garcia

Opinion

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: The facts of retirement

There can be no doubt that big data is a big part of superannuation these days. At AIST’s recent Conference of Major Superannuation Funds held last month on the Gold Coast, the potential for the mining of data to revolutionise and disrupt our industry was an ongoing theme across the conference’s 66 sessions. But when […]
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 […]