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| | | A report by the Super Members Council (SMC) suggests the complex retirement system in Australia could be costing retirees up to $136,000. The modelling underscores the long-awaited need for financial advice reforms, and simpler, smarter pathways to ... |
| | | | ... embracing digital platforms and AI-powered tools, addressing wellbeing and care needs and building trust in the public system as critical factors for being sufficiently prepared for retirement. It also noted supporting holistic wellbeing through timely ... |
| | | | ... the current settings expect employers to bear the full operational and cashflow impacts on day one, while the rest of the system on which employers rely is still being upgraded." According to Employment Hero modelling, the average small and medium business ... |
| | | | Four young Canadians are suing the Canada Pension Plan Investment Board, claiming the fund breached its duty to invest in their interests by failing to protect their retirement savings from climate risk. The plaintiffs, Aliya Hirji, Travis Olson, Rav ... |
| | | | ... "not optional anymore". "It's actually mandatory, because if [Australia is] going to be the second largest [super] system in the world, we need to aspire to deliver global best practice to our customers, and that's exactly what we intend to do," ... |
| | | | ... single life event, it's a decades long journey where a retiree's needs will continue to evolve, which is why developing a system that supports every stage of retirement is so important. "We hope this partnership paves the way for more participants across ... |
| | | | ... research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. Speaking to Financial Standard, Akambo managing director Joe Akiki has warned that financial ... |
| | | | ... opportunity, policymakers and industry leaders love to boast about Australia's 'world-class' $4.3 trillion superannuation system. While investments and performance have been impressive and the system has taken the pressure off the government to fully ... |
| | | | ... afford to be a lot more confident about their retirement." "They just need the right understanding of how to navigate the system," he says. "There's often a lack of understanding of the super balance you need to generate the income which makes you ... |
| | | | For much of the past year or so, there has been a great deal of focus on the superannuation industry and its processing of insurance claims, largely owing to immense delays at some of the largest institutions. Stories have emerged of the likes of AustralianSuper ... |
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