Author: Recruitment Super
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Superannuation Update: Key Reasons to Diversify Your Investment Portfolio
In the realm of superannuation news, understanding the importance of diversifying your investment portfolio is crucial for optimizing your retirement savings strategy. While the superannuation system offers significant tax benefits and is globally recognized for its effectiveness, there are instances where allocating your wealth outside of superannuation can be advantageous. Diversification is a fundamental principle…
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AMP MySuper Achieves Strong Double-Digit Returns in CY24
In recent news related to superannuation, AMP has reported robust double-digit returns for its MySuper superannuation fund options in the calendar year 2024. The AMP MySuper 1970s option, known for its high-growth asset allocation, achieved a noteworthy 15% return during this period. Members of AMP MySuper born in the 1980s and 1990s also experienced impressive…
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APRA Cracks Down on Superannuation Fund Expenditure: Transparency Initiative Launched
In a recent speech at the AFR Super & Wealth Summit 2024, APRA Deputy Chair Margaret Cole highlighted the critical role of superannuation in the financial wellbeing of Australia’s economy. With $3.9 trillion in assets under management, the super industry shoulders the responsibility of safeguarding the retirement savings of millions of Australians. However, concerns have…
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How to claim disability benefits through your super fund
Living with a disability can pose various challenges, both physically and financially. In Australia, individuals with disabilities have the option to claim disability benefits through their superannuation fund. This process can provide much-needed financial support to help individuals cope with the additional costs associated with their disability. In this article, we will delve into the…
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How to reduce insurance premiums within your super fund
Insurance premiums within super funds can sometimes be a significant expense, eating into your retirement savings. However, there are strategies you can implement to reduce these premiums and maximize your superannuation benefits. In this article, we will explore various ways to lower Insurance costs within your super fund, helping you boost your retirement savings in…
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Navigating Trump’s Impact on Super: Safeguarding Your Retirement Finances
In the realm of superannuation news, the impact of Trump’s presidency on retirement finances has been a topic of concern for many. The financial markets have experienced significant fluctuations since Trump assumed office, with billions lost one day and record highs reached the next. This market volatility, as indicated by the VIX index measuring fear…
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US Trade War Impact on Australians’ Superannuation: Experts Warn of Volatility
The escalating tensions in the US trade war are raising concerns among Australians, particularly regarding the potential impact on their superannuation funds. As US President Donald Trump imposes tariffs on various countries, including allies like Canada and Mexico, economists are warning of the detrimental effects of these actions on the global economy. Trade wars, characterized…
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Closing the Gap: Women’s Superannuation Crisis Exposed
In today’s financial landscape, the issue of superannuation for women has come under scrutiny, shedding light on a pressing crisis that demands immediate attention. As women approach retirement age, they are faced with a stark reality – their financial future is at risk, and the gender pay gap plays a significant role in exacerbating this…
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Can you claim multiple superannuation insurance benefits at once?
Superannuation insurance is designed to provide financial protection to individuals in the event of injury, illness, or death. It is a valuable benefit that many people rely on to safeguard their financial well-being. However, a common question that arises is whether it is possible to claim multiple superannuation insurance benefits at once. In this article,…
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What happens to income protection insurance when you retire?
Insurance is a valuable financial tool that provides a safety net for individuals in the event they are unable to work due to illness or injury. It offers a regular income to replace lost earnings during the period of incapacity, ensuring that policyholders can meet their financial obligations during a challenging time. However, what happens…