This Month
Funds ‘juicing up’ numbers to discredit PM’s super property pitch
A leading think-tank has accused the industry super sector of ‘juicing up’ modelling to support claims Australians will be worse off under the super for housing policy.
- Michael Read
Can I use my super to buy a first home?
With the Coalition announcing a revamp of its homebuyer scheme, a reader finds he is eligible for the existing plan even though his wife already owns a home.
- John Wasiliev
What you need to know about the Coalition’s super home buyer scheme
Economists warn about “unforeseen economic consequences” of encouraging young home buyers to dip into their super.
- Duncan Hughes
Cbus and Master Builders split over super for homes
Cbus slammed the proposal, while its sponsoring organisation Master Builders says will maintain the dream of homeownership.
- Michael Read
PM’s super property pitch makes more of a difference in cheaper cities
The proposal will give a modest boost for young singles in the most expensive cities. But couples outside Sydney and Melbourne will derive a greater benefit.
- Updated
- Michael Read
Coalition could ban super funds paying fines with members’ money
Jane Hume said the prospect that industry funds would use members’ retirement savings to pay for regulatory breaches did not sit “comfortably” with her.
- Michael Read
Cbus unveils its art collection
Who knew construction workers were so interested in art?
- Michael Roddan
Expect lower returns over the long term: Future Fund
The fund has boosted its hedge fund investments to $30b as its assets slipped to just more than $200 billion during a turbulent quarter.
- Jonathan Shapiro
April
‘Traditional education is dead’: Vanguard Super issues shot across bow
In the battle for members, will it be behavioural nudges and personalisation, or feel-good values alignments that win?
- Lucy Dean
CFMEU chief accused of disrupting sites to host super fund BBQs
CFMEU Queensland head Michael Ravbar, who is also an industry fund director, is facing court for allegedly entering sites unlawfully to meet workers with superannuation fund staff.
- David Marin-Guzman
Nicholas Moore review told ‘ASIC needs lobbyists’
The Financial Regulator Assessment Authority hears complaints from the SMSF sector.
- Michael Roddan
Big super shields Rich Lister debtors
The corporate regulator has helped super funds hide how much they are lending private companies.
- Michael Roddan
ASIC dumps super switching probe
The regulator has abandoned its investigation into executives and directors who switched investment options during the COVID-19 crisis.
- Michael Roddan
March
Wealthy retirees the big winners from super drawdown change
The Coalition’s decision to extend the reduction in super drawdown rules goes against retirement income policy and mainly benefits the well-off, experts say.
- Michael Read
Lucky Boomers post record year of investment gains
“Brilliant” asset price gains over the past 12 months are not enough to allay growing fears about inflation and market volatility for retirees.
- Duncan Hughes
Labor denies dumping policy to pay super on parental leave
Labor is wavering on its longstanding pledge to pay superannuation on government-funded parental leave, but the party denies it has dumped the policy.
- Michael Read
Using super to buy a home will raise prices, but experts are open to it
Experts warn the proposal to let first-home buyers use their superannuation as collateral could turbocharge price rises if the country’s housing supply is not increased.
- Michael Read
Liberal MPs call for another proxy advice shake-up
It comes just one month after the Senate dismantled Treasurer Josh Frydenberg’s contentious proxy advice regulations.
- Updated
- Michael Read
How your super balance compares with people your age
There are 370 people under 30 with more than $2m in retirement savings, leading to calls to ban extremely high superannuation balances.
- Michael Read
Super shake-up set to turbocharge retirement savings
As of July 1 new rules will benefit both young savers wanting to buy their first home and older retirees. Here’s how to make the most of them.
- Duncan Hughes
