News

Welcome to our news page where you’ll find a range of information and insights about superannuation and everything to do with making informed decisions on a better financial future.

Will I have enough money to retire?

Will I have enough money to retire?

Many of us spend most of our working life with some sort of vision of where they see themselves during their retirement. But have you calculated the amount of money YOU will actually need for your retirement?

You may have heard you need $1 million – it’s the figure often thrown around as the quintessential figure needed for a comfortable retirement. The truth is, there really is no ideal number. Retirement looks different for everyone and it’s important to consider your own situation to discover your magic retirement number.

Whilst a seven-figure retirement may sound great, reality has it that the majority of people heading into retirement will have nowhere near that amount. According to a 2019 report by the Association of Superannuation Funds of Australia Limited (ASFA), Australians aged between 60-64 are retiring with a median balance of $154,452 for men, and $122,848 for women.

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Setting super goals for 2022

Setting super goals for 2022

With 2022 in full swing, you may (or may not) be on track with your new year’s resolutions. Maybe you planned to clean up your diet, exercise more or start a new hobby.

When we think about new year’s resolutions, we don’t often take into account our financial goals. Alongside your new wellness routine, setting goals for your finances should be top priority.

Have you thought about where you’d like to be financially in the future? Where would you like see yourself in 12 months, five years or thirty years?

Whether you’re nearing closer to retirement or you’re still many years away, here are 6 simple steps you can take in 2022 that can make a huge difference to living your dream life in retirement.

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The letter from your super fund you must not ignore!

The letter from your super fund you must not ignore!

Did you receive a letter from your super fund telling you it has been underperforming? Don’t ignore it!

The Australian Prudential Regulation Authority (APRA) published a list of the 13 worst performing funds back in August. Of the nations 80 MySuper products, some of the industry’s biggest names have failed their performance benchmark.

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FOUR FACTORS OF ETHICAL INVESTING AND WHY IT’S IMPORTANT FOR THE PLANET AND YOUR FINANCIAL FUTURE

FOUR FACTORS OF ETHICAL INVESTING AND WHY IT’S IMPORTANT FOR THE PLANET AND YOUR FINANCIAL FUTURE

What is ethical investing?

Ten years ago, climate change wasn’t on most people’s radar. Sure, we’d heard the term and started to question what it was all about, but very quickly it’s become the most important issue facing the world today.

Now climate change and its effects on our future is at the front of our consciousness through ongoing activism, politics and increasingly the decisions businesses make.

It’s also provided the catalyst for an approach towards environmental, social and governance (ESG) investing, also known as socially responsible investing, ethical investing, green investing, and impact investing, all with the same goal: creating positive change by thoughtfully and intentionally investing your money.

While the notion of ethical investing has been around since biblical times, it wasn’t until 2006 when the United Nations Principles for Responsible Investment (UN PRI) was released that it gained institutional support.

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Mortgage v super: Which should I prioritise?

Mortgage v super: Which should I prioritise?

By Zarah Mae Torrazo – 10/08/21

Are you better off putting your extra money into your home loan or your super fund?

Nest Egg reporter, Zarah Mae Torrazo discusses the pros and cons of both options, as well as other factors to consider when deciding.

Failing super funds exposed for underperforming

Failing super funds exposed for underperforming

Tom Minear National Political Editor Herald Sun – 8/08/2021

A host of superannuation funds have been put on notice for underperforming. See which ones failed to deliver.

More than a million Australians have their retirement savings tied up in underperforming super funds, which have been named and shamed in a bid to force them to lift their game.

Superannuation changes have passed Parliament. Here’s what that means

Superannuation changes have passed Parliament. Here’s what that means

By political reporter Tom Lowrey Posted Thu 17 Jun 2021

Most of us don’t think a great deal about our superannuation until we reach a certain age and start spending it on European river cruises.

Finally, the federal government has figured that out.

Some of the most significant changes to superannuation in decades passed through Parliament on Thursday afternoon, aimed at ensuring those of us who don’t pay much attention aren’t penalised for it.

And they will force funds to own up to their members when they underperform, and potentially cop some harsh punishments too.

The changes are not everything the government wanted them to be — it had to remove a bunch of controversial measures to secure enough support to get the bill through.