Latest changes to trustee breach reportingBY LUKE HOOPER, MICHAEL O'CONNOR | FRIDAY, 1 DEC 2023 4:01PM In October, ASIC introduced changes to the current breach Corporations Act reporting regime obligations (Regime) via ASIC Corporations and Credit (Amendment) Instrument 2023/589 (Instrument).
 The realities of retirement: bridging the knowledge gap with education and supportAustralians
are
a
savvy
bunch
when
it
comes
to
their
super.
But
it
can
be
a
different
story
when
it
comes
to
retirement,
with
complexity
and
a
lack
of ...  A new energy is driving the advisers of tomorrowThere
is
a
fresh
sense
of
enthusiasm
among
new
advisers
and
the
practices
they
work
with,
a
passion
that
will
help
build
a
vibrant
and
sustainable
profession ...  Helping members achieve their goals in the (potential) new world of adviceThe
federal
government's
announcements
in
response
to
the
Quality
of
Advice
review
have
raised
the
prospect
of
a
simple,
low-cost
advice
option
delivered ...  The end of free moneyWith
institutional
investors
prudently
reassessing
their
risks
in
current
market
conditions
and
seeking
safe
havens
in
alternatives
such
as
secured
private ...  'Unretiring': Why recent retirees want to go back to workWhen
COVID-19
sent
the
economy
into
a
tailspin
in
2020,
it
resulted
in
2.4
million
excess
retirements,
according
to
research
from
the
Federal
Reserve ...  Draft legislation for tax on members with more than $3m in superThe government has released draft legislation for the proposed new tax. At least it has a name now - "Division 296 tax".  A tap on the shoulder: Prudential Standard CPS 900 - Resolution PlanningIn
May
2023,
APRA
finalised
CPS
900
and
released
the
Prudential
Practice
Guide
CPG
900
-
Resolution
Planning
(CPG
900).
CPS
900
is
yet
to
be
registered ...  Why 6% is the new 4% in retirementConventional wisdom suggests retirees can safeguard their retirement income if they rely on a so called 'golden rule' of four per cent for drawdowns.  Off-the-shelf v customised: what the future holdsThe
financial
advisory
industry
is
at
a
watershed.
Its
preference
for
customised
multi-asset
portfolios
that
gives
them
a
direct
input
into
client
investment ...  The when and why of four million Australian retireesOlder
Australians
might
be
feeling
their
creaky
knees,
stiff
backs
and
failing
eyesight,
but
one
thing
they
should
not
feel
is
neglected
by
government ... |
Latest News
Retirement phase of superannuation consultation opens
|Treasury is seeking feedback on how the inherently complex retirement phase of superannuation can be improved to match the success of the accumulation phase.
Payday super protects most vulnerable: SMC
|New modelling by the Super Members Council (SMC) reveals payday super could add up to $36,000 to the retirement balance of workers in the lowest 20% of wage earners.
Changing retirement landscape needs regulatory framework: Actuaries Institute
|The government has been encouraged to create a regulatory framework that empowers superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC).
SMSF Association, CA ANZ rally against super tax changes
The SMSF Association and Chartered Accounts ANZ (CA ANZ) have urgently called for the rejection of a newly proposed bill that would double tax on many Australians superannuation earnings.
Cover Story
A fresh start
JONATHAN ARMITAGE
CHIEF INVESTMENT OFFICER
COLONIAL FIRST STATE INVESTMENTS LIMITED
CHIEF INVESTMENT OFFICER
COLONIAL FIRST STATE INVESTMENTS LIMITED
Colonial First State chief investment officer Jonathan Armitage has a clear-eyed focus on positioning the fund manager as the first choice for retirement and investment savings. Anchoring this ambition is a commitment to delivering stellar investment outcomes, a tenet that's served as his career North Star. Andrew McKean writes.
Expert Feed
Lessons from "Madoff: The Monster of Wall Street"
Netflix's series "Madoff: The Monster of Wall Street" was confronting summer viewing - the harrowing stories of investors losing everything.
What Australians did with their super when COVID struck
Commonwealth Bank data shows the Australians who withdrew super spent more, but paid down their debt.
Equities: Why it's too early for investors to relax
This
year
has
been
that
rarest
of
things,
one
that
has
been
bad
for
both
equities
and
bonds,
with
stocks
likely
to
post
their
worst
calendar
year
since ...
2023's investor reality check
The latest ASX Australian Investor Study has just been released and the survey of 5,500 Australian adults is a terrific investment market reality check.
