New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
In a Treasury submission on the retirement phase of superannuation, the Financial Advice Association Australia has recommended a $2,000 means-tested payment over the next decade to pre-retirees to help pay for financial advice.
In response to the government’s consultation on the retirement phase of superannuation, Vanguard Australia said that more personalised retirement solutions would help improve retirement outcomes and close the advice gap.
Challenger reported growth of 190 per cent in lifetime annuity sales, having realised an “extraordinary” opportunity in retirement.
In their pre-budget submissions, the Super Members Council and Association of Superannuation Funds of Australia have proposed reform to bring equity issues in superannuation to the forefront.
In a Treasury submission, the $316 billion fund has recommended funds be able to combine members’ accumulation and retirement accounts towards a more streamlined system.
The professional body has opposed legislating an objective of superannuation in its latest submission to the Senate Economics Legislation Committee.
The $31 billion fund has welcomed new heads of retirement, marketing, customer experience and product within its newly created commercial division.
The $75 billion fund has gained exposure to sustainable food production in its first alternatives impact investment.
With the government moving to clarify the way that superannuation funds can charge members for advice, the question now is how the funds should calculate the fees.