SPECULATION about further changes to superannuation on top of those proposed in the May budget is adding to the fear and insecurity felt by superannuants.
With another cut in the cash rate by the Reserve Bank last week, the 2 million self-funded and partly self-funded retirees are entitled to feel hard done by.
IT MIGHT spell good news for those with a mortgage, but the August 2 interest rate cut has been described as bad news for retirees by National Seniors Australia.
Retirees are increasingly accessing their superannuation through income streams rather than withdrawing lump sums, according to new analysis released by the Australian Bureau of Statistics (ABS).
SuperGuard360 service is designed to help safeguard DIY fund trustees against fraud and theft or misconduct and to hold their hands if something goes wrong.
Some 26 per cent of Australian workers believe that property will help to fund their lifestyles after they leave the workforce, a survey by global banking heavyweight HSBC found. Internationally, an average of just 12 per cent of savers are as optimistic about their property investments.
The year to June 30 has been one of the most volatile for superannuation account balances since the global financial crisis.
The close election result could spell the death knell for the Coalition's proposals to reform the superannuation system, even if it is returned to government.
Families could lose out on superannuation death benefits under budget changes that have been largely overshadowed by discussion of the broader superannuation reforms.