Game changer for super – again!

On 29/03/2017

In the dead of night while the foxes were eyeing the hen house, the Productivity Commission (PC) released its draft report on alternate default fund models for superannuation. The PC starts with the claim that the current superannuation system is inefficient and default members would be much better off with a different structure. This theme […]

The cost to government of using superannuation for a home deposit

On 17/03/2017

Universal superannuation was first provided to most Australian employees through industrial awards from 1986 and then via the SG from 1992. The original benefit “award super” was provided in lieu of a national increase in wages. Many members have wanted to get their hands on their deferred pay and there have been constant calls to […]

In defence of the SMSF investor

On 09/03/2017

Although the SMSF segment only holds 1.1 million (4%) of the 29.7 million superannuation accounts, they represent about 30% of the assets within the superannuation system with around half of these assets in the retirement phase. The number of SMSFs continues to rise, albeit at a lower rate. Rice Warner projects the market share of […]

How consolidation will shape the industry

On 23/02/2017

Each year Rice Warner’s Superannuation Market Projections Report comments on the level of consolidation that has occurred in the industry. The decade leading to 2016 has seen the industry, not including SMSFs, shrink from 872 funds to 244 – a fall of 72% in just 10 short years. Table 1: Number of funds There are […]

Gearing for growth – investing in member engagement

On 16/02/2017

Rice Warner has released its sixth edition of its Superannuation Expense Benchmarking survey which provides our key insights on industry trends and drivers of change. There continues to be a market wide focus on investing to improve member engagement via education, advice services and data analytics, while at the same time, funds are positioning to […]

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