super

Christopher Joye

After promising to enact the Royal Commission's recommendations to the letter before the report was even released, and then saying it accepted all the recommendations "in principle" after the report was published (whatever that means), Labor have now rejected outright one of the Royal Commission's most important findings: that mortgage... Show More

Christopher Joye

In my first column for the year, I reflect on the debate I kicked off regarding the absence of any publicly managed super solution and the role the Future Fund could play in this context. After dealing with criticisms from vested interests, I query whether Chris Bowen has unwittingly wedged... Show More

Christopher Joye

Today I write that in 1992 Paul Keating created forced public saving via superannuation yet, in an unusual oversight for an otherwise inspired policy, offered no public super solution (click on that link to read the full column or AFR subs can click here). Excerpt only: Show More

Christopher Joye

Today I write about the following puzzle: Over 90 per cent of the equity raised by Australian companies is funded via the domestic stock market. Yet when these same companies issue safer debt (or bonds), which have predetermined returns and rank above shares in bankruptcy, local capital is suddenly missing... Show More

Elizabeth Moran

In the scramble for customers, some fund managers and superannuation providers are taking on additional risk, investing in a range of assets and deeming them ‘cash’ when clearly they are not. Show More

Christopher Joye

In the AFR today I argue that Peter Costello is right that there is a role for the government to play in providing super savers with a public sector alternative to existing super funds---in fact, I argued exactly the same thing at length way back in 2009 with my "KangaSupa"... Show More

Christopher Joye

In the AFR I argue that super funds need to radically overhaul their approach to asset-allocation by offering different options for renters and home owners, which have fundamentally different portfolio preferences given the way they are investing their wealth outside of super. The bottom line is that about half of... Show More

Daniel Mueller

Last week's AFR contains an interesting article on housing affordability and a new front on the crisis. It addresses the emerging issue of retirees draining their superannuation savings to pay off their mortgages and then go on the aged pension. Effectively defeating the purpose of superannuation. Show More

Clime Asset Management

It seems clear that Australia is heading towards an adjustment to the rate of Goods and Services Tax (GST). Further, it is likely that the scope of the GST could be extended to goods & services that were previously exempted, one of which is financial products. It has been strongly... Show More

Clime Asset Management

While Warren Buffett’s recent investment in IAG Limited suggests that parts of the Australian equity market represent a growth opportunity, it also exposed how inefficient the Australian capital market has become. In this context, efficiency is not measured by price movement or price performance; rather it is measured by the... Show More

Clime Asset Management

A new wall of super money is set to radically alter Australia’s investment market and returns. The Australian market is being hit by a compounding wall of superannuation money, which we think will significantly alter the outlook and composition of returns for the next decade. This has serious implications for... Show More

Clime Asset Management

The economic landscape as observed by RBA Governor, Glenn Stevens acknowledges that low interest rates are here to stay – no matter what happens. This is contrary to the thinking of Treasurer, Joe Hockey whom has suggested that higher rates will follow on from Australia’s debt problems. Investors may see... Show More