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Addressing superannuation underinsurance

  • On 28/04/2016
What can superannuation funds and their members do to reduce Australia’s significant and persistent underinsurance gap? This is a critical question given that superannuation funds provide about three-quarters of life insurance cover in terms of policy numbers and the high level of underinsurance in Australia. (Rice Warner INSIGHTS, April 20.) A couple aged 40 with […]
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Insurance through superannuation

  • On 20/04/2016
Rice Warner research highlights the extent that superannuation funds are critical to providing life insurance cover for a high proportion of employees. Our statistics show that more than 70% of Australian life insurance policies – more than 13.5 million separate policies – are held through superannuation funds. Each year, there are about 17,000 disability benefits […]
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Superannuation objectives

  • On 13/04/2016
Objective(s) of superannuation Rice Warner is broadly supportive of the Financial System Inquiry’s (FSI) recommended primary and subsidiary objectives of superannuation but with some reservations and suggestions. We suggest that the primary objective is extended to cover “adequacy” of retirement income and point to the significant omissions in the subsidiary objectives of the roles of […]
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Objective of Superannuation Submission

  • On 13/04/2016
This submission has been prepared by Rice Warner as a response to the Discussion Paper, Objective of Superannuation, issued by Treasury on 9 March 2016. The Financial System Inquiry (FSI) recommended, that the primary objective of superannuation be: To provide income in retirement to substitute or supplement the Age Pension The Government has accepted this […]
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Strategies for Surging Retirement Dollars

  • On 06/04/2016
There is a mammoth demographic change now taking place in superannuation as waves of baby boomers near or enter retirement. Rice Warner forecasts that the industry fund sector will be major beneficiaries as its share of superannuation retirement assets will multiply more than seven times over the next 15 years from just 2.5% to almost […]
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