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Lifecycle Design – To and Through Retirement

  • On 03/12/2019
This paper was written by Richard Dunn and Michael Berg and presented at the 27th Colloquium on Pensions and Retirement Research on December 2, 2019. This paper investigates the connection between investment horizon and growth allocation within superannuation to establish how funds might better design solutions for the approximately 80% of members who adopt the […]

Interpreting the High Risk Occupation carve out under PMIF

  • On 02/12/2019
Almost immediately following the recent Protecting Your Super (PYS) changes, the Treasury Laws Amendment Putting Members’ Interests First (PMIF) Act 2019 was passed and requires default insurance to be opt-in for members with balances under $6,000 and new members under age 25 from 1 April 2020. Industry research has shown that the PYS opt-in rates […]

Time for action on Member Outcomes

  • On 18/11/2019
APRA Deputy Chair Helen Rowell’s address to last week’s ASFA conference was one of the most eagerly awaited events at the conference.  In it, and in information papers subsequently released by APRA, APRA has outlined the measures that it will publish in its MySuper heatmap.  APRA also published a sample version of the heatmap and […]

Are super funds’ investment menus appropriately designed for their members?

  • On 01/11/2019
Waves of investment menu reviews The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in April 2019 changes the game in product design and disclosure.  It requires many financial services organisations, including superannuation funds, to ensure that products are targeted and provided only to the customers for whom the […]

The ‘taper rate’ and retirement spending – what’s the connection?

  • On 17/10/2019
What is the ‘taper rate’ and when did it change? The taper rate is part of the assets test used to determine eligibility for the Age Pension.  Since 1 January 2017, a retiree’s annual pension is reduced by $78 for each $1,000 of assets above the relevant thresholds (before 2017, the taper rate was half […]
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