SOAs do little to address information asymmetry
While the focus of the advice industry groups has very much been around making the day to day lives of those in the industry easier, the likes of the AFCA, Vanguard and several law firms have offered insight into the impact on the consumer.
'Incredible' dispersion in balanced fund returns
2022 has marked just the fifth financial year of negative returns since the SG became compulsory in 1992. This should not be a surprising result.
Federal Government pauses YFYS rollout
News that the rollout of the Your Future Your Super (YFYS) test beyond My Super products would be paused has been met with positive and negative commentary from the investment industry.
Renew your client review
During a recent presentation of Invesco Global Consulting's program, Priceless, I asked a room full of advisers how many of them had changed the way they do their annual client review meetings in the last 5 years (COVID19 changes aside).
Super wars renewed by Morrison ahead of election
Once a stalking horse for a small cabal of noisy backbenchers, "Home First, Super Second" has found its way into the Coalition's policy arsenal ahead of an unpredictable election.
Outlook for Australia 'favourable' compared to ROW: Chronis
The VIX Volatility Index or Fear Index hit a 52-week high of 38.94 last week after $65bn was wiped off the Australian share market.
Superannuation returns hit by volatility
A bounce in share markets in March supported superannuation fund performance in the first quarter of 2022. However, with inflation concerns mounting, global share markets remain volatile, including the hard-hit US share market, which is likely to dent superannuation returns for the current financial year.
Industry battles over early super release
The superannuation industry is deeply divided over whether the government's decision to change the super early release rules is really in the interest of the super fund members. The measure allows Australians to apply via myGov for access of up to $10,000 of their superannuation from April this year and an additional $10,000 from July 1 2020 for another three months.
