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
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amounts going into super are talking their own book and pushing an idea of "old people" that is at least 30 years out of date.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.