The millions of dollars being directed to Industry Super Australia by affiliated industry superannuation funds is becoming progressively clearer because of answers being provided to a Parliamentary Committee.
If the superannuation guarantee is frozen at 9.5% the replacement rate would be 55%, compared to the assumption of 84% that the Government’s Retirement Income Review made, according to Industry Super Australia.
In talk on the rise of passive investment strategies, their active counterparts have steadily compounded outperformance. The case for active management is stronger than ever, especially following one of the toughest investment years in living memory.
Amid increasingly challenging market conditions, asset owners and managers in Asia Pacific should embrace securities finance solutions to optimise performance, offset costs and ensure sufficient liquidity in portfolios. Find out more.
In circumstances where the Government’s superannuation early release scheme represents a 30-year departure from bipartisan policy, Industry Super Australia has argued that scrutiny of the regime is justified.
Advice ‘modules’ will help members to seek advice as going through a full comprehensive advice process for superannuation members for the first time is throwing them in the deep end, according to a panel.
The time lag between the Government’s announcement of early access to superannuation and its subsequent announcement of JobKeeper may have left some superannuation fund members with insufficient information, a Parliamentary Committee has been told.
The COVID-19 pandemic and associated economic impacts are likely to drive more superannuation fund mergers and may lead to lower member growth off the back of lower employment, according to major administrator, Link.