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Tag Archives: Super
Does Britain need an Aussie style “Retirement Income Covenant”?
The Australian Treasury has recently consulted with its citizens on how to oblige Trustees of its huge Super funds to provide them with retirement income. There are parallels in the UK. Over the autumn and winter, the DWP will … Continue reading
IS AUSTRALIA’S RETIREMENT SYSTEM AS SUPER AS IT SEEMS?
Hot on the heels of this morning’s blog , a jingoistic piece on the resurgence of the UK as a pension power, here is a blog by Robin Powell that explains rather better than I , the frailties of Australia’s much … Continue reading
Aussies put pensions to the test (could Britain follow?)
With characteristic bluntness, the Australian Government has decided that if a pension fund is not delivering to its users, it will be starved of new savers until it does. The Australian Taxation Office (ATO) will develop systems that will enable … Continue reading
Retirement debate overlooks tax-payer funding
This is another article shared with us by Jim Hennington. There is something very simple about the way that Australians debate pensions and I found this article informs very well on the ongoing debate we have in the UK. Clearly … Continue reading
Posted in pensions
Tagged Nathanan Bonarius, pensions, purpose, Retirement, Super, Tax
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What MaPS can learn from Australia’s MoneySmart Retirement Planner
The Australian Government has built what it calls the MoneySmart Retirement Planner which is a dashboard tool. You plug in your savings in “Super” and tell the planner a little about yourself (and your partner) and within five minutes you … Continue reading
Posted in actuaries, advice gap, pensions
Tagged actuaries, advice gap, optimum pensions, pensions, Super
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An advert you wouldn’t see in Britain!
Most UK pension people will look at this advert (on Linked in) with bemusement, some may think it a scam, but I know the people behind this initiative and that, in Australia, they are in earnest for good. This article … Continue reading
Posted in actuaries, advice gap, age wage, pensions
Tagged Actuary, Australia, CDC, CIO, Jim Hennington, Real lifetime pension, Super
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Don’t cash-out your pension #buildbackbetter !
This blog is about how we make sure we have enough cash to pay the bills (including the butcher’s bills) Cashing out pensions – the lure In its recent policy statement (P20/6), the FCA leaves two carve-outs (loopholes) for advisers … Continue reading
Posted in advice gap, age wage, Australia, auto-enrolment, pensions
Tagged Australia, Cash-out, Encashment, HMRC, Pension Freedoms, pensions, Super
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What are deferred annuities and why do they matter?
Cooper and Cumbo – Aussie dream team In a real example, an Aussie who bought a $10,000 deferred annuity at 65 would receive an annual income of $1741 a year from age 85, if they survived to that age. … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged annuity, Australia, CDC, Cooper, deferred annuity, Drawdown, pensions, Super
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Watch out for that land down under! Australia’s as confused as we are!
Australia is the land where the market never crashes. It is a nation of double digit compulsory pension contributors , of universal pension engagement and an example to us all. Well some of this is true, but if recent reports coming out of … Continue reading
Posted in pensions
Tagged Andy Haldane, Australia, Clearing, pensions, Pot follows member, Super
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Aussie’s are “Super Pension Savvy” – why aren’t we?
As most people (in pensions) know, Australia has a thriving retirement savings industry that works because there is a social contract between Government, Unions and Employers to fund workers pensions at ever-increasing amounts. I don’t want to do a teach in – … Continue reading
Posted in advice gap, Australia, auto-enrolment, cricket, dc pensions, pensions
Tagged Ashes, Aussie, auto enrolment, dc, Savvy, Super, workplace Pensions
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