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…

The 20 Commandments of Wealth for Retirees

By legendary financial adviser Noel Whittaker 1. Ignore the prophets of doom – they are always with us and usually wrong. 2. Make sure your children have adequate insurance. It’s much more affordable than your funding their misfortune. 3. Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your…

What two investing insights would you give your 20-year-old self?

Hamish Douglass, Magellan Asset Management Hamish Douglass My central advice would be that successful investing is about finding and then owning for the long-term companies that can generate excess returns for years to come. It’s not about looking for stocks that might come into short-term favour on stock markets. The worthwhile companies to own for…

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…