Uninformed risk losing super savings
UP TO two out of three people in self-managed super funds risk prosecution and even jail because they do not know the basics of how to run their super fund properly.
Superannuation
DIY super funds earning big returns
SOME 370,000 Australians have chosen to set up a self-managed super fund, controlling an average of about $800,000 each.
Put tax cuts into super – union
ALMOST one in two Australians would prefer planned tax cuts to be divided between cash and their retirement funds, a new union poll has found.
Riding out the share market rollercoaster
THE majority of Australian retirees and baby boomers are likely to have less retirement savings than their children will.
Taxman looks into dodgy super funds
THE tax office is investigating dodgy loans and possible tax avoidance by people who operate their own superannuation funds.
Managers grab bigger super fees
WHILE superannuation returns plummet, fees and charges continue to rise with the average person now slugged an extra $60 a year.
Industry funds sets super pace
LOWER charges have led to industry super funds providing much greater returns than retail trusts over one, three and five years.
We’re richer than ever despite super fall
A ROUGH January has put super funds on track for their first losing year since 2002, costing Australians thousands of dollars in lost savings.
Rolling over super just got harder
NEW laws designed to combat terrorism and money laundering are making it tougher to withdraw or transfer your super.
Super funds get social conscience
SUPER funds are set to make sure companies they invest in take notice of social, environmental and corporate governance issues.
Time’s up for sly trailing commissions
SALES commissions paid to financial planners could be on the way out as the big retail superannuation providers switch to fee-based services.
Plundering super to pay the mortgage
DESPERATE Australians are draining their super nest eggs to fend off mortgage foreclosures in record numbers.
ASIC to review stock `loaning’ racket
THERE’S evidence that hedge funds are “borrowing” shares from super funds to force down price – and mauling retirement savings.
Protection if the boss sinks
AS share markets tumble, hitting your superannuation balances, spare a thought for those who face a double whammy as their employer goes to the wall.
Share slide not so super
BABY boomers planning to cash in their super should sit tight and remain calm as they brace for some gloomy news.
Don’t panic about super losses
THE chief of Australia’s peak superannuation body says people should not panic about the dive in global sharemarkets.
Can you afford to get old?
MOST Australians can’t afford to live to 100 despite the rapid growth in superannuation savings in the past 15 years.
Super bloodletting will continue
SUPER funds are set to add to the $65bn losses they have already lost this year, with most looking at negative returns by June.
Super funds lose $55bn as shares crash
SUPERANNUATION funds have taken a $55 billion hit on the back of the worst share market streak Australia has seen since the mid 1990s.
Banks target pre-retirees
SUPERANNUATION has become the new honeypot for banks, with Westpac the latest to offer low-cost financial advice for pre-retirees.
Employee super better protected
EMPLOYEES of companies that go bust stand a better chance of holding on to their super entitlements following changes to the law.
Meltdown to hurt super funds
SUPER fund members are facing two consecutive monthly losses thanks to sharemarket volatility and listed property troubles.
Commissions cut into super
SALES commissions are eating up $765 million of compulsory superannuation savings every year.
Huge super changes on the way
THE amount invested in superannuation will triple within a decade, but the industry will be vastly different from today, latest reports say.
The sums on gearing versus super
TAX changes and the steady rate rises, place a question mark over whether the golden-oldie super strategies are as good as they once were.
Women in serious super shortfall
MANY women have no idea how much they have in their super account nor how much they will need to live comfortably in retirement, a survey has found.
Super funds invest in film
JUST Superannuation, is working with Melbourne Industry Funds Management to establish a $50 million fund to bankroll Australian film and television production.
Super funds should prepare for dip
AFTER four years of double-digit returns, super fund members have been told to prepare for less spectacular gains in the face of market volatility.
Flexible debt back on book
A HOST of new packaged debt products are hitting the market to take advantage of the tax law changes for superannuation.
Nest egg versus the nest
MOST people’s first financial priority is to get the mortgage millstone from around their neck and worry about retirement later. But is that the right thing to do?
Original URL: https://www.news.com.au/finance/superannuation/page/38