After finishing off 2009 on a high, the median superannuation growth fund industry average retreated 2.2% in January. This was largely because listed share and property markets went into reverse. The Australian share market was down 6.2% for the month, while international shares retreated 2.9% (unhedged) and 3.5% (hedged). Australian and global REITs (listed property) […]
With some $200 billion wiped off superannuation books in the last 12 months, an average of $20,000 per working individual, the industry needs to bounce back from the financial crisis and shareholder empowerment is the key, says Colin Melvin, one of Britain’s leading pension experts. “As a result of this global crisis, pension funds are […]
Critics have labelled the payouts of Telstra CEO Sol Trujillo and Pacific Brands chief executive Sue Morphet as ‘greedy’ ‘obscene’ and a ‘corporate crime.’ After announcing he would leave Telstra in June, Sol Trujillo has received a $30 million golden handshake, despite the sacking of thousands in his time at the top. This follows news […]
Opposition Leader Malcolm Turnbull has not only rejected the Federal Government’s stimulus package but has suggested that the Government pay the superannuation obligations of a range of businesses, causing outrage with Senator Nick Sherry, Minister for Superannuation and Corporate Law, believing Turnbull has not given enough thought as to how it will affect small business. […]
Small business owners are showing strong interest in self-managed superannuation funds and saving for retirement and for when they’re no longer working full-time. However, often, your self-managed super fund (SMSF) becomes your new ‘small business’. Read on to see how you can make the most of superannuation. Many businesspeople have been hesitant to start an […]
The changes to superannuation over the past two years have created an exciting opportunity for SME owners. Even if you’re nowhere near retirement age, you now have the ability to use superannuation to grow your business, control premises and provide for a comfortable retirement all at the same time. Recent changes relevant to SMEs, in regards […]
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