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Maintaining living standards in retirement

  • On June 11, 2019
On Wednesday, 5 June 2019, ASIC announced[1] that it had amended the relief conditions for superannuation and retirement calculators.  Specifically, ASIC has removed the requirement that superannuation and retirement calculators discount at a fixed rate of CPI – 2.5% – and instead encourages providers of these tools to use a higher rate that allows for […]

What is the right level of SG?

  • On June 5, 2019
Mandatory superannuation contributions have grown from the original 3% Award contributions of the 1980s to 9.5% and are legislated to get to 12% in 2025.  Yet, there has been little comprehensive analysis of the right level of Superannuation Guarantee (SG) contributions, nor any strategic work on the impact on the economy and member retirement outcomes.  […]

Retirement Planning in a disjointed system

  • On May 23, 2019
During the Federal election, the Coalition promised not to make any changes to superannuation in the term of the new Parliament.  Despite this promise and its re-election, this does not mean we will have a period of stability – the industry still must deal with the Protecting Your Super Package and the enhanced requirements of […]

Can individual Income Protection return to profit?

  • On May 8, 2019
The life insurance industry has been under constant attack for high commissions (Trowbridge report), and adverse consumer experiences with direct sales and poor value products (Royal Commission into Misconduct and ASIC REP 587).  Contrasting these consumer issues, is the poor profitability in many parts of the industry, which is concerning APRA. Following its thematic review […]
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