The core issue is to reduce underperformance and bad management. Is the “Best in Show” top 10 superannuation funds approach the correct approach? We outline our thoughts and steps to keep the focus on members’ best interests.
The level of the super guarantee contribution goes to the heart of delivering good retirement outcomes.
The superannuation Industry largely says 12%. The Grattan institute says keep at its current 9.5% level.
So what is the right level? What really matters?
In January Neekhil joined McGing. Neekhil has over 15 years’ experience as a superannuation actuary and consultant. In May we partnered with Mercer with Sean as the Life Insurance Appointed Actuary to several Friendly Societies. Our client work addressed 2018 business and operational challenges, with modelling and calculation support.
Last year, APRA proposed a principles based framework to strengthen superannuation member outcomes designed to support superannuation fund trustees to meet their obligations.
In an age of increasing expectations from financial services organisations, an explicit strong focus on member outcomes is to be welcomed.