Sensationalist headlines hurt retirement outcomes, warns ASFA

The Association of Superannuation Funds of Australia (ASFA) has refuted criticism of the Australian superannuation system, saying it is working by producing superior returns and reducing fees. ASFA said that “misleading analysis led to sensationalist newspaper headlines that only served to alarm Australians and detrimentally impact retirement outcomes,” without naming the newspapers. ASFA rejected that… Continue reading Sensationalist headlines hurt retirement outcomes, warns ASFA

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ASFA rejects Future Fund as better place for super savings

ASFA refutes claims that Australians would be better off if their retirement savings were invested in the Future Fund. Last month Peter Costello, Chair of the Future Fund and former Federal Treasurer, supported having a single national administrator for super savings, and suggested the Future Fund could do the job. However, according to the Future… Continue reading ASFA rejects Future Fund as better place for super savings

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Use tax refund to turbo charge super savings, says ASFA

Australians are being encouraged to boost their retirement savings with their tax refunds. The Association of Superannuation Funds of Australia (ASFA) said people could turbo charge their tax refund by contributing to super. “As tempting as it can be to splurge your tax refund on short-term indulgences, it really makes sense to set it aside… Continue reading Use tax refund to turbo charge super savings, says ASFA

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Australians need to act now to boost super savings – Super Booster Day

Australians are being encouraged to act now and start boosting their superannuation so they have enough for a comfortable retirement, as part of the 2017 Super Booster Day campaign. Money magazine and the Association of Superannuation Funds of Australia (ASFA) are encouraging Australians to “pay yourself forward” and pledge to contribute extra to super as part… Continue reading Australians need to act now to boost super savings – Super Booster Day

Super funds see digital as a must, but not investing in it

Superannuation funds see digital readiness as a must, but aren’t yet devoting resources to the area. A survey by the Association of Superannuation Funds (ASFA) Research Centre for Decimal Software found that 80% of the funds surveyed thought digital advice is an “absolute must” for engaging with members, but only 20% are investing in it.… Continue reading Super funds see digital as a must, but not investing in it

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ASFA calls for super policy stability, with modest changes, in 2017 Budget

The Association of Superannuation Funds of Australia (ASFA) is calling for today’s Federal Budget to deliver policy stability for the superannuation system, though with “modest changes”. ASFA CEO Dr Martin Fahy said superannuation, was an unqualified human good and an outstanding public policy initiative, like universal health care and free education. “Super is lifting Australian… Continue reading ASFA calls for super policy stability, with modest changes, in 2017 Budget

ASFA says there are no “alternative facts” on superannuation

Superannuation is the “main game in town” and any claims that other financial assets can do the “heavy lifting” in retirement need to be rejected, says Association of Superannuation Funds of Australia CEO Dr Martin Fahy. “ASFA strongly refutes any alternative facts about the significance of super,” he said, seemingly the latest volley in a disagreement with… Continue reading ASFA says there are no “alternative facts” on superannuation

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No further need to tinker with superannuation system, says ASFA

The Association of Superannuation Funds of Australia (ASFA) says there is no further need to “tinker” with the super system and calls for no more adverse changes to be made without a holistic review. ASFA CEO Dr Martin Fahy said the industry has been “inundated” with legislative change over the past decade, with major regulatory… Continue reading No further need to tinker with superannuation system, says ASFA

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New ASFA CEO appointment announced

Dr. Martin Fahy has been announced as the new CEO of the Association of Superannuation Funds of Australia (ASFA), effective 1 November. He replaces Pauline Vamos, who stepped down earlier in 2016, and Jim Minto, who has been Acting CEO. Mr Minto will continue as Acting CEO until November. “Dr. Fahy is currently a Partner in management… Continue reading New ASFA CEO appointment announced

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