Industry Super Network has released a new report - A comparison of long term superannuation investment performance, that compares the average performance of for profit and not-for-profit superannuation sectors over a 14-year period, using published APRA data.
The report finds that retail super funds do not typically pass on benefits of scale to their members and pay above market rates for in-house services. As a result, retail super returns to their members have lagged not-for-profit funds by an average of nearly two per cent per annum, reducing super savings by thousands and national savings by tens of billions.
Click here to read the report.
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Rice Warner Actuaries has revealed that attempts by financial planners to block the Government’s opt-in proposals could result in some consumers paying up to 17 times more for advice. Read the research here. Read Industry Super Network’s Media Release and Fact Sheet here.
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Rice Warner Research that provides their views on the impact of adopting an ‘Opt In’ rule for financial advice under the Government’s Future of Financial Advice (‘FOFA’) changes.
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Assessing the impact of the Henry Tax Proposals for Super: New Research released by Industry Super Network (ISN) shows the Government’s proposed super measures will cost half as much as the super measures recommended by the Henry Review and can be implemented far more smoothly. ISN’s briefing note ‘Bang for your Buck’ assesses the feasibility of the Henry proposals for super and concludes the Government’s alternative approach is justified for a range of reasons. Download the report here.
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A major new report ‘Retirement Savings and Longevity’ by ISN Chief Economist Dr Sacha Vidler found that more than one third of retirees said they only had enough superannuation savings to make ends meet or actually had insufficient superannuation to make ends meet.
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