MySuper

Determining how to maximise your retirement income from the age pension and superannuation can be complex, with many needing financial advice to avoid the pitfalls, says Innova Asset Management managing director Dan Miles.

Many of the top-performing names in superannuation lead their target allocation categories over long time periods, a newly released quarterly survey from Morningstar showed. But it came with a sobering kicker: there’s still a significant account balance gender gap.

Vanguard Australia recently launched a superannuation product aimed at undercutting competitors, with a low-cost default fund option that adjusts automatically as savers age.

In what was the first face-to-face investment industry gathering for more than a year, Senator Jane Hume, the minister for superannuation, appears to be holding the Government line on proposed ‘Your Future, Your Super’ changes. This is despite almost universal and bi-partisan criticism from industry experts about the efficacy of the process to be used…