Fix lifecycle, don’t scrap it

  • On September 5, 2018
Lifecycle products were developed in Australia following the market downturns in the Global Financial Crisis (GFC).  Some members approaching retirement had a reduction of 20% of their superannuation benefit and the new products were designed to reduce the loss for members experiencing similar events in the future. Some members did not understand the asset allocation […]

Fees versus Value

  • On August 16, 2018
Superannuation fees have long been a contentious issue for our industry. In 2003, the then Labor Shadow Minister for Retirement Incomes and Savings, the Honourable Nick Sherry, suggested that superannuation fees, then averaging 1.37% of assets, be capped at 1% of assets bringing the discussion to the forefront.  At the time this seemed an ambitious […]

The Age Pension in the 21st Century

  • On May 23, 2018
In 1998, Michael Rice wrote a Paper for the Institute of Actuaries of Australia, The Age Pension, Our Unstable Pillar. At the time, the superannuation system was beginning to settle down after 15 dramatic years of frequent changes to the rules and taxation of occupational benefits.  However, the mandatory Superannuation Guarantee (SG) system was in […]

Investment Platforms – Technology’s new Pandora’s Box?

  • On May 3, 2018
Since the turn of the century, improvements in technology have redefined the way people work, rest and play.  As a result, investors now expect a seamless and integrated experience when interacting with financial markets. Fortunately, providers have adapted to these expectations giving rise to increased accessibility of information, readily available financial advice and improved functionality […]

The Future of Financial Advice

  • On April 24, 2018
Financial advice is advice provided to an individual or family to assist them to grow, manage and protect their wealth.  It includes strategic advice, recommendations about suitable investment classes, appropriate products (investments, superannuation and insurance) as well as explanation of the impact of legislation, taxation and other external factors on the individual’s financial position.  Advice […]
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