Superannuation

By Leith van Onselen The draft report of the Murray Inquiry into Australia’s financial system has taken aim at the efficiency, equity and sustainability of Australia’s superannuation system.

Cross-posted from Martin North’s DFA blog.

Cross-posted from Martin North’s DFA blog: Last week, the Future of Financial Advice regulations were tabled in Parliament, following the recently published Senatereview.

By Leith van Onselen Deloitte has released a new report, which argues that Australians need to begin contributing an extra 5.5% to 7.5% of their salary to super if they are to enjoy a comfortable retirement.

If you’ve ever wondered who it is that makes up MB’s 60k readers per week then here is your answer.

By Martin North, cross-posted from the Digital Finance Analytics Blog In an interesting speech yesterday Dr David Gruen Executive Director Macroeconomic Group presented some startling data to the assembled company at the CEDA State of the Nation 2014 event.

By Leith van Onselen Senior Australian Treasury official, Dr David Gruen, has today slammed Australia’s sky high superannuation fees, which cost members some $20 billion last year and are around three times greater than those prevailing in the United Kingdom.

By Chris Becker The self-managed super sector continues to outperform the so-called “pros”, according to NAB with average yearly returns (after fees) hovering near 7% compared to 4% From SMSF Advisor Online: A NAB analysis has demonstrated SMSFs outperformed APRA-regulated funds between 2005 and 2012.

By Leith van Onselen Do yourself a favour and head over to Eureka Street to read Brian Toohey’s latest article, Super’s Evil Empire on Shaky Ground.

By Leith van Onselen The AFR is running a couple of articles today on the strong rise of self-managed super fund (SMSF) investment in property, which has exploded since the former Howard Government legislated in 2006 to allow SMSFs to borrow money to purchase assets under limited recourse conditions (i.e.

By Leith van Onselen Federal Labor are a shemozzle.

Over the weekend, the Grattan Institute released a new report into super gouging.

By Leith van Onselen Being a Budget commentator is never dull.

Alan Kohler is in good form today demanding the Coalition dump its entire FoFa reform platform.

By Leith van Onselen Perpetual chief executive, Geoff Lloyd, has today backed calls for the superannuation guarantee (compulsory superannuation) to be raised to 15% from 9% currently, citing that it would help bolster Australian incomes in retirement.

By Leith van Onselen The Australian superannuation industry appears to be lobbying for the indexation of superannuation contribution limits, which would enable contributions to rise in relation to wages growth.

Cross-posted from DFA Blog APRA today released its quarterly superannuation statistics.