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Chant West: Up to 80 Superannuation Funds have insufficient scale

Chant West: Up to 80 Superannuation Funds have insufficient scale

In an article published in the Sydney Morning Herald, (4 August 2015), Ian Fryer, Head of Research, Chant West said that based on the firm’s research, up to 65% of MySuper providers are too small to deliver benefits of scale and up to 80 superannuation funds will need to consider closure or mergers. Fryer called on…

Release of the Financial System Inquiries report

Release of the Financial System Inquiries report

On 7 December 2014, on behalf of the Government, the Federal Treasurer, Joe Hockey,  released the Financial System Inquiry Report with its aim to provide a blue print for the financial system over the next decade. Citing the changing landscape since the time of the Wallis Report in 1997, which examined the regulatory arrangements in the Australian financial sector,…

Mercer 2014 Global Pensions Index

Mercer 2014 Global Pensions Index

The Melbourne Mercer Global Pensions Index  (MMGPI)  is the most comprehensive comparison of pension systems globally currently reviewing 25 retirement systems (impacting 60% of the world’s population) against 50 indicators. Australia has been recognised, in 2014, as having the second best retirement income system in the world (behind Denmark).   Australia’s jump in placings from third to second (over taking…

FSC Produces Report findings: Australian Superannuation Returns are the third highest in the world

FSC Produces Report findings: Australian Superannuation Returns are the third highest in the world

On 7 August 2014, the FSC announced at its annual conference, that it had received the results of research undertaken by Deloitte – Access Economics, indicating that Australia had the third highest superannuation returns from 12 countries included in a study.   Data cited from Chant West stated that the medium return was 8% p.a. since the commencement…

FoFA – Acting Assistant Treasurer Announces Way Forward

FoFA – Acting Assistant Treasurer Announces Way Forward

On 20 June 2014, Senator the Hon Mathias Cormann, Minister for Finance and Acting Assistant Treasurer, announced the go forward position on financial advice laws known as FoFA.  After a further period of consultation with stakeholders and industry participants Senator Cormann stated the right balance had to be achieved between appropriate levels of consumer protection…

Budget 2014 – Superannuation Changes

Budget 2014 – Superannuation Changes

Infrastructure Investment: The Federal Government will remove impediments to assist State Governments privatise assets, which may help support superannuation investment in brownfield assets. Superannuation is considered to be an ideal match for the risk-return profile offered by infrastructure as the industry matures from one of accumulation to income streams with long term income producing assets. Industry Super Australia has…

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