Balance Super for Better
- On March 14, 2019
Last Friday was International Women’s Day and this year’s theme is to balance the scales to overcome gender inequality. There is now a global movement to seek to address past inequalities – communities now expect there to be a balance and will call out its absence and celebrate its presence. Unfortunately, despite industry efforts over […]
Impact of cleaning up multiple accounts
- On March 11, 2019
Most young superannuation members do not actively engage with their fund until their balances become meaningful. Passively, they let their Superannuation Guarantee (SG) contributions be paid to the default fund selected by their employer. As a result, when they change jobs, they often leave their old benefit behind. Over time, they collect membership in multiple […]
The age-old debate about the validity of commission payments
- On February 21, 2019
The purpose of commission Many industries pay commission to distributors of products. Manufacturers benefit from the variable cost – no sale, no payment – which can be built into the product’s price. Sales people also like commission as their income is not capped, and good ones can earn high levels of income. One of the […]
A focus on positive member outcomes
- On February 8, 2019
2018 was a challenging year for the Australian superannuation sector. There have been ongoing delays in implementing the Protecting Your Super Package (PYSP) from the Federal Budget and much anticipation over the release of the Productivity Commission and Royal Commission Reports. Prolonged uncertainty in the country’s leadership provided little guidance on the future. In contrast […]