Digital Finance Analytics (DFA) Blog
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The Superannuation system is not fit for purpose, as many are finding out as balances decline, while fees do not but forced contributions increase. So today we look at data provided by APRA on fund performance (down more than 4% in the quarter to June 2022, and further now). And we feature an important contribution … Continue reading “Superannuation: Trick Or Treat? [Podcast]”
The Superannuation system is not fit for purpose, as many are finding out as balances decline, while fees do not but forced contributions increase. So today we look at data provided by APRA on fund performance (down more than 4% in the quarter to June 2022, and further now). And we feature an important contribution … Continue reading “Superannuation: Trick Or Treat?”
I was joined by Sam Kerr from Nucleus Wealth as we discuss the important changes to Superannuation. You can see Sam’s article on this here: https://nucleuswealth.com/articles/8-quick-things-you-need-to-know-about-the-new-superannuation-rules/ The latest edition of our finance and property news digest with a distinctively Australian flavour. Go to the Walk The World Universe at https://walktheworld.com.au/
Workers overwhelmingly pay for increases in compulsory superannuation contributions through lower wages, a new Grattan Institute paper finds. No free lunch: higher super means lower wages uses administrative data on 80,000 federal workplace agreements made between 1991 and 2018 to show that about 80 per cent of the cost of increases in super is passed to … Continue reading “Higher superannuation means lower wages: Grattan”
We look at a global study of superannuation (pensions) and see where Australia stands, and also discuss the elephant in the room – poor returns in a low rate environment. https://www.monash.edu/business/monash-centre-for-financial-studies
We look at a global study of superannuation (pensions) and see where Australia stands, and also discuss the elephant in the room – poor returns in a low rate environment. https://www.monash.edu/business/monash-centre-for-financial-studies
Slater and Gordon has today filed a class action against AMP on behalf of over two million Australians, via InverstorDaily. The class action is the second to be filed by Slater and Gordon as part of its Get Your Super Back campaign that kicked off following the Royal Commission. The first class action launched by … Continue reading “Superannuation class action filed against AMP”
APRA has identified a number of areas where superannuation providers are falling short of their regulatory obligations, particularly when it comes to managing conflicts of interest, via Investor Daily. A review of APRA’s 2013 superannuation prudential framework has found it met its original objectives but must keep evolving to ensure members’ interests are protected. APRA … Continue reading “APRA Report Identifies Superannuation Failings”
The Commission has announced that the fifth round of public hearings will be held in Melbourne at the Owen Dixon Commonwealth Law Courts Building at 305 William Street from Monday 6 August to Friday 17 August 2018. Looks like it will be another interesting ride! The evidence of the regulators will be interesting. This round … Continue reading “Royal Commission To Examine Superannuation”
ASIC has accepted court enforceable undertakings from the Commonwealth Bank of Australia and Australia and New Zealand Banking Group under which the banks have agreed to change the way they distribute superannuation products to their customers. ASIC investigated CBA’s distribution of its Essential Super product and ANZ’s distribution of its Smart Choice Super and Pension … Continue reading “ASIC accepts court enforceable undertakings from CBA and ANZ over superannuation product distribution”