From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to affirm the status quo”....
This is a very very good thing. I want to be clear that I support this 100%.
The irony is that while this review has been pushed by certain realms of politics and the retail super funds for some time, less member money going out to unions will mean the Industry Funds will wipe the floor with the retail funds in an even bigger way. Classic case of "be careful what you wish for" I reckon. Yeah, I know all the mark-to-market arguments...the problem with that is even after historical mark-to-market adjustements, the Industry Funds still absolutely hammer the retail funds in terms of performance.
An overdue and necessary stop to member money being paid to unions will ultimately mean more misery for the useless retail funds who (let's face it) really only exist to pilfer member funds in order to pay obscene salaries and bonuses to executives and investment managers...