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How short-termism cruelled a sustainable superannuation taxation policy

  • On 29/04/2015
Fiscal balance sheets looked very different in 2007 when former Treasurer Peter Costello introduced tax-free super to the nation in July that year. The Budget was in surplus, allowing the then Howard government the latitude to hand back taxes (and win voter favour). Soon afterwards, the GFC hit and Australia began a spiral of ever […]
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New analysis shows our ‘lump sum culture’ is an exaggeration – Colonial First State Income Stream Index launched

  • On 29/04/2015
More than $80 of every $100 paid as a retirement benefit is taken as a pension, refuting the accepted view that Australia has a strong ‘lump sum’ culture….
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Andrew Main, Senior Business Reporter, The Australian, interviews Michael Rice, CEO Rice Warner. “Pressure on retirement savings as Aussies live longer”

  • On 27/04/2015
Ten years ago a 61-year-old man in Australia could expect to live another 20.84 years — just short of 82 years. That number has now jumped by 1.7 years in the space of a decade.
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Why standardised fee disclosure for MySuper accounts is lacking

  • On 15/04/2015
One of the key features of the development of MySuper products was the setting of standard rules for all default superannuation funds accepting mandatory employer contributions. The goal of the legislation was to simplify fees so that members can see what they pay. It also was designed to enable a fund member to compare his […]
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Beyond Trowbridge: the future for life insurance commissions

  • On 01/04/2015
The Trowbridge Report, Review of Life Insurance Advice, was commissioned by the FSC and AFA to respond to ASIC’s Review of Retail Life Insurance Advice (October 2014).The theme of the report is to improve the alignment of interests across the life insurance value chain, taking into account the life insurer, the licensee (dealer group), adviser […]
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