better value for money than lifetime annuities where investment gains above the amount needed to meet guaranteed payments are […]
Investment Strategy

Australia eyes global shift to collective defined contribution

The global shift towards collective defined contribution (CDC) has gathered momentum after the UK government announced its intention to remove legal impediments to their set up last week. In March, Unisuper asked the Financial System Inquiry to consider how the best features of pension systems in the Netherlands and Canada could be emulated in Australia, […]
Hedge Funds

Australia’s tax concessions rank low

New research from Mercer shows Australia’s after-tax retirement benefits are among the least generous when compared globally. The paper, Tax and Superannuation: Benchmarking Australia against the World’s Best Retirement Systems, also revealed that Australia’s concessional contribution caps, which Mercer says encourage long-term saving, are relatively low by global standards. The study, conducted from December 2012 […]