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Super industry bodies have questioned claims made in the government’s retirement income paper that a large proportion of retirees will die with money still in super, saying it’s “self-interested” to encourage them to withdraw more cash.
Super industry bodies have questioned claims made in the government’s retirement income paper that a large proportion of retirees will die with money still in super, saying it’s “self-interested” to encourage them to withdraw more cash.
AFA chief blasts advocacy group’s ‘baseless claims’ AFA chief blasts advocacy group’s ‘baseless claims’ The head of the AFA has slammed a consumer finance advocacy group for its lack of understanding of the advice industry, questioning why the organisation was handed more than a million dollars in government funding for the coming financial year. A A In a LinkedIn post on Friday, AFA acting chief executive Phil Anderson said recent comments made by Labor senator Jenny McAllister in Parliament around “shonky advisers” – which the association has said amount to vilification of...
The federal budget changes mean more Australians will get super. It also relaxed the rules around older Australians contributing to their retirement savings.
A new benchmark test for super will probably see funds adopt a more passive investment style. What does this mean for your savings?