What can we expect from the Retirement Income Review?

  • On 24/07/2020
Today, the Treasurer will receive the 600+ page report of the Retirement Income Review (“Review”). The brief for the Panel is “to establish a fact base of the current retirement income system that will improve understanding of its operation and the outcomes it is delivering for Australians”.  The Panel has been asked to identify: how […]

What APRA funds can learn from SMSFs in building a retirement solution

  • On 10/07/2020
Overdue retirement reform In a few weeks, the Retirement Income Review will provide its voluminous report to the Treasurer.  The report will be a catalyst for setting and implementing a sensible framework for retirement incomes. Since the Financial System Inquiry recommended the introduction of Comprehensive Income Products for Retirement (CIPRs), there has already been significant […]

Target earnings for super funds over the next decade

  • On 24/06/2020
Market dislocation Last year as global share markets neared their peaks, we questioned whether superannuation funds could continue to meet their target returns over the next decade¹.  We also suggested funds communicate likely lower returns with their members.  This is particularly relevant for those members within 10 years of retirement, as they are likely to […]

Is reforming tax on super the way forward?

  • On 22/05/2020
The path to reform Last September, the government set up a review into the retirement income system, in response to a recommendation made by the Productivity Commission.  It will cover the progress of the system after 25 years of mandatory contributions (known as SG) deducted from wages, and how the system is expected to perform […]

Liquidity needs of superannuation funds

  • On 01/05/2020
The superannuation industry has had phenomenal growth over the last 30 years, much of it attributable to the increasing mandatory employer contributions (now sitting at 9.5% of wages).    Our Superannuation Market Projections Report 2019 showed that industry assets grew by nearly 10% a year in the decade to June 2019.  Although this rate is unsustainable […]
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