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Super funds concerned over Pillar sale
Industry superannuation funds will raise concerns about risk flowing from consolidation of the super administration sector.
Sally Patten writes on Personal Finance specialising in Superannuation & SMSFs, Tax, Managed Funds. Based in our Sydney newsroom, Sally is Fairfax Business Media's Personal Finance editor and has more than 20 year experience in journalism, working in UK, Hong Kong and Australia.
Industry superannuation funds will raise concerns about risk flowing from consolidation of the super administration sector.
Even by the super system's complex standards, the calculation of the balance transfer cap is particularly nasty.
Residential property recorded an annual return of 8 per cent, considerably higher than the 5.5 per cent for Aussie shares in the past decade, new analysis finds.
The failure of retail funds to transfer existing default money into MySuper options costs members $800 million every four years.
APRA wrote to insurers and super funds last week pointing to shortfalls and demanding they focus on costs.
With the end of cheap money in sight, safe havens such as bonds, infrastructure and property trusts are not looking so secure.
Investors are either snapping up exchange traded funds or shifting their asset mix and moving away from Australian share funds.
Treasurer Scott Morrison's relaxing of the restrictions on making tax-deductible contributions to superannuation are to be applauded but the...
The securities regulator has conceded that there may be inconsistencies in the way superannuation funds publish their costs.
Poor performing fund managers charging high fees are pushing individual investors to abandon Australian share funds.
ASIC will review the way superannuation funds report their performance figures to members.
Investors should be wary of new technologies because some will not deliver, one of America's foremost political economists argues.
"As a diversification tool, it is at least questionable and hasn't been tested on the flipside," says investor Alan McFarlane.
Short-term investment decisions have become endemic in the industry, according to one of Australia's largest super funds.
Smart investors may be forced to look at Brisbane and Adelaide as the housing supply in Melbourne and Sydney dries up.
Investment alternatives to bonds are riskier and likely to deliver lack lustre returns, investors have been warned.
Financial markets face disruption within a decade as artificial intelligence drives investors away and as computers trade against each other...
Geoff Warren says super funds bringing funds management in-house should have better reasons than just the fact it's cheaper.
Westpac is calling for the government to double the proposed lifetime ceiling on after-tax super contributions.
New guidelines for digital advice will create an unnecessary administrative burden, the Financial Planning Association says.
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