Changes to the Assets Test affecting Age Pension eligibility are top of mind for financial advisers seeking technical and strategic support, according to Challenger.
The investment management firm found the top three queries during the December 2015 quarter were:
Challenger general manager for advice services, John Carnevale, said "social security continues to be top of mind for advisers and their clients considering that around 75 per cent of Australians 65 and up qualify for at least a part Government pension to supplement their income".
"It's no surprise then that advisers are seeking clarification and support around how their client's strategies and potential Age Pension eligibility will be impacted by the changes," Carnevale said.
"More than anything, it's about being in a position to inform clients, have a conversation about what the changes mean and manage you clients' ongoing expectations."
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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