Bill Shorten says his proposed changes to superannuation will increase retirement savings by about $40,000 for a 30-year-old worker earning average fulltime wages. This claim, along with proposals to change superannuation, were made last month by the Minister for Financial Services and Superannuation, who says the reforms are the most significant since 9 per cent compulsory superannuation was introduced in 1992. But the claimed retirement savings increase was questioned by some fund CEOs. “It’s dangerous to say savings across the board will be that much,” says Julie Lander, CEO of [...]

Some risks can be controlled. Some are blindside shocks. Last month, superannuation fund executives gathered in Melbourne to discuss how the varying risks threatening their businesses can be managed. A greater recession Nick Bullman is a bear. A big bear. But one who wears exquisite gold cufflinks with French cuffs and a bespoke double-breasted suit. “All the data coming out of the major economies including China and India are trending down,” said the founder of CheckRisk, which analyses economic and financial market data. “We’re entering a recession that has the potential [...]