income stream

CMSF

Women vulnerable in SMSFs

Those wishing to enter into a self-managed superannuation fund (SMSF) should have to meet a minimum balance under legislation, says HESTA chief executive Anne-Marie Corboy. Speaking at last week’s CMSF in Brisbane on the panel discussion A Long Way to the Finish Line, Corboy (pictured below) said women in particular are vulnerable when signing on […]
Unintentional

Super, apart from the REST

Jo Townsend, the chief investment officer at REST Industry Super, says the fund tries not to get caught up in the day-today noise of investment markets. REST is not only investing according to a long-term horizon, it’s willing to depart from the pack when making investment decisions. “Our fundamental investment belief is that it is […]
Retirement

Deconstructing the lotto mentality

Australia’s “lump-sum” mentality when it comes to superannuation is a key challenge for government and industry, says Nick Sherry, senior adviser to Citi, arguing that the system is need of a significant change in parameters. “Australia is the land of the lump sum. I call it the lotto mentality,” he tells IM Online. “The classic […]
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 […]