Compare the pair: Coalition and Labor super

By Mark Ellem    SMSF Technical Services   24 April 2019  Cuffelinks I love an election, particularly a federal one. It’s the quintessential characteristic of democracy in action (assuming no undue influence from foreign governments). Any election is about comparing opposing parties’ policies. So let’s compare Labor’s proposals to the current super rules, not only as…

WA court case highlights lessons on death benefit conflicts

Miranda Brownlee  8 April 2019  SMSF Adviser A Western Australian court case has further emphasised the importance of making wills and binding beneficiary nominations in respect of superannuation benefits as well as addressing conflict issues. The case of GONCIARZ v BIENIAS [2019] WASC 104, heard by the Supreme Court of Western Australia, concerned the payment of a…

Industry Super Fund attempts to deny insurance payout

Superannuation customers urged to push for entitlements after grieving Bedford man’s payout drama David Johns  The West Australian   11 February 2019 A Bedford man has urged superannuation customers to not take no for an answer after his mother, who died from cancer, was denied both income protection and death benefit payouts. Tom Power-Craig’s mother Judith Craig switched…

Monopoly Capitalism

By Steve Blizard   13 Jan 2018 Vibrant competition is essential for a capitalist economic system to function effectively. However, we are witnessing the death of competition in industry after industry as global corporations increasingly gobble up their competitors. John D. Rockefeller, one of America’s first oligopolists, famously said “competition is a sin”. Within an oligopoly market structure, limited competition exists…

COMPARING SUPER FUNDS – What exactly is a balanced fund?

  Tim Farrelly | Portfolio Construction Forum | 14 December 2018 Australia’s largest super fund, Australian Super, would have us believe a balanced fund has 80% in growth assets, the industry euphemism for risky assets. The Vanguard Balanced Fund has a more cautious 50% in growth assets. At an extreme, the Host Plus Balanced fund…

Independent Financial Advisers benefiting from Royal Commission fallout

The Royal Commission has seen a distinct shift from bank-aligned financial planners towards independents, according to Adviser Ratings managing director, Angus Woods. Speaking on a panel at the Association of Superannuation Funds of Australia (ASFA) conference in Adelaide, Woods said that his company had noted an upturn in inquiries about financial platforms, with activity doubling…