Pension-Phase Superannuation Funds Outperform Accumulation Funds in 2024
Australian pension-phase superannuation funds outperformed accumulation-phase funds in 2024, with average returns of 12.2 percent and 11.4 percent respectively, primarily due to tax-free earnings; top-performing funds like Unisuper and CFS FirstChoice significantly exceeded these averages.
Pension-Phase Superannuation Funds Outperform Accumulation Funds in 2024
Australian pension-phase superannuation funds outperformed accumulation-phase funds in 2024, with average returns of 12.2 percent and 11.4 percent respectively, primarily due to tax-free earnings; top-performing funds like Unisuper and CFS FirstChoice significantly exceeded these averages.
Progress
48% Bias Score
Financial Planning Strategies for Retirement and Estate Planning
This article explores various financial scenarios, including superannuation contributions, age pension eligibility, downsizer contributions, gifting strategies, and tax implications for individuals and families at different life stages.
Financial Planning Strategies for Retirement and Estate Planning
This article explores various financial scenarios, including superannuation contributions, age pension eligibility, downsizer contributions, gifting strategies, and tax implications for individuals and families at different life stages.
Progress
48% Bias Score
APRA Sues Union Secretary for Misusing Super Fund Position
APRA is suing CFMEU secretary Michael O'Connor for allegedly misusing his position as a First Super director to secure a 5% fee increase and a $350,000 payment for his union by using fund money to pay a union employee who performed mainly union work, breaching his director duties.
APRA Sues Union Secretary for Misusing Super Fund Position
APRA is suing CFMEU secretary Michael O'Connor for allegedly misusing his position as a First Super director to secure a 5% fee increase and a $350,000 payment for his union by using fund money to pay a union employee who performed mainly union work, breaching his director duties.
Progress
52% Bias Score
Australian Retirement Income: Sufficient but with Caveats
The Australian superannuation system is projected to provide sufficient funds for a comfortable retirement for most, despite common fears; however, homeownership and future policy adjustments are crucial factors.
Australian Retirement Income: Sufficient but with Caveats
The Australian superannuation system is projected to provide sufficient funds for a comfortable retirement for most, despite common fears; however, homeownership and future policy adjustments are crucial factors.
Progress
40% Bias Score
Parliamentary Report Recommends Changes to Superannuation Laws to Protect Domestic Violence Victims
Following the domestic violence-related suicide of Molly Wilkes in July 2022, a parliamentary report recommends amending the Superannuation Industry (Supervision) Act 1993 to prevent abusers from inheriting victims' superannuation; this follows a campaign by Molly's mother.
Parliamentary Report Recommends Changes to Superannuation Laws to Protect Domestic Violence Victims
Following the domestic violence-related suicide of Molly Wilkes in July 2022, a parliamentary report recommends amending the Superannuation Industry (Supervision) Act 1993 to prevent abusers from inheriting victims' superannuation; this follows a campaign by Molly's mother.
Progress
24% Bias Score
Swan Appears Before Senate, Apologizes for Cbus Payment Delays
Wayne Swan, chairman of Cbus, appeared before a Senate committee investigating Australia's retirement system on Friday after initially attempting to avoid the hearing; he apologized for delayed member payments totaling $20 million, with 80% of cases now resolved.
Swan Appears Before Senate, Apologizes for Cbus Payment Delays
Wayne Swan, chairman of Cbus, appeared before a Senate committee investigating Australia's retirement system on Friday after initially attempting to avoid the hearing; he apologized for delayed member payments totaling $20 million, with 80% of cases now resolved.
Progress
48% Bias Score
Australia to Introduce Mandatory Standards for Faster Super Death Benefit Payments
The Albanese government plans to introduce mandatory standards for Australia's \$4.1 trillion superannuation industry to reduce delays in processing death benefits, addressing criticism and legal action against funds like Cbus for significant delays costing members \$20 million and causing distress ...
Australia to Introduce Mandatory Standards for Faster Super Death Benefit Payments
The Albanese government plans to introduce mandatory standards for Australia's \$4.1 trillion superannuation industry to reduce delays in processing death benefits, addressing criticism and legal action against funds like Cbus for significant delays costing members \$20 million and causing distress ...
Progress
44% Bias Score
Financial Realities of Divorce in Australia
Australia's divorce rate is 1.9 per 1000 residents, far lower than the common misconception of 50 percent; however, the 50,000 annual divorces create significant financial complexities involving asset division, superannuation splitting, and the increasing use of pre-nuptial agreements.
Financial Realities of Divorce in Australia
Australia's divorce rate is 1.9 per 1000 residents, far lower than the common misconception of 50 percent; however, the 50,000 annual divorces create significant financial complexities involving asset division, superannuation splitting, and the increasing use of pre-nuptial agreements.
Progress
24% Bias Score
Super Funds Pledge \$15 Billion for Australian Social Housing
Australian industry super funds plan to invest \$15 billion by 2030 in social and affordable housing via the IFM Investors' proposal, contingent on government policy reforms and aiming to deliver 100,000 homes to alleviate a critical housing shortage.
Super Funds Pledge \$15 Billion for Australian Social Housing
Australian industry super funds plan to invest \$15 billion by 2030 in social and affordable housing via the IFM Investors' proposal, contingent on government policy reforms and aiming to deliver 100,000 homes to alleviate a critical housing shortage.
Progress
40% Bias Score
Economic Volatility Delays Australian Retirements
Rising inflation and cost of living are causing many Australians nearing retirement to delay their plans by an average of six years, impacting their financial security and highlighting the need for adaptable retirement strategies, according to recent research.
Economic Volatility Delays Australian Retirements
Rising inflation and cost of living are causing many Australians nearing retirement to delay their plans by an average of six years, impacting their financial security and highlighting the need for adaptable retirement strategies, according to recent research.
Progress
44% Bias Score
Soaring Australian Bank Valuations Raise Systemic Risk Concerns
Australian big four bank valuations increased by $148 billion since late 2023 to nearly $590 billion, primarily due to significant investments from superannuation funds, raising concerns about systemic risk within the $4 trillion superannuation pool.
Soaring Australian Bank Valuations Raise Systemic Risk Concerns
Australian big four bank valuations increased by $148 billion since late 2023 to nearly $590 billion, primarily due to significant investments from superannuation funds, raising concerns about systemic risk within the $4 trillion superannuation pool.
Progress
40% Bias Score