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Preparing for a market downturn

  • On 27/09/2018
The behaviour of stock markets is unpredictable as sentiment plays a big part in short-term price movements.  When people are upbeat about the economy, prices often rise exuberantly; when the market turns down significantly, it is usually fast and without notice.  So, while we can say that investment markets follow a cyclical pattern, no one […]
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Fix lifecycle, don’t scrap it

  • On 05/09/2018
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 […]
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Fees versus Value

  • On 16/08/2018
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 […]
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Submission in response to the PC’s draft report

  • On 31/07/2018
This submission is in response to the Productivity Commission’s (PC) draft report for Stage 3 of its inquiry into Superannuation: Assessing Efficiency and Competitiveness. Given our previous submission, our attendance at the recent public hearings, and our support for submissions lodged by other parties, we have not in this submission sought to add greatly to […]
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