Superannuation
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Superannuation
The superannuation & retirement market in Australia
Curated by Rob Dawson
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Why SMSFs are choosing lump sum payments | Nest Egg

Why SMSFs are choosing lump sum payments | Nest Egg | Superannuation | Scoop.it
The number of Aussie SMSFs choosing lump sum payments has “spiked”, and it’s probably to do with this piece of 2017 legislation, a superannuation consultant has said.  The first quarter of 20...
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Commonwealth Bank, Education Department deny request for information about payments - ABC News (Australian Broadcasting Corporation)

Commonwealth Bank, Education Department deny request for information about payments - ABC News (Australian Broadcasting Corporation) | Superannuation | Scoop.it
The Commonwealth Bank spends millions to get access to students in classrooms around the country, but the Queensland Education Department says it is contrary to the public interest to reveal how much it receives from the company.
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The 5 moments you could use a financial planner | Nest Egg

The 5 moments you could use a financial planner | Nest Egg | Superannuation | Scoop.it
Despite the Royal Commission’s disturbing revelations, there will “always be a place for quality advice”, and especially at these five key moments, HLB Mann Judd has said.According to wealt...
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Aged care gets $1.6bn in budget package for older Australians and pension bonus increase | Australia news | The Guardian

Aged care gets $1.6bn in budget package for older Australians and pension bonus increase | Australia news | The Guardian | Superannuation | Scoop.it
Pilot project targeting ‘loneliness’ and those at risk of isolation among Turnbull government’s measures...
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Funds owned by big four busted paying customers up to 75 per cent LESS than the market rate | Daily

Funds owned by big four busted paying customers up to 75 per cent LESS than the market rate | Daily | Superannuation | Scoop.it
Superannuation funds owned by the big four banks are reportedly boosting their own revenue by paying out cash returns to customers up to 75 per cent less than the market rates.
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This Is What Life Without Retirement Savings Looks Like

This Is What Life Without Retirement Savings Looks Like | Superannuation | Scoop.it
Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades.
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Should you retire your debt before retiring? - The

Should you retire your debt before retiring? - The | Superannuation | Scoop.it
Consider whether it makes sense to continue to carry your mortgage in retirement given recent changes in tax law.
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Flexibility around the date of your retirement - Cuffelinks

Flexibility around the date of your retirement - Cuffelinks | Superannuation | Scoop.it
Superannuation is a good long-term savings vehicle, but it comes with restrictions on contributions and lack of access to money. Retirement savings may be supplemented by other tax-effective structures.
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Japan plans to raise pension age beyond 70 | News | DW | 17.02.2018

Japan plans to raise pension age beyond 70 | News | DW | 17.02.2018 | Superannuation | Scoop.it
The Japanese government has approved plans for raising the optional age for drawing public pensions to 71 or older. It is trying to grapple with labor shortages, ballooning welfare costs and an ageing population.
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Wells Fargo loses a big client after dialing up risk in its target-date retirement funds

Wells Fargo loses a big client after dialing up risk in its target-date retirement funds | Superannuation | Scoop.it
After Wells Fargo decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy
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Sleepwalking into a scandal over pensions

Sleepwalking into a scandal over pensions | Superannuation | Scoop.it
The regulator has ruled out a ban on transfers out of final-salary pension schemes, says David Prosser. That could lead to problems later down the line.
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We'll live longer but suffer more ill-health by 2035, says study

We'll live longer but suffer more ill-health by 2035, says study | Superannuation | Scoop.it
Number of old people suffering from four medical conditions to double in less than 20 years, researchers claim
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Everything you think you know about welfare is wrong

Everything you think you know about welfare is wrong | Superannuation | Scoop.it
The government spends $167 bn on welfare and student payments. But how much of that is on the dole?
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Commonwealth Bank to raise $25m from extra super fund slug

Commonwealth Bank to raise $25m from extra super fund slug | Superannuation | Scoop.it
CBA will help raised a quarter of $100m by charging superannuation members fees, to cover the bank's cost of complying with regulation.
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Hospitality workers forced to chase millions in unpaid superannuation - ABC News (Australian Broadcasting Corporation)

Hospitality workers forced to chase millions in unpaid superannuation - ABC News (Australian Broadcasting Corporation) | Superannuation | Scoop.it
The culture of cash payments in the hospitality business leaves long-term workers with little or no superannuation.
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Fintech Acorns has changed its name to Raiz Invest | Business Insider

Fintech Acorns has changed its name to Raiz Invest | Business Insider | Superannuation | Scoop.it
Fortitude Press / Barcroft Images / Barcroft Media via Getty Images Acorns, the app which invests loose change, will now be called Raiz Invest in Australia. The move follows the purchase by an Australian company of the local arm from Acorns’ US parent. More than 460,000 people have signed up to the app since launching in Australia in 2016. Acorns Australia, the app which uses small change to invest, has rebranded as Raiz Invest. The move follows the announcement that Instreet Investment Limited, an Australian asset manager with $500 million under management, had taken a controlling stake in the local arm of the micro-investing app which started in the US in 2012. The app can be set up to take one-off or recurring investments or use spare change, rounding up purchases and investing the difference. For example, if you spend $8.50 on lunch, Acorns will invest 50 cents. From today, users will be prompted to update their Acorns Australia app, after which they will see the new Raiz Invest brand, logo and colour scheme. The website will also reflect the new name and branding. “After our recent agreement with Acorns, we felt a new name was an important step forward,” said George Lucas, Raiz Invest managing director. “The change reflects our new autonomy and our ability to move quickly to develop and implement product improvements that are responsive to our customers in the Australian market. This resulted in our recent announcement of the introduction of a superannuation product. Image: Supplied. “Whilst our users will not notice any immediate difference to the way the app works, they will start to notice a product that becomes more tailored to their unique needs, with changes based on the feedback they share.” More than 460,000 people have signed up to the app since launching Acorns Australia in 2016. “Whilst our name has changed, our commitment to improving the financial confidence and literacy of Australians remains the same,” says Lucas. “In the coming months we’ll continue to share improvements and bring new products to market that help our customers save in the background of life. RAIZ Invest Limited is the parent of RAIZ Invest Australia limited, previously known as Acorns Grow Australia Limited. Acorns Grow Australia Limited had been a joint venture between Instreet and US-based Acorns Grow Incorporated. NOW WATCH: Money & Markets videos Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.
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Five types of retirement ~ Get Rich Slowly

Five types of retirement ~ Get Rich Slowly | Superannuation | Scoop.it
As you probably already know, I’m a nerd. I’m such a nerd that during my spare time I like to read books about money. But more and more, regular personal-finance manuals aren’t enough. I crave something nerdier! And so, I’ve begun to research the history of retirement. Right now, I have four or five books […]
The post The five types of retirement appeared first on Get Rich Slowly.
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'The not so golden years' — a quarter of retired Canadians in debt, survey suggests - Business

'The not so golden years' — a quarter of retired Canadians in debt, survey suggests - Business | Superannuation | Scoop.it
A "worry-free retirement" may be a thing of the past, according to a new Sun Life Financial survey, which finds that a quarter of retired Canadians are in debt in their golden years.
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Why you should scrap the 'hold as many bonds as your age' rule

Why you should scrap the 'hold as many bonds as your age' rule | Superannuation | Scoop.it
As retirement stretches for longer, it's more important than ever to get your pension investments right.
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Huge pension fund deficits are a global crisis in waiting

Huge pension fund deficits are a global crisis in waiting | Superannuation | Scoop.it
The 20 largest OECD countries alone have a US$78 trillion shortfall in their pensions obligations.
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Home care and how it works

Home care and how it works | Superannuation | Scoop.it
In February last year home care packages underwent major reform, giving consumers greater choice and control over their home care package funds. But with that increased choice comes increased responsibility.
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Super funds: Putting it off for 10 years can cost young people $100k

Super funds: Putting it off for 10 years can cost young people $100k | Superannuation | Scoop.it
YOUNG people are making a huge mistake when it comes to securing their future — and no, it isn’t eating an excess of smashed avocado.
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The 2018 Treasury Bond Bear Market?

The 2018 Treasury Bond Bear Market? | Superannuation | Scoop.it
Brian Romanchuk, publisher of the Bond Economics blog, wrote a comment over the weekend, The Highly Predictable Treasury Bond Bea
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Best Robo Advisors of 2018 | Automate Your Investing

Best Robo Advisors of 2018 | Automate Your Investing | Superannuation | Scoop.it
A robo advisor can make it easy to invest in an IRA or taxable account. But how do you choose? Here's our 2018 list of the best robo advisors for your money.
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