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Super performance test to include unlisted infrastructure welcomed


ASFA chief executive, Dr Martin Fahy, said: Australian superannuation funds’ strategic asset allocation, including the significant allocation to unlisted investments, has been an important element in their outperformance compared to international peers.
The changes announced today have the potential to mitigate investment distortions foreshadowed by the industry when the benchmark was first announced.
ASFA also welcomed the announcement that administration fees would be included in the performance test.
Including all fees in the proposed benchmark will help align the benchmark to the reality of the returns members see in their superannuation, and help address any anomalies that different cost definitions might cause when comparing the performance of different products, Fahy said. ....

Martin Fahy , Association Of Superannuation Funds Australia , Superannuation Funds , Treasury Laws Amendment , Super Performance Test , Unlisted Assets , Unlisted Infrastructure , மார்டின் பஹி , சங்கம் ஆஃப் சுப்பெறன்ணுஅதிோன் நிதி ஆஸ்திரேலியா , சுப்பெறன்ணுஅதிோன் நிதி , கருவூலம் சட்டங்கள் திருத்தம் ,

67% of super members do not top up


 “There’s a very real chance of people falling short financially when they retire,” she said.
“The likely scenario for many is that their super fund might be enough to ‘scrape by’ but it won’t allow them to enjoy the golden years in the way they had planned.
“Often people don’t realise just how much they’ll need in order to fund their ideal retirement.”
Pointing to the Association of Superannuation Funds of Australia (ASFA) Retirement Standard data, Finder said the average man could only live for 3.5 years off their super, and only 2.8 years for women.
“Women have saved only 79% of the amount of their male counterparts by the time they reach retirement – often feeling the effects of the gender pay gap and time out of the workforce to perform caregiver duties,” Banney said. ....

Alison Banney , Association Of Superannuation Funds Australia , Superannuation Funds , Retirement Standard , சங்கம் ஆஃப் சுப்பெறன்ணுஅதிோன் நிதி ஆஸ்திரேலியா , சுப்பெறன்ணுஅதிோன் நிதி , ஓய்வு தரநிலை ,