Investment consultants are being spread thinner across an increasingly broad base as super funds are forced to share the top minds with wealth managers, charities, universities and anyone else with a knowledge gap to fill.
UniSuper is to launch a comprehensive income product for retirement within two years that will give members the flexibility to dial up or down income. The flexibility recognises the changing needs of members in retirement, a freedom it will also extend to the accumulation phase by offering the flexibility to members to exchange some of […]
Australian superannuation funds achieved the fourth highest growth rate of funds under management worldwide between 2009-2014, according to Towers Watson. Only Chinese, South Korea and Norwegian pension funds achieved higher growth rates when measured in US dollars, while Australia overtakes Norway to move third when assets are measured in local currency. Chinese funds grew an […]
The use of online planning tools with stochastic models has exposed the wide variety of income and investment options individuals can take in retirement. When applied to the rules of thumb commonly used in retirement, these tools are starting to show that many of our hunches and biases for how we should save, spend and […]
The creators of the most advanced program to calculate optimal investment and consumption strategies for retirees are to make a public demonstration of their work in Melbourne on June 1. David Schneider, head of research at UniSuper, plus Paul Newfield and Jeffrey Chee, both senior actuaries at Towers Watson, will speak at an Actuaries Institute […]
A revolutionary program that offers robo-advice on optimal investment plans for individuals could change the face of retirement offerings for superannuation funds. The model, which has been created by three actuaries, factors in detailed statistics on investment, health and mortality, alongside personal data on wealth, income requirements and risk preferences. The multiple inputs have been […]