Description
There will be 25% less super funds in Australia in five years’ time, overseeing $5 trillion in assets. In 25 years, the number of funds will have halved again, and they’ll be the stewards of some $14 trillion. They’re the top-line predictions of Mercer’s inaugural Shaping Super report which looks at the state of our super system, how it’s evolving, and what super funds need to do to survive. Financial Standard managing editor Jamie Williamson is joined by the report’s lead author, Mercer principal Richard Dunn, and superannuation consulting leader Tim Jenkins to discuss the findings.
The largest cohort in Australia’s history are entering, or about the enter, retirement with the ABS estimating 710,000 Australians will retire in the next five years.
As the superannuation system prepares for this major change, many retirees are considering annuities as a way to ensure an income...
Published 11/20/24
In part two of celebrating this year’s Power50 list, we talk to Fox & Hare Financial Advice co-founder Glen Hare about what being influential means to him. A champion for the profession, Glen has appeared on the Power50 list for the sixth time.
Published 11/13/24