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Economic Wrap

BENJAMIN ONG  |  FRIDAY, 13 MAY 2016
... to 294K in the week ended 7 May. This is lower than the expected decline to 267K from 274 in the previous week and comes on top of the disappointing employment addition in April and the Labor Market Conditions Index reading. The latest claims data is ...

Research places State Super on top

KERRIE SYDEE  |  THURSDAY, 12 MAY 2016
State Super's 2015 Member Satisfaction Research has named State Super as the leading superannuation fund in providing superior member services. In its third year, the research benchmarked State Super against the general superannuation industry and revealed ...

SMSFs have cash top of mind

DARREN SNYDER  |  TUESDAY, 10 MAY 2016
... provider said cash and term deposits were now the fourth-largest asset class in investments held by its SMSF investors. The top three are managed funds (unitised trusts), separately managed accounts (SMAs), and listed shares. OneVue said investment in ...

Foreign direct investors turning to Australia for growth

ALEX BURKE  |  MONDAY, 9 MAY 2016
... executives of the world's leading corporations" conducted in January 2016, revealed that while the United States remains at the top spot in the FDI Confidence Index, Australia has risen three points to seventh (after falling to 10 last year). According ...

Shorten attacks government's retro super changes

DARREN SNYDER  |  FRIDAY, 6 MAY 2016
... will gladly support our own clear and costed policy to close the unsustainably generous superannuation loopholes at the very top end. We welcome the fact that, three years after they voted to abolish Labor's low-income superannuation contribution, the ...

Advisers not impressed with budget changes

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
... change from a planning perspective. The survey revealed super splitting with spouse, insurance bonds and spouse rebates as the top three strategies advisers will look to use to combat the proposed changes to superannuation, citing the $1.6 million cap ...

Super investment pros make top 40

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
Three Australian superannuation executives have been named in a list recognising some of the top investment professionals from asset owners and allocators around the world. Recently Chief Investment Officer (CIO) Magazine named its annual 40 Under Forty ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... concessional contributions cap of $25,000 per annum will affect 3% of super fund members, "particularly those who pay the top rate of income tax." Morrison said a balance of $1.6 million can support an income stream in retirement around four times the ...

Reforms aimed at supporting women

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
... the government's decision not to abolish the payment, highlighting the need to close the gap between super savings. "This top up payment, which was due to be abolished in 2017, is critical in ensuring lower paid workers don't end up paying more tax on ...

Zurich launches education curriculum

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
Zurich Financial Services Australia has launched the Zurich Curriculum, in a bid to support adviser education and development. The Zurich Curriculum aims to provide advisers and their support staff with the skills and knowledge to build specialist expertise ...