Editor's Choice
Platinum announces strategic review
Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
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.
Who are these people who "lived through war and depression"? Come on! if You are old enough to remember the Great Depression, you'd have to be well into your nineties. If you were old enough to fight in the Second World War, you're at least 90 now.
The defenders like Mercer of ever-increasing amounts going into super are talking their own book and pushing an idea of "old people" that is at least 30 years out of date. The fact is Australian home-owning retirees are more than well-catered for by the tax and transfer system. The people doing it tough are young people saddled with student debt, paying through the nose for everything and shut out of the housing market.
Grattan is right. The rules have been written by the superannuation industry, which has been living off the subsidy of the superannuation guarantee for too long and has grown fat, lazy and with its snout in the trough of public funds.
Fatcat old 'self-funded' retirees have come to see their super as an estate planning device and won't give an inch to the generations coming after them. There's a generational war coming, but unfortunately the bludgers now calling everyone else 'socialists' won't be around to see it.