Superannuation

The National Financial Literacy Strategy

http://www.financialliteracy.gov.au/media/218312/national-financial-literacy-strategy.pdf The Hon Bill Shorten MP, the Minister for Financial Services and Superannuation on the 15th March 2011, launched this major policy initiative. The Australian Securities and Investments Commission (ASIC), Australia’s financial Regulator, prepared the document. They have invited public comment prior… Read More ›

Super Shenanigans

Tony Boyd, writer of the Chanticleer column in the Australian Financial Review, this weekend (Dec 15-16) delivered retirees and those approaching retirement with more cause for concern. Until now Australians have had no reason to doubt the integrity of the industry… Read More ›

Banksia Securities goes into receivership

http://www.banksiagroup.com.au/File.axd?id=5c2f19a1-6c14-4b5a-9c82-d190a58c12e9 Few Australians will have heard of Banksia Securities, and probably have little interest in learning that it went into receivership in October owing some 15,000 debenture holders $663 million. Unless of course they happen to have had money invested in the company themselves Australians who have retirement investments… Read More ›

Super fund benefits likely to be cut.

http://www.theaustralian.com.au/national-affairs/treasury/budget-axe-hangs-over-super-funds-as-canberra-looks-for-savings/story-fn59nsif-1226482170872 The Labor government is looking closely at pruning what it sees as the excessively generous tax concessions enjoyed by superannuation savings, estimated at $35 billion this financial year.  No doubt any savings made could be directed to funding preferred government… Read More ›