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TCorp reorganises investment team
In pursuit of a new operating structure and "simpler portfolio environment", TCorp has created four new investment roles and will farewell its head of portfolio construction and head of portfolio delivery.
Major themes to watch in the ETF space
Speaking at the inaugural Future Investing Forum, experts shared their thoughts on what to expect from the ETF market over the next 12 months.
UK forewarns Australia on wholesale test changes
After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds.
Jim Lamborn retires from JANA
Jim Lamborn has retired from the asset consultant after more than two decades on its leadership team.
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Keating is spot on, except he does not go far enough. The first element of "overhauling" the current Superannuation system is for compulsory contributions by employees. The billions of dollars held in "lost" Superannuation accounts demonstrates that the majority of people do not really see it as their money as they have put no evident skin in the game. Having the contributions made solely by employers gives this impression. Certainly a case can be put 100% that salaries and wages have been and are "adjusted" to allow for the cost of the contributions which could then lead to an impression that the employee is paying. The important issue is the impression & they do not really see this.
The second element is increasing the employer component. I would leave it to someone with superior knowledge like a Paul Keating to accurately (??) determine what is needed. The third element is that there are hundreds of thousands of self employed (sole traders and/or those operating under a partnership) who are not compelled to contribute for their future.
They should have to pay a prescribed higher rate of tax with the increase going towards Superannuation. Little Johnnie was indeed kind with the halving of the Assets Test, but one must also consider that Politicians on taxpayer funded Superannuation (and others) became substantial beneficiaries of the removal of taxation on pensions or moneys extracted from Superannation after age 60. A fourth element should be increasing the age that one can access Superannuation monies. Those who perform heavy duty manual work need to be considered carefully in whatever changes take place as they generally have shorter working capabilities.