Editor's Choice
Australian Unity to shed 195 roles
Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.
Count shutters limited-advice business, slips in size ranking
Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.
First Super recruits head of investments from Prime Super
First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.
BMO eyes Euroz Hartleys' capital markets business
Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.







The combination of the 1 Jan 2017 Centrelink taper for the asset test, plus the $500,000 lifetime non-concessional super cap sends a clear message that the Govt wants to penalise retirement saving, or simply make it more difficult. So many people won't, therefore, get ready for a massive blowout in the Centrelink Age Pension over the next decade once couples get to work rearranging their financial affairs to collect the full age pension, rather than just receiving a partial age pension that will end on 31 Dec 2016.