Superannuation Archives | FinSec Partners

Compare pears with pears, not apples

Australia’s Industry Super Funds have been running the highly effective ‘compare the pair’ campaign for many years. However, Zenith (a leading research consulting firm) argue in a recent paper that ‘this comparison is not straightforward and is often misleading’. Zenith’s research focus on what constitutes a ‘Balanced’ Super Fund portfolio. They argue that most people’s definition of ‘balanced’ is something like a 60/40 mix of Growth and Defensive assets. However, the so-called Balanced Option of Industry Super Fund, Host Plus, [...]

denise.henly2019-10-04T05:28:45+09:30October 3rd, 2019|Superannuation|

The business of YOU Inc – September 2019, SA Leaders Presentation

In this video presentation, Managing Partner and SA Leaders 'Industry Expert' Andrew Creaser explores the concept of 'planning for success' with a broader goals-based approach to investment, risk and estate planning strategies.

denise.henly2020-07-08T06:36:42+09:30September 20th, 2019|Debt, Estate Planning, Insurance, Investment, More than just Finance, Pre-Retirement Planning, Quick Tips, Retirement Planning, Superannuation|

Why your insurance within super could be at risk from July 1

Anyone holding insurance inside of super must be aware of the upcoming changes to inactive accounts, and to take prompt action if they wish to avoid having insurance they need cancelled. What is changing? From 1 July this year, super funds will be required to cancel insurance cover within accounts if the account is deemed inactive. An inactive account is defined as any super account that: has not received a contribution or rollover for 16 continuous months, and the member has [...]

denise.henly2019-06-05T01:23:20+09:30May 31st, 2019|Federal Budget, FinSec Post, Insurance, Superannuation|

Protecting your super reforms

In December 2018 the productivity commission ruffled a few feathers with its report into the Superannuation Industry, suggesting employers and unions cede control of the $600 bn default superannuation system. The report identified that more than 30% of the 25 million accounts in the superannuation system are deemed inactive, resulting in investors paying $2.6 billion of unnecessary fees each year. In response and as part of their 2018/19 Federal Budget the Coalition introduced a number of reforms designed to "protect Australians' superannuation savings [...]

denise.henly2019-05-31T05:27:12+09:30May 29th, 2019|FinSec Post, Insurance, Superannuation|

What you need to know in the lead up to the Federal election

With the 2019 Budget week having concluded following the formal delivery of the 2019/20 Federal Budget by the Treasurer on 2 April 2019, and the Opposition response on 4 April 2019, it’s now “game on” in terms of policy positions as the electorate starts to consider where they will cast their vote in the upcoming election. For some voters, the decision on where they cast their vote will be influenced by where the future elected Government will focus their spending. In [...]

denise.henly2019-07-31T00:52:11+09:30April 25th, 2019|Investment, SMSF, Superannuation|

Superannuation needs to modernise.

How did Australia, which rightly prides itself on having one of the most stable and resilient economies in the world, end up cleaning up the messy and damaging aftermath of a savage Royal Commission into our financial sector? Financial services is – and has been for some years – the largest sector in our economy, bigger than mining, bigger than agriculture. We are a nation of suits, not hard hats and Akubras. The exponential growth of our massive financial services sector [...]

denise.henly2019-02-27T23:15:34+10:30February 13th, 2019|FinSec Post, More than just Finance, Superannuation|

Active Investment Success Relies on Finding a Top Personal “Trainer” to do the Heavy Lifting

A mate recently cancelled his gym membership at a popular city health club, citing lack of motivation, high monthly fees and a general malaise about “just not getting results’’. Out of interest, I asked him what his training regime looked like. A brisk walk on the treadmill, he confessed, followed by a quick sauna and an obligatory large iced-coffee (with cream and ice-cream) in the club lounge afterwards. Those stubborn kilos are still hanging on for dear life. Comparisons can be [...]

denise.henly2017-11-30T03:27:17+10:30November 30th, 2017|Finance, FinSec Post, Retirement Planning, SMSF, Superannuation, The FinSec View, Wealth Planning for Business Owners|

Wealth Management Strategy, Presented by Andrew Creaser

denise.henly2017-03-30T04:01:09+10:30March 30th, 2017|Finance, FinSec Post, Insurance, Investment, More than just Finance, Pre-Retirement Planning, Retirement Planning, Superannuation, Wealth Planning for Business Owners|

SMSFs gear up for advice

Advised self-managed superannuation fund (SMSF) trustees are more confident about achieving their desired retirement income than non-trustees, according to research commissioned by nabtrade and the SMSF Association. The research says about 53% of SMSF trustees are more likely to be receiving financial advice than non-trustees (about 30%). Illustrating the value of financial advice, about 72% of advised trustees are confident of being on track to achieve their desired retirement income as opposed to 66% of non-trustees. According to the Intimate with [...]

denise.henly2015-07-13T04:10:23+09:30July 13th, 2015|FinSec Post, Investment, SMSF, Superannuation|

Knowledge and Clarity: Changes to Inactive bank accounts

On 18 March 2015, the Assistant Treasurer the Hon. Josh Frydenberg announced that the Government will increase the time frame for which bank accounts and life insurance policies must be inactive before their proceeds are transferred to ASIC. The period will be increased to 7 years from the current period of 3 years, reversing the legislation of the former Government. The proposed change will take effect from 31 December 2015, and will require legislative amendments to the Banking Act 1959 and [...]

denise.henly2020-07-08T06:31:10+09:30April 13th, 2015|Market Update, Superannuation, The FinSec View|