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Latest Superannuation Management News
Monday, 8 February 2010
Combined Fund has increased its growth and balanced strategies' exposure to growth assets as markets improve and super funds return to riskier investments. Read more
Friday, 5 February 2010
Super funds are racing to get the government's rubberstamp on intra-fund advice relief - with AvSuper, Plum and HESTA among those that already offer, or about to offer, the expanded advice service to their members. Read more
Wednesday, 3 February 2010
HOSTPLUS continues to defy convention by opening a retail shop in Queensland - the first time a non-profit super fund is opening its doors directly to the public and another signal that the Victorian fund is not afraid to expand aggressively outside its turf. Read more
Videos
In an environment where interest rates look set to rise, the Decision Makers explore how advisers should be looking at the cash component of their client portfolios. Watch
Current Edition
Welcome to the current edition of The Journal of Superannuation Management.The Journal is an open forum for decision-makers behind super funds their service providers academics and stakeholders to hear ... Read more
Marketing and Management
The aim of this qualitative study was to explore the intentions of employees working within the Australian higher education sector towards the retirement transition process. Work and non-work variables ... Read moreThe aim of this qualitative study was to explore the intentions of employees working within the Australian higher education sector towards the retirement transition process. Work and non-work variables associated with retirement transition were explored within the context of Atchely's (1989) continuity theory. The findings suggest research participants experience a strong association between their job role and their sense of self-esteem and personal value, which is consistent with continuity theory. It is suggested that bridge employment may be useful in facilitating the adjustment to retirement and is also a way for universities to resolve staffing issues associated with retiring older workers. The implication of facilitating retirement decision-making through the provision of targeted education programs is also discussed.
Intuitively the answer to this question would appear to be yes as unlike many other countries around the world Australia operates a mandatory retirement savings scheme called the Superannuation Guarantee ... Read moreIntuitively the answer to this question would appear to be yes as unlike many other countries around the world, Australia operates a mandatory retirement savings scheme called the Superannuation Guarantee (SG). As a result, Australia is in a better position than many. However, does the SG give rise to false confidence?
Administration, Policy and Governance
You can almost hear the collective sigh of relief as 2009 draws to a close. After surviving the near collapse of the global banking system in 2008 this year has seen unprecedented scrutiny of all aspects ... Read moreYou can almost hear the collective sigh of relief as 2009 draws to a close. After surviving the near collapse of the global banking system in 2008, this year has seen unprecedented scrutiny of all aspects of the financial services industry. With several federal government reviews evaluating Australia's retirement income system, the superannuation industry faces inevitable change in the years ahead.
The Henry review presents a once-in-a-generation opportunity to reform Australia's tax and transfer system to meet the challenges of the future. With an aging population it is essential Australia has an ... Read moreThe Henry review presents a once-in-a-generation opportunity to reform Australia's tax and transfer system to meet the challenges of the future. With an aging population it is essential Australia has an equitable and efficient retirement income system that allows individuals to enjoy a decent standard of living in retirement. Australia's tax and transfer system is integrally linked to our superannuation system by influencing incentives to save and determining final retirement income outcomes.
The Ideal Fund - Reengineering the fund value proposition June 2009 is research from PricewaterhouseCoopers Luxembourg and Caceis Investor Services. It is based on the Undertakings for Collective Investments ... Read moreThe Ideal Fund - Reengineering the fund value proposition, June 2009 is research from PricewaterhouseCoopers Luxembourg and Caceis Investor Services. It is based on the Undertakings for Collective Investments in Transferable Securities (UCITS) framework which covers mutual funds in the European Union (EU) and is designed to stimulate debate and serve as a catalyst to drive positive change in the long-term investment industry in the EU.
On 13 May 2008 the Australian Government announced a comprehensive review of Australia's taxation system to be chaired by Dr Ken Henry commonly referred to as the Henry Review. The final report is due ... Read moreOn 13 May 2008, the Australian Government announced a comprehensive review of Australia's taxation system, to be chaired by Dr Ken Henry, commonly referred to as the Henry Review. The final report is due for delivery in December 2009, and together with the Harmer review, represents a significant assessment of retirement income policy.
The existing superannuation system is built on a contradictory notion of the way people make financial decisions. On the one hand the concept of compulsory superannuation suggests that Australians are ... Read moreThe existing superannuation system is built on a contradictory notion of the way people make financial decisions. On the one hand, the concept of compulsory superannuation suggests that Australians are myopic, irrational and have to be forced to save. On the other hand, when forced into the system, fund members are assumed to be informed and discerning investors, able to make rational decisions about how to allocate their retirement savings among a host of competing alternatives. Only one of these opposing views can be correct and it is the responsibility of policymakers to design systems that accommodate real-world human behaviour.
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