Editor's Choice
T. Rowe Price appoints local operations chief
|T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.
Vanguard backs current performance test
|Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
Sequoia chair steps down
|The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed.
Court approves $16m DASS settlement
|The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
Further Reading
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Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Why bother trying to save for your retirement if, when you get there, stupid policy changes by a government, although in denial of a budget crisis and hell bent on continuing their spending frenzy, decide to cut you off at the knees?
Does Shorten think that those individuals who he's now targeting, haven't paid their fair share of taxes along the way?
While you are at it, maybe the independent parliamentary budgetary office can do a costing on what the ridiculously over-generous parliamentary retirement entitlements cost the tax payer every year...start there.
Our illustrious SA State Govt workers get the option to salary sacrifice as much of their wage into super as they wish avoiding the annual $30k and $35k concessional contribution cap (replaced with a $1.355m lifetime cap). How much is that costing in lost taxation revenue?
Why hasn't the media exposed that rort for what it is?
Make sure your own back yard is neat and tidy before you venture into someone else's.
Naturally the ALP will continue to use superannuation as a diversion from any consideration or discussion on raising the GST and the its coverage. Far easier to hit a smaller target group of self-funded retirees and small business owners who never could afford any superannuation until they sold their business' rather have a rational discussion about an across the board equitable tax increase.
If NZ can raise the GST to 15% and make provision for relief to lower incomes to offset the impact why can't we?
Apart from that, $1.5m in super for a retired 65 year old with a 30 year life expectancy is unlikely to be enough to keep totally free of the age pension, which at its current top rate of 33K would need in excess of $1m to cover it.
I presume that Bowen and Shorten's tax- payer funded superannuation pensions will also be subject to exactly the same regime - now that WILL raise some revenue !