Super benchmarks make better investment
SUPERANNUATION funds will today launch a series of indices to help funds measure their performance against the share market.
Superannuation
Grieving families hit by super tax bill
GRIEVING families are being hit with a double whammy death tax on their loved one’s superannuation payouts.
Pension boost plan welcomed
SENIORS approve a proposal where they give their savings to the Government in return for a boosted pension payment.
Super tax hit looms
AUSTRALIA’S wealthiest income earners look set for a superannuation tax slug in the Federal Budget next week, but it will be business as usual for most people.
Minister vows to ‘renovate’ super fees
SUPERANNUATION Minister Nick Sherry has vowed to “renovate” superannuation fees and crack down on funds that double their fees for sacked workers.
Aussie retirees ‘most heavily exposed’
A COLLAPSE in superannuation savings is only a short-term problem, the government says.
Market turmoil drags on super balances
THE sharemarket continues to drag down superannuation, with the latest results wiping out $40bn more from retirement nest eggs.
Fund’s risky course to weather storm
THE Federal Government’s $60bn Future Fund will have to take on greater risks to meet targets, the fund’s management says.
‘Only a miracle’ will save super in ’09
ONLY a financial miracle will save some Australians from suffering a second year of superannuation losses, a research house says.
Superannuation millionaire or pauper?
SELF- funded or Centrelink pauper – your employer’s choice of super fund could cost you more than you think.
A superannuation crisis of faith
THE shock of losing billions of dollars from super balances has left many people afraid and untrusting.
Super rule change to protect nest egg
THE government has temporarily changed the rules for some pension accounts to protect from having to withdraw their nest egg capital.
‘Keep working until you’re 67’
THE pension age should be lifted from 65 to 67 to encourage older Australians to stay in the workforce for longer, the Federal Government has been told.
Super balances await the recovery
BABY boomers whose savings were battered by the market’s crash should not expect to recover lost wealth for at least a few years.
Workers’ savings stripped by $200bn
AUSTRALIAN workers have lost about $200 billion from their retirement savings this year as the sharemarket carnage tore value from superannuation funds.
‘Backhander’ funds cost super $50bn
Retail super funds – usually recommended by financial planners – have missed out on $50bn of investment growth in the past 12 years.
Industry super fund freezes fees
HOSTPLUS superannuation fund has pledged not to raise its fees for two years in an effort to provide greater certainty to its members in a time of global financial market volatility.
Where’s the best place to park your super?
ANTHONY Keane examines the ongoing battle between industry and retail superannuation funds.
Boomers facing a bleaker financial future
CHILDREN of baby boomers are being warned not to expect the financial inheritance kick-start many of their parents have enjoyed. Bernie Lewis…
$1bn lost in inactive super funds
AUSSIES are losing more than $1 billion a year in fees, lost payments and earnings from inactive superannuation accounts.
Nation’s worst super losses ever
THE average Australian lost $3000 in superannuation last month as the nation’s super funds took one of their biggest hits on record.
Pre-retirees can avoid a hefty tax bill
PAINFUL as it is, this year’s share market plunge might deliver some handy financial benefits to pre-retirees.
Super jargon confusing investors
WORDING used in super funds’ paperwork is often vague, meaningless, confusing and a selective use of truth, according to research.
Super ‘to double’ within 10 years
SUPER funds have taken a direct hit from the global financial crisis, but should at least double in value in another 10 years.
Prepare for lean retirement years
RETIREMENT plans need to make provisions for volatile market times like we’re experiencing now, experts say.
Crisis crushes boomers’ retirement dreams
DREAMS of a life of ease over a long retirement have been shattered for many boomers as the economic meltdown shrinks savings.
Aussies in world’s list of poorest
AUSTRALIA’S retirees are the fourth poorest in the developed world, a report card on poverty has found.
Lost super fortune hits $12.9bn
IF Australia’s lost super funds were evenly distributed, every man, woman and child would receive a cheque for more than $600.
Rudd back-pedalling on cash pledge
OLDER Australians could be forced to wait beyond the next Budget for a long-overdue pension boost promised by Treasurer Wayne Swan.
Value of super plunges $100bn
AT least $100bn has been wiped off the value of super savings since last September as the financial crisis bites.
Original URL: https://www.news.com.au/finance/superannuation/page/35