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Superannuation

Today

Do you actually need $1m to retire?

The round figure of $1 million is often thrown around as the sum needed to retire, but it depends more on your spending plans, according to a new analysis.

  • 37 mins ago
  • Lucy Dean

Financial advisers question Hostplus returns

Critics have queried Hostplus being crowned Australia’s best balanced superannuation fund over one- and ten-years, saying the rankings rely on unpublished valuations of unlisted assets.

  • Aleks Vickovich and Lucy Dean
Australian prime minister Anthony Albanese and Treasurer Jim Chalmers meet with Treasury Secretary Steven Kennedy at Parliament House in Canberra.

How should we judge Albanese Labor on the economy?

By the next election, Australians should know whether Labor is a safe pair of hands. But what would it take to deliver a truly superior economic performance?

  • Richard Holden

This Month

Revealed: Only three super funds made money this year

Just three MySuper funds made any money for members over the 2022 financial year, as turmoil in equity and bond markets led to widespread losses across the $3.2 trillion sector.

  • Aleks Vickovich and Lucy Dean
SMSF investors should be able to get advice solely related to starting a pension rather than receiving unnecessary planning and compliance.

Why rules need to change on SMSF financial advice

The Future of Financial Advice Review offers an opportunity to get the balance right on compliance versus cost.

  • John Maroney
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Super Fierce co-founders Trenna Probert and Craig Swanger say most super fund rankings are flawed.

Former Macquarie CIO picks the best super funds over 20 years

Craig Swanger has singled out 15 as the most consistent out-performers in the past two decades – and the most likely to thrive in recessions and rallies.

  • Aleks Vickovich
Victorian Treasurer Tim Pallas is expected to announce on Monday that UK fintech Smart Pension is to expand to Australia.

UK’s Smart Pension group to expand to Australia

UK retirement fintech operator Smart is to establish an Australian office in Melbourne

  • Tom Burton
With assets like gold bullion stored in a private deposit box in a bank, your auditor may require a photograph with something that evidences the date.

SMSF checklist to kick off new financial year

What you need to do to get 2022-23 off to a great start.

  • Meg Heffron

Which SMSF structure is better for me?

An important decision for anyone wishing to start a self-managed super fund is the trustee arrangement.

  • John Wasiliev
Unlisted assets have held up well, says AustralianSuper CIO Mark Delaney.

AustralianSuper posts first loss since GFC

It reported an annual return of minus 2.7 per cent in its balanced option for the year, heralding what is expected to be a string of losses for pension funds.

  • Aleks Vickovich
Jeremy Cooper is on gardening leave after stepping down as chairman of retirement income at Challenger.

Super funds new retirement duty ‘a big step forward’

Former ASIC deputy chairman Jeremy Cooper says new laws forcing funds to help members plan for retirement needs to be complemented by an overhaul of financial advice rules.

  • Aleks Vickovich
Millions of retirees need financial advice after they switch to drawdown mode.

Super funds behind the ball on their new duty to retirees

If done well, the so-called Retirement Income Covenant could improve the lives of millions of Australians. But that’s a big if.

  • Aleks Vickovich
Growing swell at Dee Why. A combination of rain , strong winds and big swell is battering the NSW coast.

‘Dangerous weather system’ for Sydney, swaths of NSW

BoM, SES warn parts of NSW could cop month’s worth of rain in a day; NSW transport minister says RTBU acting “like children” over train strike. How the day unfolded.

  • Updated
  • Georgie Moore and Campbell Kwan
Will super funds rebound from a median loss in 2021-22?

The ‘double whammy’ that’s derailed your super

Superannuation funds have reported rare losses amid inflation-fuelled market turmoil. But investors are being urged to resist fleeing to cash.

  • Duncan Hughes
AFR

How investors survived the deepest market downturns

Exclusive analysis reveals strategies that remove the risk of trying to time markets.

  • Duncan Hughes
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June

Many super funds will report a loss in 2022-23.

‘Not pretty’: Super funds lose money for only the fifth time in 30 years

Superannuation sector analysts project losses of up to 10 per cent after a wild 12 months of inflation-fuelled panic across financial markets.

  • Aleks Vickovich and Lucy Dean
IFM Investors chief executive David Neal says asset valuations are being watched closely.

IFM boss says US behind the times on privatisation

Chief executive David Neal says it takes a long time to change social attitudes towards privatisation in the US.

  • Matthew Cranston
Street Talk.

Aware Super in monster $2.2b debt deal; 13 banks chip in

While everyone’s been watching the glut of RMBS and bank hybrids deals, Aware Super’s quietly pulled off a $2.2 billion syndicated loan via 13 banks.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
The High Court of Australia has ruled in Hill v Zuda.

High Court puts SMSF death benefit uncertainty to bed

The issue of whether Superannuation Industry Supervision Regulation 6.17A applies to self-managed superannuation has vexed experts and advisers.

  • Peter Townsend
John Wilde is concerned the dip in his superannuation means he will have to work longer.

Working into his 70s is this business owner’s new reality

Turmoil on markets has prompted some Australians approaching retirement to revise their plans and work longer.

  • Lucy Dean