Retirement advice a “huge opportunity” for SMSF professionals

retirement advice, smsf, superannuation professionals, Accurium, Class CUP Connect conference 2016A growing need for retirement advice presents an opportunity for SMSF professionals.

“As SMSF practitioners there is a huge opportunity here for you to service clients’ needs in retirement,” Accurium CEO Tracy Williams told attendees at the 2016 Class. CUP. Connect conference.

“Over half of all SMSF members are of an age that they could be retired.”

According to ATO statistics 250,000 more SMSF members will be eligible to receive a pension over the next ten years.

“Over 70% of all SMSF members who walk through your door might be interested in services you can offer them about obtaining confidence and security in retirement.” Read more...

Most SMSF members “well placed” for comfortable retirement: research

Most SMSF members well placed for comfortable retirement, research finds, Accurium, SMSF Association, SMSF Retirement Insights: Are trustees prepared for retirement?Most SMSF members are well placed to be able to afford a comfortable retirement, according to new research.

Despite the current economic outlook most SMSF members “can be reasonably confident of affording a comfortable retirement,” according to joint research by actuarial and retirement firm Accurium and the SMSF Association, titled SMSF Retirement Insights: Are trustees prepared for retirement?

The research, the fifth in Accurium’s Retirement Insights series, found that SMSF couples over the age of 57 with a median balance can be reasonably confident, defined as 80%, of being able to afford the ASFA ‘comfortable’ retirement standard – currently $58,922 per annum for a couple. Read more...

Accurium sets out strategies to boost SMSF retirement incomes

Accurium SMSF Retirement Insights report, Pension strategies for SMSF retirees, retirement incomeAnalysis by Accurium sets out three strategies for SMSFs to boost retirement incomes: income bucketing, income layering and where to set the safe withdrawal rate.

The analysis, contained in the latest Accurium SMSF Retirement Insights report: Pension strategies for SMSF retirees, indicates using an ‘income bucketing’ strategy can produce a 5% higher median balance over a ten year period compared to a traditional balanced portfolio.

“Income bucketing or bucketing, segments assets into different buckets for short and long-term investing,” said Accurium. Read more...

Australians are living longer: Australian Life Tables

Australian’s are living longer than previously, according to the most recent Australian Life Tables.

Accurium, the retirement and actuarial services company, says the Australian Life Tables 2010-2012 show “Australians born today are expected to live longer (on average) than those born five years earlier.”

Accurium launches retirement healthcheck for SMSFs

Accurium retirement healthcheck, SMSFsAccurium, formerly Bendzulla Actuarial, has launched a “pioneering” SMSF retirement risk assessment service.

This new service, retirement healthcheck, is an “interactive tool” for accountant and other SMSF professionals to assist their clients.

“The retirement healthcheck enables accountants and practitioners to add value by enabling clients to assess the risk that their retirement plan will succeed or fail,” said Accurium.

SMSF members “well-placed” for comfortable retirement

comfortable retirement: report - AccuriumSMSF members are “well-placed for a ‘comfortable’ retirement’,” according to the SMSF Retirement Insight: Retirement Adequacy report released by Accurium, formerly Bendzulla Actuarial.

“While many people may fear the prospect of outliving their super, most SMSF members don’t need to worry, because they stand a very good chance of enjoying a ‘comfortable’ retirement,” said Accurium CEO Tracey Williams.

According to the report the “typical 65 year old SMSF couple” would be able to fund a retirement at ASFA’s ‘comfortable’ retirement definition of with a “high degree of confidence that they won’t run out of money.” Read more...