Our $2.7 trillion superannuation industry

On 14/12/2017

The September edition of APRA’s quarterly superannuation performance statistics appeared to show remarkable growth for the quarter. Assets were $2.5 trillion at 30 June 2017, which was $200b higher than the original stated figure of $2.3 trillion. The difference has arisen because of a change to accounting standards – specifically AASB 1056 Superannuation Entities. This […]

Sorting out Insurance in Super

On 07/12/2017

2017 has been a year with the most ever industry discussion on insurance in superannuation. The brand of life insurance has been tarnished by a succession of poor publicity, far outweighing the social good and valuable benefits provided to the community. In group insurance, the key focus has been on building a better experience for […]

Negative cashflows in a growth industry

On 30/11/2017

Superannuation assets grow steadily each year and are now about 140% of Gross Domestic Product (GDP). This is remarkable given they were about 10% of GDP 30 years ago. Yet, against this solid industry growth, many funds have been merged into other funds and others have stagnated – an incredible 46% of superannuation funds experienced […]

Expanding beyond superannuation without capital

On 27/11/2017

As the superannuation industry grows, more commentators want to see its assets used to support other parts of the economy. From time to time, people ask for super investments to be used in all sorts of capital-intensive activities, such as helping people to buy a home, or to fund health and aged care late in […]

Do retirees spend enough?

On 16/11/2017

Australian retirees are often labelled as double dippers who take a lump sum at retirement, spend all the money and then fall back on the Age Pension. This myth persists despite convincing evidence to the contrary. The fact is that around 85% of retirement benefits are taken as retirement income streams, mostly in account-based pensions. […]

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