Reforms for the 20 year Super Guarantee anniversary

This year marks 20 years since the Superannuation Guarantee was introduced, so it is entirely fitting that superannuation undergoes a major reformation on reaching this significant milestone. Australia’s $1.3 trillion superannuation industry will experience significant change this year with the government’s “stronger super” reforms expected to pass through parliament and the Australian Prudential Regulation Authority finalising a prudential framework. These changes will strengthen an already robust and world-leading system. The reforms were not intended to remake the super industry, but they will, nevertheless, have a profound impact on the competitive landscape. The changes will further intensify competitive pressure in superannuation, with an even greater focus on fees, returns and overall service levels. But the benefits will not be felt immediately: it will take time for the changes to be implemented and for their effects to be noticed by super fund members.

As reported 7 January 2012 | John Brogden, The Australian, page 24


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Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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