ASFA calls for reform of superannuation system

The Association of Superannuation Funds of Australia (ASFA) has called for fundamental changes to the superannuation system to put it on track to meet ASFAs 2050 goals: Cost of age pension and super tax expenditure to be less than 6% of GDP Less than 20% of retirees relying only on the age pension Retirees to… Continue reading ASFA calls for reform of superannuation system

Superannuation will not free people from the pension: Costello

Peter Costello has told the 2014 ASFA National Conference that most people will have to rely on both superannuation and the age pension in retirement. “Let us bear in mind that for most people, occupational superannuation will not free them from the pension,” Costello said. These were his personal comments, rather than in his position as Chairman… Continue reading Superannuation will not free people from the pension: Costello

FSC calls for national retirement income policy

John Brogden, CEO of the Financial Services Council, has announced that the FSC is going to begin work on a national retirement income policy. “We must embrace the opportunity and lead the debate on taking superannuation from a world class accumulation scheme to the world’s best retirement system”, said Mr Brogden. He went on to say… Continue reading FSC calls for national retirement income policy