News and updates

Shopping around for a better home loan rate and your own personal banker? It turns out that the same place where you park your retirement savings is the one-stop shop for your banking needs too.

To protect the super balances of all Australians being eroded by unnecessary fees and costs, the Federal Government has introduced the “Protecting Your Super” reforms (formally titled Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018), which passed on 18 February 2019.

Two of Australia’s best-performing superannuation funds are preparing a ground-breaking Joint Venture that will be a significant move towards consolidation in the industry.

As we outlined on 3 April, the Government’s 2019 Federal Budget had a few proposed superannuation changes focused mainly on those aged over 65 years – with some benefits for members planning for retirement.

Catholic Super – the $9.6 billion industry fund growing retirement savings for many teachers and hospital workers – has topped a league table, returning a high 10.49 per cent over seven years for members up to 50 years old with a balance of $100,000-250,000.

With an election date expected to be called very soon, the Government has unveiled the 2019 Federal Budget with a few proposed superannuation changes that will benefit older members and those preparing for retirement. We’ve briefly explained what this might mean noting that the Budget measures have not yet passed into law. On Friday 5 April we’ll publish any key points made by the Opposition Treasurer after he’s delivered his Budget reply on Thursday night, 4 April.