Superannuation
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Govt should develop online tool to compare super funds: survey
First 5000 | May 23, 2019A high level of confusion among members of poorly performing super funds points to the urgent need for a Government-sanctioned online tool to help Australians make more informed choices about their super savings, according to the Australian Institute of Superannuation Trustees.
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Unpaid super scandal hits Bendigo workers
First 5000 | May 14, 2019More than 700,000 workers in Victoria have had close to $1.4 billion in super stolen from them by dodgy employers, with Bendigo workers among those hardest-hit, as the unpaid super epidemic goes from bad to worse.
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Under one in four superannuation products meet or beat AAA quality benchmarks
First 5000 | May 2, 2019A total of 174 of Australia’s leading superannuation products from a field of more than 700 have been awarded a Rainmaker SelectingSuper AAA Quality rating in a recent industry assessment.
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Gender gap hits women’s super early
First 5000 | April 17, 2019New research by Monash Business School’s Dr Carly Moulang has identified fresh evidence of how the ‘gender pay gap’ begins from the first days of employment – a deficit of more than $80,000 women fail to recoup towards the end of their careers.
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Delay on consumer disclosure in super will hurt member retirement outcomes
First 5000 | April 10, 2019The Australian Institute of Superannuation Trustees (AIST) has today warned that delays to consumer disclosure requirements will negatively impact on the retirement outcomes of millions of unsuspecting Australians.
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Modest changes to Super won’t help most Aussies build their nest eggs
First 5000 | April 2, 2019The changes to the rules for voluntary super contributions in the 2019 Federal Budget are good news for older members who can afford to make additional contributions to their superannuation savings, however they will have minimal impact on the retirement outcomes of most Australians, AIST said.
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Women in leadership can add $55,000 to your super
First 5000 | March 7, 2019Superannuation funds with higher female representation on their boards and in their leadership teams achieve greater returns for their members.
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Super hiatus costs workers millions in interest – new research
First 5000 | February 24, 2019Australian workers are losing millions of dollars in interest due to laws that allow superannuation to be paid quarterly rather than fortnightly, new research reveals.
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Amended legislation will keep more people in super system: AIST
First 5000 | February 19, 2019The Australian Institute of Superannuation Trustees (AIST), has welcomed the passage of the Protecting Your Super package, noting that important amendments would protect members from unintended consequences of the new legislation.
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New super laws to benefit members
First 5000 | February 17, 2019Two superannuation bills which passed the Senate with extensive amendments will help curtail super balances being eroded by unnecessary fees and signal the beginning of the end for underperforming, fee gouging super funds.
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New laws welcome, but not enough for millions missing out on super
First 5000 | February 12, 2019Industry Super Australia (ISA), has welcomed parliament passing legislation today acting on unpaid super, but has called for more to be done to fix the problem at its source.
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Default Super doesn’t have to be a lottery
First 5000 | February 8, 2019Choosing the wrong MySuper default superannuation product could cost the average worker almost $600,000 by the time they retire.
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Finding super sparks $860 million worth of joy
First 5000 | February 6, 2019New data released by the Australian Taxation Office (ATO) today shows that Australians were busy finding and consolidating their superannuation accounts towards the end of 2018.
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MTAA Super reduces fees for all members
First 5000 | January 25, 2019MTAA Super, the industry super fund that serves motor trades and allied industries has announced fee reductions for all members from 1 February 2019. The fee reductions will lower the cost of superannuation for the fund’s 230,000 members.
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Vision Super helping members save more in Australian first
First 5000 | January 24, 2019Industry super fund, Vision Super, has launched their innovative ‘Save more later’ program based on behavioural economics is now helping workers at eight councils and other workplaces save more for retirement.
