POWERED BY MOMENTUM MEDIA
Allow super pooling, says research
Female workers would be assisted if couples were allowed to pool their superannuation fund balances, according to new research undertaken by Super Review.
A survey undertaken by Super Review during the Conference of Major Superannuation Funds (CMSF) in March canvassed the fact that women and carers were at a disadvantage within the superannuation system and ways in which they might be helped.
Asked what they believed would help address the superannuation disadvantage of women and carers, most respondents supported pooling between couples.
The survey revealed that 43.3 per cent of respondents supported pooling, followed by 23.2 per cent who backed specific additional tax concessions and 20 per cent who believed a higher superannuation guarantee should be put in place in place for women.
Interestingly, in the context of the current Federal Election, there was strong support for removing the current Government’s superannuation guarantee time-table, with nearly 60 per cent respondents stating it should be increased to 12 per cent as soon as possible.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
