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 ...
Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....
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 ...
Wouldn't an illegal scheme designed to syphon retirement savings from super funds to the unions require a collusion between government agents?
For example, APRA helped write the Superannuation Industry (Supervision) Act legislation that protects superannuation accounts that become exposed to "fraud" in the system. The legislation applies only to the APRA regulated funds. Therefore the safe superannuation option is the APRA regulated funds and consequently most Australians are herded into the APRA regulated funds. The illegal scheme designed to syphon retirement savings from super funds occurs in the APRA regulated funds.
How would superannuation account holders react if the knew how much money was siphoned from their personal fund? Luckily they won't find out as earlier this year, Assistant Treasurer and Minister for Financial Services, Stephen Jones MP endorsed non-disclosure legislation so the amount remains hidden.