Research shows most super fund Investment Managers consider tax implications when making their investment decisions. With the right tax knowledge and confidence, they could achieve even greater tax efficiency.
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APRA’s decision to continue to class deposits in public super fund as ‘non-retail’ makes it difficult for them to compete with banks and SMSFs. However, some in the industry still believe trustees can take a stand.
Australia has an enormous opportunity to build a world-class decumulation system that gives individuals security and flexibility in retirement, but it’s different from the accumulation phase.
Australian superannuation is a highly dynamic industry, as this review of 2013-2033 shows. For many retirees, institutional funds, whether industry or retail funds, have not been able to compete with the attraction of SMSFs.
The range in post-retirement standards of living is highly likely to be viewed as unacceptable by retirees who have been forced to defer part of their income to retirement savings. Here’s a possible solution.
When a fund is open to the public, there is a dilution of the influence of those who were ‘looking after’ their members – unions and employers. Super funds may need to better balance leadership and consensus management styles.
Only one in 10 bank customers has their personal super with their bank, showing that banks are missing a significant cross-selling opportunity. This is an extract from a debate in a LinkedIn superannuation group.