A slowdown in wages growth, driven in part by a suppression of wages, has planted a $100 billion time bomb in the superannuation system, warns a new report from the Australia Institute. The Australia Institute says a key factor behind the record slow wages growth in Australia is the “aggressive measures implemented by employers in… Continue reading Suppression of wages has planted time bomb in superannuation system
The superannuation system is on track to serve its purpose as it matures, according to a report released jointly by Vanguard and Sunsuper. “Having grown from modest beginnings to near-universal coverage of the working population and over $2 trillion in assets over the past 30 years, the system is on its way to reaching maturity… Continue reading Superannuation system is delivering on core purpose: Vanguard/Sunsuper
SuperRatings has found “little correlation” between the size of a superannuation fund and the net benefit to members.
Research by the Association of Superannuation Funds of Australia (ASFA) says compulsory superannuation has wider economic benefits beyond providing for retirement.
Research by think tank Per Capita shows that higher superannuation contributions and increased superannuation tax concessions have the most public support as ways to fund longer retirements. “Retirement income policy has become increasingly contested in recent years. The debate has unfolded along several dimensions: fiscal sustainability, adequacy of incomes given longer lives, and the fairness of… Continue reading Public support for higher super tax concessions, survey shows
Roy Morgan Research says superannuation needs to be considered as part of total wealth, at a time when most people are not engaged with planning for retirement. Recently released conducted by Roy Morgan shows that only 35.8% of respondents said they “should do something about planning my financial future”. Only 29.4% answered “I have planned enough… Continue reading Superannuation needs to be considered as part of total wealth
An Australian superannuation fund has received the top global ranking for management of climate change risk. The Local Government Super fund regained the top ranking in the 2014/15 Asset Owners Disclosure Project (AODP) Global Climate 500 Index. The index rates some of the world’s largest asset holders, including pension funds, insurance funds, sovereign wealth funds, foundations… Continue reading Australian super fund #1 globally for climate change risk management
Regulation will be a dominant factor in the future of the superannuation industry. This is a finding of the joint report by the Australian Institute of Superannuation Trustees (AIST) and BNP Paribas Securities Services: 2025: What will the superannuation industry look like in a decade? 40% of respondents said that regulatory change will be the… Continue reading More regulation is the future of the superannuation industry
The 2015 BDO Tax Reform Survey has found over a third of respondents think the superannuation contribution caps are inconsistent with the purpose of superannuation. The fourth annual BDO Tax Reform Survey finds that “Australians are tired of waiting and want the Government to get on with the business of reforming Australia’s tax system.” 67.4% of… Continue reading Superannuation needs reform: BDO Tax Reform Survey 2015
Superannuation is projected to continue to grow as the baby boomers shift from accumulation to retirement, while SMSFs stabilise. This growth is both in terms of funds under management and proportion of GDP, according to research and advice firm Rice Warner. This should provide trustees with confidence that (collectively) funds will have strong liquidity and… Continue reading Superannuation to continue to grow as boomers retire