The Senate Select Committee on Superannuation is conducting a new inquiry into planning for retirement, aimed at finding ways to assist people, especially older people, in planning for retirement.
Among the areas the inquiry will examine are the effects of ageing on workers’ productivity, the continuing relevance of the concept of a fixed retirement age and the potential to encourage progressive transitions from work to retirement.
It will also investigate the scope for older workers to access their super to finance retraining so that they can continue working but in areas more suitable for older people and the short- and long-term effect on the Budget of any proposals for change.
Submissions to the inquiry are due by February 14 and the committee will report back by June 26.
The responsible investment body is warning that a one-size-fits-all ESG framework mirroring those in the UK and the EU could do more harm than good.
Australian super funds are monitoring the US closely as President Donald Trump increasingly intervenes in corporate policy, moves that are reverberating through global markets and prompting reassessments of portfolio risk.
Industry fund HESTA has filed an appeal against an ATO decision on tax offsets from franking credits, with the Australian Retirement Trust set to file a similar claim soon.
The latest superannuation performance test results have shown improvements, but four in 10 trustee-directed products continue to exhibit “significant investment underperformance”, warns APRA.