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ALP outlines superannuation tax policy

ALEX DUNNIN  |  WEDNESDAY, 22 APR 2015
The federal ALP opposition has outlined a change to their superannuation tax policy that they estimate could save $1.4 billion per year and help rebalance superannuation. The policy was outlined by shadow Treasury spokesperson Chris Bowen who said it ...

The bad and the bad and the bad

BENJAMIN ONG  |  MONDAY, 20 APR 2015
It's bad, it's bad, it's bad you know it. They say bad news come in threes - we've got all three at the end of last week. Greece running out of money and reform deal still looks unlikely heading into its meeting with 'the institutions' four days and ...

We don't need financial advice: Gen Y

DARREN SNYDER  |  THURSDAY, 9 APR 2015
More than 80% of university educated, well paid Generation Y professionals don't think they need financial advice according to a recent study by KPMG. The study, which sought the views of more than 1,400 Australian KPMG employees between 18 and 30-years-old ...

Industry bodies respond to Hockey's tax debate

ALEX BURKE  |  MONDAY, 30 MAR 2015
... even more important that we get the policy measures right," Mr Garcia said. "We need tax concessions to encourage people to save for their retirement but we also need to find the right balance between supporting super savings and providing tax breaks ...

UK pension changes to benefit Australia

LAURA MILLAN  |  THURSDAY, 19 MAR 2015
... result in more British retirees moving their pensions out of the UK. The Budget contemplates that the amount individuals can save tax-free into pensions will be A£1m, down from A£1.25m, in order to pay for tax giveaways. DeVere group chief executive ...

Australia's coming $32bn SIB sector

ALEX DUNNIN  |  THURSDAY, 12 MAR 2015
When Patrick McClure AO released his report into the review of Australia's $150 billion welfare system in February, one important aspect that seems to have escaped the gaze of commentators was its advocacy of social impact bonds (SIB). SIBs, also sometimes ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
2015 has already been a bumper year in financial services policy with super front and centre. Reforms to improve superannuation governance, competition and transparency appear to be the first cab off the rank. These reforms look likely to occur in a ...

Demography must drive reform

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  FRIDAY, 27 FEB 2015
... productivity may be difficult to sell. Looking at similar demography, in 2006, the UK Pensions Commission offered four options to: save more work longer pay higher taxes and, be poorer. Saving more is an option which superannuation is designed to maximise. ...

Tightening of super tax concessions far from guaranteed

MARK SMITH  |  WEDNESDAY, 25 FEB 2015
Treasury's Rob Heferen has said that while media reports and industry stakeholders seem convinced a government raid on super tax concessions is on the horizon, that outcome is far from guaranteed. Treasury's recent tax expenditure statement showed that ...

Super is working but can be improved: Ripoll

MARK SMITH  |  FRIDAY, 20 FEB 2015
Superannuation is succeeding in its aim of lifting standards of living for Australians in retirement, but there are inequalities and looming challenges that should be addressed, Shadow Minister for Financial Services and Superannuation Bernie Ripoll ...