Podcasts about superannuation funds

Do you ever wonder if you have enough superannuation? This episode is your no-stress guide to checking your super balance, setting clear goals, and taking simple steps to secure your future. It's packed with practical tips to help you feel confident about your retirement savings—no jargon, just straight answers.    Here's what you'll learn  ❓ How much super do you need? Get clear on your retirement goal with benchmarks like the Association of Superannuation Funds of Australia (ASFA) standards. 

澳洲退休公積金協會（Association of Superannuation Funds of Australia）發布最新數字顯示，只有大約三分之一的澳洲人靠退休公積金結餘來過舒適的退休生活。

As we enter yet another round of the superannuation debate, I note it was led off last week by a group that wanted what they termed a “top up“, i.e. a pay rise for those who couldn't save.  You can see how fraught that concept is from the get go.  Why couldn't you save? You had 40 years. Actually, that's another aspect of this whole mess that's changed.  Do you have 40 years? Or 50 years? People work longer so surely a chance to save more?  Superannuation fits an almost unique category of topics that is so entrenched it won't change.  It's a futile exercise. A few bring it up, only to be beaten down by the time-honoured belief that, for whatever reason, if you get to 65 you are owed something by the state if you paid your taxes.  Of course, your taxes have been well and truly spent. For most people, whatever you handed over is long gone and in that is one of the great sadnesses of the New Zealand economic story.  We have very few net creditors, but a lot of net debtors.  People who actually pay more to the system than take from it are rare indeed.  When I started work in 1982, I took out a scheme whereby if you put a few dollars a week aside you would become a millionaire by the time you got to 60. I had completely forgotten about it, mainly because I stopped paying because I worked out it was bollocks.  I was reminded the other night when a text came through from an old girlfriend who had, when we were together, taken out her own but had stuck with it.  40 years later she was to collect $106,000.  Not quite a millionaire and not really a stunning return on investment.  But what I had worked out all those years ago was the Government were not to be part of my retirement. Why would they be?  Governments let you down. Governments change rules and have their own interests at heart, not yours.  So I sorted myself. Am I lucky? Not really.  Did I work hard? Yes.  Do I care what the retirement age is? No.  Do I care what the rules are? No.  That's the value of charting your own course and not being beholden to overlords. See omnystudio.com/listener for privacy information.

Donald Trump's former communications adviser Anthony Scaramucci is backing US Vice President Kamala Harris to win November's presidential election. However, he's warned that Republican contender Donald Trump is a dangerous man and there will be problems for the world if the former president wins. Mr Scaramucci briefly worked for Mr Trump before being sacked in 2017. The US investor runs hedge fund SkyBridge Capital and he was in Australia this week to attend the Association of Superannuation Funds investment summit. He says the US central bank has waited too long to cut official interest rates and that's put the US economy at risk of a recession. But Mr Scaramucci told reporter Sue Lannin that he expects three US rate cuts this year.

The 2024 financial year proved a good one for superannuation funds with the median growth fund - which has between 61 and 80 per cent of funds in growth assets - returning 9.1 percent, That is about the same as the previous year, and well above the target for most super funds. It is the 13th positive return in 15 years, but can it continue? Mano Mohankumar, Chant West Senior Investment Research Manager, reveals that the strong returns were boosted by international investment and the high performing tech sector, with both retail and industry funds performing well.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

You've probably never heard of GROW Super or GROW Inc. And that's just the way co-founder and CEO Mathew Keeley likes it. But GROW Inc is solving some of the logjam problems in the “back office” administration of our massive Superannuation Funds. GROW Inc instigated a new way for Superannuation fund customers like you and I, to better access and engage with our Super Funds, by creating and building an innovative administration software using blockchain, or Distributed Ledger Technology. GROW Inc claims its platform transforms legacy systems and business models and allows fund managers and their funds to offer more streamlined, real time information to customers about their Super. So how did a 5th generation farm boy, end up revolutionising the way Superannuation Funds interact with clients and members, giving as easy an experience for fund members as Amazon gives their online shoppers? And how the heck did Mat Keeley, with a tiny team of only 36 employees at the time, persuade one of the world's biggest wealth managers, the US giant Vanguard – with something like $10 Trillion in their care – to take a punt on his Super fund “back office” platform GROW Inc?  Well, tune in right now and you'll find out. Enjoy Mathew Keeley's extraordinary journey with GROW Inc.See omnystudio.com/listener for privacy information.

According to a recent report by the Association of Superannuation Funds of Australia (ASFA), Australians from non-English speaking backgrounds experience a substantial superannuation gap. The analysis indicates that, on average, these individuals are about $140,000 worse off in retirement compared to those who are fluent in English. Financial Advisor Deepak Bansal examines the underlying causes of this disparity and offers guidance on effective future planning strategies.

RTBU branch secretary Vik Sharma joined Heidi Murphy on 3AW Drive to talk about the class action launched today in conjunction with Gordon Legal. See omnystudio.com/listener for privacy information.

Australia's housing crisis is at its worst. Many young people are unable to buy houses. Due to this, the Australian opposition has proposed to provide money for the initial deposit required to get houses from the Superannuation Fund. While this is a relief to first home buyers, it also has the potential to create a host of problems. Listen to SBS sinhala podcast for more information. - ඔස්ට්‍රේලියාවේ නිවාස අර්බුධය ඉතාම උග්‍ර තත්වයක පවතී. බොහෝ තරුණ පිරිස් වලට නිවාස මිලදීගැනීමට නොහැකි තත්වයක් උද්ගත වී තිබේ. මේ හේතුවෙන් ඕස්ට්‍රේලියානු විපක්ෂය Superannuation අරමුදලෙන් නිවාස ලබාගැනීමට අවශ්‍ය මූලික තැන්පතුව සඳහා මුදලක් ලබා දීමට යෝජනා කර තිබේ. මෙය පළමු නිවාස ගැනුම් කරුවන්ට යම් සහනයක් වනවා සේම මේ නිසා විශාල ගැටළු ප්‍රමාණයක් නිර්මාණය වීමේ හැකියාවද පවතී.

Interview with Natalya Сlack, an expert in the Self-Managed Superannuation Funds, about the increase in the number of deceptions and the most common types of fraud in the field of self-managed pension funds (SMSF). - Интервью с Натальей Клак, экспертом в области Self-Managed Superannuation Fund, об увеличении числа обманов и о самых распространенных видах мошенничества в сфере самостоятельно управляемых пенсионных фондов (SMSF).

Retirement is a phase of life that many of us eagerly look forward to. It's a time to slow down, relax, and pursue our passions. But with the rising cost of living, it's essential to make sure that our retirement savings can fund the life we've been dreaming about.  In the second instalment of our new Q&A series, Australian Retirement Trust Member Education teammates April Smith and Kane Everingham answer our top 10 most asked retirement questions and provide valuable insights and tips to help you retire well with confidence. So, whether you're just starting to plan for retirement, or already in the thick of it, watch or listen now to learn how to make the most of your super and enjoy the retirement you deserve.  QUESTIONS  1:40 What age can I retire?  3.33 How much super do I need to retire?  7.23 How do I know if I'm on track?  9.33 What can I do if I'm not on track?  9.40 What are some ways I can grow my super?  10.53 What rules are there for accessing your super?  12.21 Should I fully retire or semi-retire?  14.25 How does a transition to retirement account work?  15.47 What's a transition to retirement strategy?  17.02 Is it easy to plan your retirement yourself?  18.28 (Bonus question) Where to next?  IF YOU LIKED THIS EPISODE, YOU MAY LIKE:  Five easy ways to grow your super today  How much super you need to retire – and how to get it  Transition to retirement – your guide to accessing your super while still at work  RECOMMENDATIONS:  Association of Superannuation Funds of Australia Retirement Standard via SuperGuru.com.au  Australian Retirement Trust Retirement Forecaster    FOLLOW SUPER INSIDER on Apple Podcasts and Spotify    GET IN TOUCH:  We'd love your feedback for Super Insider including topics or questions you'd like us to cover in future episodes. Please email us at podcast@art.com.au                                       CREDITS:  Host: Anne Fuchs, Australian Retirement Trust Executive General Manager of Advice, Guidance and Education.  Guests: April Smith, Member Education Officer, Kane Everingham, Team Leader Member Education    This information and all products are issued by Australian Retirement Trust Pty Ltd ABN 88 010 720 840 AFSL No. 228975, the trustee of the Fund, Australian Retirement Trust ABN 60 905 115 063. Any reference to "QSuper" is a reference to the Government Division of the Fund. This is general information only and does not take into account the investment objectives, financial situation or needs of any particular individual. You should consider if the information is appropriate to your own circumstances before acting on it. You should also consider the relevant Product Disclosure Statement (PDS) before deciding to acquire or continue to hold any financial product and also the relevant Target Market Determination (TMD). For a copy of the PDS or TMD, please phone 13 11 84 or go to the Australian Retirement Trust website at art.com.au/pds or for QSuper products visit qsuper.qld.gov.au/pds or call us on 1300 360 750 for a copy. 

SBS Russian spoke to accountant Natalia Clack about the most common misconceptions about pension funds, and the pros and cons of using a Self-Managed Superannuation Fund (SMSF) to buy property. - SBS Russian погвоорили с Натальей Клак, экспертом в области Self-Managed Superannuation Fund, самостоятельно управляемых пенсионных фондов.

In this special episode, we are featuring That Digital Show. In Australia, every employee is required to select their superannuation fund of choice to help them invest a portion of their income. Having celebrated its 40th anniversary recently, UniSuper, one of Australia's largest superannuation funds, is committed to delivering value and efficiency for its members. Started as a fund for the higher education and research sector, it has now opened its platform to all industries across the country. Today, UniSuper invests more than $120 billion on behalf of more than 620,000 members. With the new Treasury Laws Amendment Act 2021, Your Future, Your Super, that aims to improve the outcome of superannuation funds for Australians, UniSuper decided to undergo a data centre transformation, taking on an 80/20 rule on cloud hosting and adopting the right digital technologies to improve its performance and portfolio. In this episode, Angelo talks about how Google Cloud VMware Engine (GCVE) underpins UniSuper's shift to the cloud as it moves existing VMware-based workloads from on-premises data centers to the cloud. This enables the organization to quickly scale up while having the flexibility and agility it needs to drive operational efficiencies as it continues to deliver the best returns for its customers. He also shares how the COVID-19 pandemic presented him with some crucial moments of thought that have resulted in some of the changes in best practices across the organization today. Angelo Furina, Head of Enterprise Infrastructure & Cloud Angelo is the Head of Enterprise  Infrastructure and Cloud at UniSuper and is passionate about business transformation and bridging the gap between technology and business strategy. With more than a decade of industry experience, Angelo has delivered technology solutions across manufacturing, telecommunications, media and finance.  Theo Davies Theo is the Head of Cloud Sales Excellence & Productivity at Google Cloud. He is a record-breaking salesperson, sales leader, coach and speaker with a 20+ year career beginning in sales. Theo is also the President of the Google Public Speaking Academy.  

Assistant Treasurer Stephen Jones on what super funds need to do; what will the RBA do about interest rates and a cautionary tale about business expenses.

How much money do you need to retire?  It's a question we get a lot here at Money Magazine - I mean a lot! The latest numbers are out from The Association of Superannuation Funds of Australia (ASFA) on how much you need in your super account to retire well. This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Virgin Money Super's general manager, Christopher Sozou, about the facts and figures of retirement. Contributions vs earnings Is super a good investment nest egg? What's the magic number needed to retire? What if I don't own a home? Accumulation vs pension phase Where to get advice? Links: virginmoney.com.au superannuation.asn.au *Our thanks to Virgin Money Super for sponsoring this podcast **Figures quoted in the podcast are updated frequently on the ASFA website #friendswithmoney #supernumbers #michellebaltazar #virginmoneysuper #virginmoneyau Listen on Apple Podcasts: https://apple.co/3mV0Cbr   Listen on Google Podcasts: https://bit.ly/3qGfsoL Listen on Spotify: https://spoti.fi/3fSPI2h Website: https://moneymag.com.au Email: podcast@moneymag.com.au Youtube: Podcast playlistSee omnystudio.com/listener for privacy information.

GUEST 1 OVERVIEW: Dr Daniel Mansfield is an award-winning educator with an interest in Babylonian mathematics. He enjoys teaching and solving ancient mathematical mysteries. His awards include:  - 2021 Science Staff Excellence Awards - Highly Commendable Recognition in the category of Communication Impact - 2018 Australian Mathematical Society Teaching Award (Early Career) - 2017 KPMG Most Inspiring Lecturer in First Year GUEST 2 OVERVIEW: Steve Blizard is an Authorised Investment Adviser with Roxburgh Securities & a Life Broker with Investwest Life Brokerage / MyWealth Concierge. Roxburgh Securities manages over $200 Million in Superannuation Funds, specialising in family Self-Managed Super Funds. Steve's experience ranges from administration of Superannuation to advice regarding insurance, retirement, aged care costs, remuneration and investment planning. For many years Steve has been involved with drug rehabilitation counselling at Shalom House (Perth/Kalgoorlie/Melbourne), mentoring men of all ages.

Salaried employees start their investment journey right after their first employer opens an EPF account for them. EPF investment alone cannot be enough. There are other investment tools such as VPF, NPS and superannuation funds that must be considered. Catch Aprajita Sharma of Mint Money in a discussion with Anurag Jain, co-founder & partner at ByTheBook Consulting LLP to hear practical aspects of retirement portfolio.

The departing CEO of the New Zealand Superannuation Fund questions its tax status. Inland Revenue announces a review of the rules relating to the donation tax credit. A new policy framework for managing debt owed to the government PREFU's $5 billion hole in the government books no one is worried about

The outgoing New Zealand Superannuation Fund CEO has slammed the near-$10 billion tax bill as 'nonsensical'. Matt Whineray believes the Superannuation Fund should have tax immunity status, according to an exit interview.  NZME business commentator Fran O'Sullivan says the next Government will need to make choices about the state of the fund. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The outgoing New Zealand Superannuation Fund CEO has slammed the near-$10 billion tax bill as 'nonsensical'. Matt Whineray believes the Superannuation Fund should have tax immunity status, according to an exit interview.  NZME business commentator Fran O'Sullivan says the next Government will need to make choices about the state of the fund. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Federal Government has adopted 14 of the 22 recommendations in the Quality of Advice Review including expanding the scope of advice to superannuation funds in a move designed to improve access and reduce the cost of advice for consumers, but what will this mean for consumer protections? SBS Finance Editor Ricardo Gonçalves speaks with ASFA CEO Glen McCrea to find out more, plus the day on the markets with Josh Gilbert from eToro.

The Federal Government has adopted 14 of the 22 recommendations in the Quality of Advice Review including expanding the scope of advice to superannuation funds in a move designed to improve access and reduce the cost of advice for consumers, but what will this mean for consumer protections? SBS Finance Editor Ricardo Gonçalves speaks with ASFA CEO Glen McCrea to find out more, plus the day on the markets with Josh Gilbert from eToro.

Glen McCrea, CEO, Association of Superannuation Funds of Australia speaks with Matthew Pantelis and explains the new figures showing how much you will need to retire with.See omnystudio.com/listener for privacy information.

CLIMATE ACTION SHOW March 20th 2023Produced by Vivien Langford H E L L  O N  E A R T HAccording to Australian Climate Scientist , the late Professor  Will Steffen, we are risking billions of deaths and hell on earth. Tipping points are tipping and this generation will determine the fate of life on earth in all its bio-diversity. Let's convince Super funds that there is nothing better to invest your money in than the continuity of life. Tell them how to vote at the next bank AGM.  Guests :Pablo Brait  - Market Forces- https://www.marketforces.org.au/were-your-retirement-savings-used-to-block-climate-action/Fahimah, Chris, Bubbly and Manjot -  Move Beyond Coal - https://www.movebeyondcoal.com/who_we_are(link is external)Naomi Klein - The Intercept on Cop 27https://theintercept.com/2022/10/04/cop27-egypt-climate-summit/(link is external)https://www.theguardian.com/environment/2022/oct/18/greenwashing-police-...(link is external)Ineza Grace from Rwanda - The African COP -https://theelders.org/news/loss-and-damage-financing-will-mean-there-hop...(link is external) Birdsong from Botswana and Ballad sung by Robert Farmer: The coal owner and poor pitman's wife.News from  Environs Kimberley and The Beetaloo Basin WHITEHAVEN AGM /MOVE BEYOND COALORIGIN MOVES SLIGHTLY AWAY FROM GASThe Climate Action groups co operating with Move Beyond Coal are  the best of civil society. Some of those working for years to alert  us to the danger of new coal and gas projects  are 350 Pacific, Pacific Climate Warriors , lock the gate alliance, School strike4Climate, SAPNA South Asian  Climate Solidarity, Green Left, Doctors for the Environment, ARRCC, The sum of us and many more. They gathered outside The Mint in Sydney on Oct 26th for the Whitehaven Coal Company's AGM. Proxy shareholders inside proposed that Whitehaven use windfall profits  to manage down its mines and ensure the transition of the workforce. Later that day Market Forces sent us a message that MANY more shareholders this year supported the resoluion. Pablo Brait  explains  how this happened.Meanwhile Origin Energy is withdrawing from its gas exploration in the Kimberley WA according to Environs Kimberley and from the Beetaloo Basin in NT according to ABC.https://www.environskimberley.org.au/https://www.abc.net.au/news/2022-09-20/nt-origin-quitting-beetaloo-proje...(link is external) As Pablo says the trend away from coal at least is clear but it is all too slow. If  you are a member of a Superannuation Fund it will have shares in the big banks. It's a simple thing to ring your fund and ask them to support the Market Forces resolution at this year's AGM for NAB, Westpac or ANZ.CHECK it out here: https://www.marketforces.org.au/were-your-retirement-savings-used-to-block-climate-action/CBA shareholders have mostly voted against the resolution already so  lets pull out the stops: https://www.marketforces.org.au/tag/cba/ 

In Episode 109 of the No Limitations podcast The Fear of Going Into the Unknown, Blenheim Partners' Gregory Robinson speaks to Deanne Stewart, Chief Executive Officer of Aware Super, one of Australia's leading superannuation funds with over 1.2 million members and $155bn in funds under management. Driven by the aim to help their members achieve the retirement they want and deserve while supporting the communities in which they live, work and retire, Deanne shares with us what's on the mind of an industry fund leader in 2023. Greg and Deanne discuss the challenges and opportunities in Australia's unique system, adapting to the ever-changing social landscape and some of the most exciting technological changes Australia's superannuation industry is about to witness. Deanne also serves as a Director of the Association of Superannuation Funds of Australia, the Australian Council of Superannuation Investors and non-profit organisation Redkite. She was previously Chief Executive Officer of MetLife Australia and before that held senior roles within BT Financial Group and Merrill Lynch Investment Management in New York.   Please note: this episode was recorded on 7 February 2023.  See omnystudio.com/listener for privacy information.

When can you retire and how much super will you need to live comfortably? This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Jeremy Lack, Financial Advisor at TelstraSuper, about retirement, Super, and the age pension. In this episode, we talk about: What is the retirement age? How much Super do you need to retire? Who can access the age pension? How to make the most of your Super Links: The Association of Superannuation Funds of Australia (ASFA) TelstraSuper Australian Age Pension #friendswithmoney #telstrasuper #jeremylack Listen on Apple Podcasts: https://apple.co/3mV0Cbr   Listen on Google Podcasts: https://bit.ly/3qGfsoL  Listen on Spotify: https://spoti.fi/3fSPI2h  Website: https://moneymag.com.au  Email: podcast@moneymag.com.au    Jeremy Lack is a financial adviser with TelstraSuper Financial Planning ABN 74 097 777 725 and AFS Licence No. 218705. TelstraSuper Financial Planning provides the financial advice service to members of TelstraSuper. Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person. Before you buy any TelstraSuper financial product, you should read the product disclosure statement and the target market determination available on the Fund's website and consult a licensed financial adviser.See omnystudio.com/listener for privacy information.

CLIMATE ACTION SHOW NOVEMBER 7TH 2022Produced by Vivien Langford H E L L  O N  E A R T HAccording to Australian Climate Scientist Professor  Will Steffen, we are risking billions of deaths and hell on earth. Tipping points are tipping and this generation will determine the fate of life on earth in all its bio-diversity. Let's convince Super funds that there is nothing better to invest your money in than the continuity of life. Tell them how to vote at the next bank AGM.  Guests :Pablo Brait  - Market Forces- https://www.marketforces.org.au/were-your-retirement-savings-used-to-block-climate-action/Fahimah, Chris, Bubbly and Manjot -  Move Beyond Coal - https://www.movebeyondcoal.com/who_we_areNaomi Klein - The Intercept on Cop 27 https://theintercept.com/2022/10/04/cop27-egypt-climate-summit/https://www.theguardian.com/environment/2022/oct/18/greenwashing-police-state-egypt-cop27-masquerade-naomi-klein-climate-crisisIneza Grace from Rwanda - The African COP -https://theelders.org/news/loss-and-damage-financing-will-mean-there-hope-climate-justiceMusic from Egypt - Oum Kalthoum and Birdsong from BotswanaNews from  Environs Kimberley and The Beetaloo Basin WHITEHAVEN AGM /MOVE BEYOND COALORIGIN MOVES SLIGHTLY AWAY FROM GASThe Climate Action groups co operating with Move Beyond Coal are  the best of civil society. Some of those working for years to alert  us to the danger of new coal and gas projects  are 350 Pacific, Pacific Climate Warriors , lock the gate alliance, School strike4Climate, SAPNA South Asian  Climate Solidarity, Green Left, Doctors for the Environment, ARRCC, The sum of us and many more. They gathered outside The Mint in Sydney on Oct 26th for the Whitehaven Coal Company's AGM. Proxy shareholders inside proposed that Whitehaven use windfall profits  to manage down its mines and ensure the transition of the workforce. Later that day Market Forces sent us a message that MANY more shareholders this year supported the resoluion. Pablo Brait  explains  how this happened.Meanwhile Origin Energy is withdrawing from its gas exploration in the Kimberley WA according to Environs Kimberley and from the Beetaloo Basin in NT according to ABC.https://www.environskimberley.org.au/https://www.abc.net.au/news/2022-09-20/nt-origin-quitting-beetaloo-project-may-signal-gas-decline/101454668 As Pablo says the trend away from coal at least is clear but it is all too slow. If  you are a member of a Superannuation Fund it will have shares in the big banks. It's a simple thing to ring your fund and ask them to support the Market Forces resolution at this year's AGM for NAB, Westpac or ANZ. CHECK it out here: https://www.marketforces.org.au/were-your-retirement-savings-used-to-block-climate-action/CBA shareholders have mostly voted against the resolution already so  lets pull out the stops: https://www.marketforces.org.au/tag/cba/    

When we are heading towards retirement there are ways we can access our superannuation fund. Mr Renganathan who is a Tax Accountant in Brisbane explains about the rules and regulation behind accessing superannuation at our retirement. Program produced by Selvi.

Today we'll be discussing digital transformation, what it means for trustees, why it is important, the role of change management and much more Guest Chris Randle, Principle Consultant at IQ Group Host Garry West, Senior Manager, Media and Communications, AIST

The financial regulator, The Australian Prudential and Regulatory Authority (APRA), has revealed five superannuation funds have failed its annual performance test. Four out of those five have failed for the second time. - எமது ஓய்வூதியமான Superannuation கணக்குகளைப் பராமரிக்கும் ஐந்து நிறுவனங்களின் செயற்பாடுகள் அதன் கட்டுப்பாட்டு தரங்களுக்கு செயல்படவில்லை என்று நிதி சேவைகள் வழங்கும் நிறுவனங்களைக் கண்காணிக்கும் ஆஸ்திரேலிய நிதிச் சேவைத் துறையின் கட்டுப்பாட்டாளர் - The Australian Prudential Regulation Authority, சுருக்கமாக APRA, அறிவித்துள்ளது.

Was I the only person in the country taken by complete surprise yesterday when Finance Minister Grant Robertson announced that the Government is going to spend $2.1 billion to buy Kiwibank? $2.1 billion. And even then people in the banking and finance sector are saying that it won't mean much because, for Kiwibank to live up to its true potential, it needs a whole lot of investment if it's going to become a genuine competitor with the big Australian banks. Which is something the Government says it might do but I'll believe that when I see it, because I don't see a government-owned bank being a vote-catcher - and if something isn't a vote-catcher then, generally, it goes nowhere. A banking specialist at Victoria University Wellington, Martien Lubberink, is mystified as to why the Government would want to own a bank. He's saying today that we're funding a very risky, probably non-viable institution, which "is not great, if you ask me”. And I couldn't agree with him more. In fact, “not great” is putting it mildly. What I'd say about it, is that it's just another example of the current government letting ideology rule its thinking. Because, apparently, the SuperFund wanted to take a bigger stake in Kiwibank providing it had the flexibility to allow private investors to get in on the action. But the Government wasn't going to have a bar of that. Grant Robertson couldn't bring himself to let that happen and so he's reached down the back of the chair, found a couple of billion dollars and announced that the Government will buy it outright. That's if the Reserve Bank gives it the nod. But I don't think the Government would be announcing this if that part of it was anything more than a formality. So it will happen and the Government will have its hands all over Kiwibank. And what those-in-the know see happening, is the only further investment the Government might make into its bank is stepping in sometime in the future if debt needs to be paid off which, in effect, would make Kiwibank what the experts call a “zombie bank”. Which is a bank that only continues to operate because a government acts as a bit of an ambulance at the bottom of the cliff. I heard one expert on Newstalk ZB this morning saying that Kiwibank has provided an illusion of competition in the banking sector, but it's never actually been able to compete with the big banks because it doesn't offer everything the Aussie outfits offer. And, in the years since the late Jim Anderton pushed hard for a one hundred percent New Zealand-owned bank - and got what he wanted - it's only been a small player in the market and is probably going to stay that way. Which is largely being put down to the bank not having the capital to expand and grow. And, from what I'm reading, there aren't many people around the traps who think that's going to change with the Government in charge. Yes, it's spending $2.1 billion buying Kiwibank from New Zealand Post, ACC and the Superannuation Fund - because those outfits don't see owning a bank fitting with their “long term strategic and investment plans. But the Government isn't going to keep pouring money into it and so not much is going to change. The question it raises, though, is this: is a state-owned bank really a priority right now? My answer to that would be “no”. I am not a Kiwibank customer. Never have been. And that's probably because I don't give two hoots whether a bank is locally-owned or not. That's why I could never appreciate the fire Jim Anderton had in his belly over a New Zealand-owned bank. I actually think the country has moved on from those days and I think we're over that whole thing about the Aussies taking over everything from pavlova, Phar Lap and our banking system. And I suspect that most of us - whether we have accounts with Kiwibank or not - will be thinking today that the Government has failed to read the room, because I think there is a lot more to worry about these days than whether-or-not we have a New Zealand-owned bank. In fact, I'd go as far as saying that I think spending $2.1 billion buying Kiwibank is the last thing we need from the Government right now - especially if the experts are right, and it's not going to deliver anything meaningful for the people of New Zealand. As far as I'm concerned, spending $2.1 billion to defend some sort of government ideology is never good grounds for investment of any sort. Particularly, when it is an investment made on behalf of the taxpayer.See omnystudio.com/listener for privacy information.

Was I the only person in the country taken by complete surprise yesterday when Finance Minister Grant Robertson announced that the Government is going to spend $2.1 billion to buy Kiwibank? $2.1 billion. And even then people in the banking and finance sector are saying that it won't mean much because, for Kiwibank to live up to its true potential, it needs a whole lot of investment if it's going to become a genuine competitor with the big Australian banks. Which is something the Government says it might do but I'll believe that when I see it, because I don't see a government-owned bank being a vote-catcher - and if something isn't a vote-catcher then, generally, it goes nowhere. A banking specialist at Victoria University Wellington, Martien Lubberink, is mystified as to why the Government would want to own a bank. He's saying today that we're funding a very risky, probably non-viable institution, which "is not great, if you ask me”. And I couldn't agree with him more. In fact, “not great” is putting it mildly. What I'd say about it, is that it's just another example of the current government letting ideology rule its thinking. Because, apparently, the SuperFund wanted to take a bigger stake in Kiwibank providing it had the flexibility to allow private investors to get in on the action. But the Government wasn't going to have a bar of that. Grant Robertson couldn't bring himself to let that happen and so he's reached down the back of the chair, found a couple of billion dollars and announced that the Government will buy it outright. That's if the Reserve Bank gives it the nod. But I don't think the Government would be announcing this if that part of it was anything more than a formality. So it will happen and the Government will have its hands all over Kiwibank. And what those-in-the know see happening, is the only further investment the Government might make into its bank is stepping in sometime in the future if debt needs to be paid off which, in effect, would make Kiwibank what the experts call a “zombie bank”. Which is a bank that only continues to operate because a government acts as a bit of an ambulance at the bottom of the cliff. I heard one expert on Newstalk ZB this morning saying that Kiwibank has provided an illusion of competition in the banking sector, but it's never actually been able to compete with the big banks because it doesn't offer everything the Aussie outfits offer. And, in the years since the late Jim Anderton pushed hard for a one hundred percent New Zealand-owned bank - and got what he wanted - it's only been a small player in the market and is probably going to stay that way. Which is largely being put down to the bank not having the capital to expand and grow. And, from what I'm reading, there aren't many people around the traps who think that's going to change with the Government in charge. Yes, it's spending $2.1 billion buying Kiwibank from New Zealand Post, ACC and the Superannuation Fund - because those outfits don't see owning a bank fitting with their “long term strategic and investment plans. But the Government isn't going to keep pouring money into it and so not much is going to change. The question it raises, though, is this: is a state-owned bank really a priority right now? My answer to that would be “no”. I am not a Kiwibank customer. Never have been. And that's probably because I don't give two hoots whether a bank is locally-owned or not. That's why I could never appreciate the fire Jim Anderton had in his belly over a New Zealand-owned bank. I actually think the country has moved on from those days and I think we're over that whole thing about the Aussies taking over everything from pavlova, Phar Lap and our banking system. And I suspect that most of us - whether we have accounts with Kiwibank or not - will be thinking today that the Government has failed to read the room, because I think there is a lot more to worry about these days than whether-or-not we have a New Zealand-owned bank. In fact, I'd go as far as saying that I think spending $2.1 billion buying Kiwibank is the last thing we need from the Government right now - especially if the experts are right, and it's not going to deliver anything meaningful for the people of New Zealand. As far as I'm concerned, spending $2.1 billion to defend some sort of government ideology is never good grounds for investment of any sort. Particularly, when it is an investment made on behalf of the taxpayer.See omnystudio.com/listener for privacy information.

The government is the country latest bank manager. The Crown is buying Kiwi Group Holdings, the company that owns Kiwibank and the soon-to-be-sold Kiwi Wealth, from the Superannuation Fund, ACC and NZ Post. The government says it intends keeping a sensible distance between itself and the day-to-day running of its latest asset. The Prime Minister says it was both exciting and reassuring that the government will "safeguard" Kiwibank's long-term future in New Zealand ownership. Finance Minister Grant Robertson spoke to Corin Dann.

The Government has become the country's latest bank manager. It's announced the Crown is buying Kiwi Group Holdings, the company that owns Kiwibank and the soon-to-be-sold Kiwi Wealth, from the Superannuation Fund, ACC and NZ Post. The government says it intends keeping a sensible distance between itself and the day-to-day running of its latest asset. So what does the opposition think? Michael Woodhouse is the National Party spokesperson for state-owned enterprises, he spoke to Corin Dann.

The government has announced this morning it is taking direct control of Kiwibank, buying the holding company which owns the bank from the Superannuation Fund, ACC, and NZ Post. The Super Fund is being paid 527-million dollars for its 25 percent stake. The Super Fund's chief executive Matt Whineray says it considered buying some or all of NZ Post's stake but the government would not agree to having private money in Kiwibank nor give the Fund a free hand on whom it might sell its stake to. He speaks with Kathryn Ryan.

Discount link (get 6 months of bitcoin Auto-Send withdrawals for free): https://www.hardblock.com.au/join/ozbitcoinpod Hosts: https://twitter.com/mission_bitcoin & https://twitter.com/jeremy_m16 Sponsored by HardBlock: https://www.hardblock.com.au Notes Why did we set up a Self-Managed Superannuation Fund (SMSF)? - consolidating superannuation fund management fees - investment fund managers have no "skin in the game" and their choices may be influenced by the "path of least resistance" (eg, government regulations, internal business policies, incentives they receive for certain investments, not wanting to take career risk on new asset classes, etc) - ability to buy and self-custody bitcoin (and other assets), and to have overall autonomy and flexibility in terms of investment choices What was the process of setting up our SMSFs? - Step 1: Choosing a SMSF Administrator (or changing to a new one) - Step 2: Establishing the fund (eg, choosing individual or corporate trustee setup, completing the right documentation, establishing a fund investment strategy) - Step 3: Setting up a SMSF bank account (eg, using the SMSF name, tax file number, and Australian business number) - Step 4: Setting up a SMSF HardBlock account (similar to the bank account step above) - Step 5: How to roll-over existing superannuation into your new SMSF, or make fresh contributions to the SMSF - Step 6: Deciding how / where to store your bitcoin (eg, self-custody vs exchange vs third-party custody service) - Step 7: Buying bitcoin from the exchange (and keeping appropriate records) - Step 8: Withdrawing bitcoin from the exchange to self-custody (and again, keeping appropriate records) - Step 9: Completing the annual lodgement process (e.g., summarising buy, sell, and withdrawal records; proving ownership of the bitcoin; and passing the sole purpose test) How did we decide what to invest in? - saving in hard money (eg, bitcoin, gold) versus investing (ie, risk taking) in property, collectibles, stocks, or bonds versus holding currency (ie, dollars) - learning how to value an investment (eg, if it's a stock, looking at the company's roadmap, leadership team, assets, liabilities, cash flow, and current market capitalisation) - doing your own research or paying for a subscription to expert research (and you can use your SMSF to foot the bill!) - ideally choose money or assets that: 1) are not currently overvalued, 2) have good long-term fundamentals, 3) have ample liquidity and ability to sell small portions, and 4) have low or no counterparty risk - consider the contrarian mindset (ie, you might not want to be in "crowded investments") - keep in mind risk management and the fact you cannot predict black swan events - if you decide to primarily hold hard money, then keep in mind the properties of good money: scarcity, durability, immutability, portability, acceptability/recognisability, divisibility, and fungibility Resources https://www.hardblock.com.au/SMSF-bitcoin-investment https://youtu.be/MqQPbD9jQr8 https://en.wikipedia.org/wiki/List_of_Australian_exchange-traded_funds https://doomberg.substack.com/ https://www.grant-williams.com/

Retirees struggling with the rising cost of living are being encouraged by the Association of Superannuation Funds of Australia (ASFA) of Australia to access their super to help out.

Retirees struggling with the rising cost of living are being encouraged by the Association of Superannuation Funds of Australia (ASFA) of Australia to access their super to help out.

https://www.hardblock.com.au/join/ozbitcoinpod The Australian Bitcoin Podcast is focused on Australian bitcoin and privacy content, including educational episodes, recent news, and guest interviews. Thanks to our guest: Zoe from www.smsfwarehouse.com.au (www.superannuationwarehouse.com.au) Host: https://twitter.com/mission_bitcoin Sponsored by HardBlock: https://www.hardblock.com.au Notes - Who is Zoe and what does SMSFWarehouse do? - What is a self-managed superannuation fund? How does it differ from standard retail or industry super funds? Walkthrough: - Step 1: Choosing a SMSF Administrator (or changing to a new one) - Step 2: Establishing the fund (eg, choosing individual or corporate trustee setup, completing the right documentation, establishing a fund investment strategy) - Step 3: Setting up a SMSF bank account (eg, using the SMSF name, tax file number, and Australian business number) - Step 4: Setting up a SMSF Hardblock account (similar to the bank account step above) - Step 5: How to roll-over existing superannuation into your new SMSF, or make fresh contributions to the SMSF - Step 6: Deciding how / where to store your bitcoin (eg, self-custody vs exchange vs third-party custody service) - Step 7: Buying bitcoin from the exchange (and keeping appropriate records) - Step 8: Withdrawing bitcoin from the exchange to self-custody (and again, keeping appropriate records) - Step 9: Completing the annual lodgement process (e.g., summarising buy, sell, and withdrawal records; proving ownership of the bitcoin; and passing the sole purpose test) FAQs: - Can you have a majority (or full) allocation in a SMSF to bitcoin? How is it justified in the context of the diversification obligation? - Can an investment strategy be changed (eg, adding bitcoin to a fund that previously couldn't hold bitcoin, or increasing your allocation of bitcoin? - Do you need to indicate which exchange you'll buy from in your investment strategy document? - Can you go to a new SMSF administrator or auditor or are you stuck with who set it up? - What is the "sole purpose test" and how to pass it? - How to prove ownership if self-custodied bitcoin at audit time? References https://www.hardblock.com.au/SMSF-bitcoin-investment

Here's what you need to know about Australia's Retirement System: It's really big.  It's government mandated.  It's privately run.  It's really sophisticated. Still curious?  Host Josh Cohen's two guests have played meaningful roles in the system's development from the highest levels of government and industry.  The Honorable Nick Sherry started one of the first modern Superannuation Funds in Australia and then went to be the leading minister in the government overseeing the industry.  Ian Silk ran the largest Super Fund called Australian Super.  There's a lot we can learn from their experiences. Key Takeaways: [:19] Josh Cohen, your host, introduces today's topic: Australia and their compulsory retirement system with very sophisticated investments that cause admiration worldwide. [2:30] Josh is accompanied by two experts to dive deep into the origin and evolution of the Australian retirement system.   [2:55] Nick Sherry joins the conversation. He is a former Australian politician who served as a member of the Australian Senate for the state of Tasmania from 1990 until 2012, Sherry was sworn in as the Assistant Treasurer in 2009, after serving as the first Australian Minister for Superannuation and Corporate Law.   [4:39] Nick shares how he accidentally got involved in the retirement space.   [5:45] Nick explains how Australia began to shape a new retirement policy.   [6:40] Josh describes how the industrial awards system work along with the social wage.   [7:56] Nick shares the development of the House Plus Fund.   [9:10] Nick explains the administrative hassles they had to overcome in the late 80s'.   [10:09] Nick becomes in charge of an additional pension reform when he just assumed the role as a Senate for the state of Tasmania.   [12:32] Nick talks about initiating the Cooper review.   [13:25] What happens at retirement?    [14:01] Nick speaks about his life now that he is retired but still very active!   [14:38] Josh explains what fund mergers are about.   [15: 23] Ian Silk, Chief Executive at AustralianSuper, joins the conversation by providing answers about how Fund mergers work in Australia.   [16:47] Ian talks about his vast experience in the field of funds.   [17:18] Ian dives deep into the five sectors the retirement providers fall into.   [18:30] Ian describes two reasons why the owners have decided not to run their own plans. [20:05] Compulsion arrived to change how things were doing in regards to retirement.   [20:34] An important feature of the Australian retirement system: An employer can run his/her own plan or pick a super plan as the default for his/her workers. There is always a default investment option if the employer doesn't make an election.   [21:28] Josh talks about Industry funds that arise in the late 1980s and Ian expands on the topic.   [23:39] Josh introduces the fourth sector: The retail sector.   [25:32] Ian explains how people took their funds from retail to industry.   [25:43] The fifth sector is called the Self Managed Super, where people decide to run their own Super. Ian describes the one big driver of its popularity.   [26:58]  Ian explains how Australian Super originated and how it scaled.   [28:49] The area of investing innovation is the one that is admired by many in Australian Super. Ian describes this particular feature of the Australian Super.   [30:02] Ian shares what improvements could be done to an already sophisticated Australian retirement system.   [31:03] Ian talks about the secret to the success of the Australian retirement system.   [32:11] Ian shares the proudest moment of his career, realizing that low to middle-income workers in Australia have something significant to look forward to in retirement that wasn't the case 30 to 40 years ago.   [33:23] Josh shares his key takeaways from the amazing conversations with Nick Sherry and Ian Silk.   [34:55] Stayed tuned for the next episode: The UK edition.   Thank you for tuning in. If you liked what you heard, please subscribe and leave us a review wherever you listen to your podcasts. Links: The Accidental Plan Sponsor Mentioned in this episode: More about Nick Sherry More about Ian Silk

Recentemente, l'APRA ha chiesto a 13 dei fondi dedicati alla superannuation, tra cui quelli gestiti da Westpac e Commonwealth Bank, di inviare delle lettere ai loro clienti informandoli degli alti costi di gestione.

Más de un millón de australianos afiliados a fondos de jubilación (superannuation funds, como se conoce en inglés) de bajo rendimiento pronto recibirán cartas en las que se les instará a cambiar con quién no inviertir sus ahorros para la jubilación.

In this episode of Tax Yak, Neil Jones yaks with Craig McCormick about the ATO finalised views on the amendments to the Non Arms Length Income rules and how non Arms length expenses can impact Superannuation Funds. Neil and Craig explore the ATO's LCR 2021/2 and what it means for Super fund members and their advisers.

Helen Clark says her right-hand man Sir Michael Cullen, leaves behind a remarkable legacy.The 76-year-old lost his fight to lung cancer overnight.He's known for being the architect behind the KiwiSaver scheme and getting the Superannuation Fund up and running.The former Prime Minister told Heather du Plessis-Allan he always delivered in his various roles.“Incredibly smart, I could throw him just about any problem, any problem, and he would find a way of dealing with it. And you need very senior ministers like that who can help you get the business done.”LISTEN ABOVE

Superannuation is a mandatory savings scheme designed to help Australians save money that they can access in retirement. However, experts warn that migrant workers who do not pay attention to their super may be losing their savings to unnecessary fees and charges. - સુપરએન્યુએશન ફંડ ફરજિયાત બચત યોજના છે. આ ફંડનો ઉપયોગ ઓસ્ટ્રેલિયાના લોકો તેમની નિવૃત્તિના સમયે કરી શકે છે. પરંતુ, તાજેતરમાં સ્થાયી થયેલા માઇગ્રન્ટ્સ સુપરએન્યુએશન ફંડ વિશે જાગૃતિના અભાવે તેનો પૂરેપૂરો લાભ લઇ શકતા નથી અને કેટલીક બિનજરૂરી ફી ભરી છે. આવો, જાણિએ કેવી બાબતોનું ધ્યાન રાખી સુપરએન્યુએશન ફંડનો મહત્તમ લાભ લઇ શકાય.

Superannuation Avustralyalıların emekli olduklarında erişebilecekleri para biriktirmelerini amaçlayan zorunlu bir tasarruf sistemi. Biriken parayı kendi gelirinizin bir parçası olarak görüp ona göre davranmanız çok önemli.

В Австралії Пенсійний накопичувальний фонд (Superannuation) є обов'яковим і застосовується для допомоги австралійцям заощадити гроші на час після виходу на пенсію. Роботодавці повинні платити працюючим через податкову систему, як також і самі люди можуть доплачувати додаткові свої кошти у цей фонд. Але тут є чимало застережень і можливостей, на що, зокрема, мало уваги звертають міґранти, або нові австралійці...

Одлуком Савезног парламента Аустралије, гарантовани superannuation ће од 1. јула износити 10 одсто од плате запослених, а у 2026. биће повећан на 12 процената. Такође, први супер фонд који изаберете аутоматски ће остати ваш и приликом промене радног места. Шта кажу финансијски стручњаци о томе како може да се извуче максимум од пензионог фонда, послушајте у нашем серијалу Водич за досељенике.

ອີງຕາມ "ອິນດັສທຼີ ສຸບເປີ" ຜູ້ຍິງໃນອອສເຕຼເລັຍໄປບຳນານໂດຍມີເງິນພຽງແຕ່ສອງສ່ວນສາມຂອງເິງນບຳນານຂອງຜູ້ຊາຍ. ບັດນີ້ມີການຮຽກຮ້ອງຕ້ອງການໃຫ້ມີການເສັຍຄ່າກອງເງິນສຳບຳນານເມື່ອຜູ້ຍິງຜັກການເພື່ອລ້ຽງດູລູກ.ວ່ານີ້ແມ່ນເພື່ອເຮັດໃຫ້ເງິນບຳນານສ່ວນໂຕຂອງຜູ້ຍິງແລະຜູ້ຊາຍເທົ່າທຽມກັນ.

Industry Super'e göre, kadınlar superannuation yani emeklilik hesaplarında erkeklere göre neredeyse üçte bir oranında daha az parayla emekli oluyorlar. Kadın Hakları Savunucuları, erkek ve kadınların emeklilik tasarrufları arasındaki uçurumun azaltılmasına yardımcı olmak için ebeveyn izninde süperanuation yani emeklilil primi ödenmesi çağrısında bulunuyorlar.

A raft of superannuation changes are set to come into effect in July 2021. Here’s an overview, including a key takeaway for consumers looking to get the most out of their savings in retirement. Mr Renganathan who is a Tax Accountant in Brisbane brings more details. - எதிர்வரும் ஜூலை முதல் Superannuation ஓய்வூதிய திட்டத்தில் சில மாற்றங்களை அரசு அறிமுகப்படுத்த உள்ளது.

Bev Durston is Managing Director of Edgehaven, an alternatives partner which works with mostly institutional clients to select alternative investments. She splits her time between her native Sydney and London and has over 30 years of experience in financial services. She previously worked at a number of Superannuation Funds in Australia as well as the British Airways Pension Fund in the UK and has held a range of investment committee roles. Our conversation covers her long career in finance, and her experience in various global roles. We talk about institutional appetite for alternatives, and how it varies, and touch on fee sensitivity and the role of performance fees and their complexity. We also discuss various choices that Bev made throughout her career - choices to travel or take global roles which involved more inherent change and risk, and how these have contributed to the richness that is her career journey.

COVID-19 ruangah rampi huapin phihkhamnak tuah mi nih chawlehthalnak a hnursuan i riantuannak zong a hnursuan ngaingai caah ram chung khuasa an khuasak tintuknak ah an chambau ngai.Ram chung khuasa nuai 3 leng nih kum khua upat hnu i hman te dingin phaisa an I khawn mi “Superannuation” phaisa cu an purhdah cio timi hmuh khawh si. Tam deuh in hun ngai dingin kan sawm hna.

The economic damage inflicted by COVID-19 restrictions has seen over three million Australians dip into their superannuation savings. - COVID-19 ór thaím ót ekonomi ór óre beca beci asor oíye.Yan ólla boli 3 million Australiaar manúic ottu tarar super ór thiéñya iín nelaí foíjje.

اداره مالیات استرالیا هشدار داده است افرادی که به طور زودهنگام از ذخیره بازنشستگی یا به اصطلاح superannuation‌ خود برداشت کرده اند در صورتی که شرایط لازم برای این کار را نداشته اند جریمه خواهند شد.

ثلاثة ملايين أسترالي قاموا حتى الآن، بسحب جزء من مدخراتهم التقاعدية للتعامل مع الضائقة المالية الناتجة عن أزمة كوفيد-19، هل درست كل الخيارات الممكنة قبل اتخاذ قرارك النهائي؟

Have you found the right superannuation fund for you and your retirement needs? - Anong superannuation fund ang angkop para sa inyo at inyong pag retiro?

Did you access your superannuation early and didn't declare correctly? Here's how misuse of early super access could result in fines or prosecution. - Kung kayo nakakaranas ng lubhang kagipitan ngayong pandemiya, maari ninyong ma-access ang inyong superannuation ng hangang $10,000

การสำรวจล่าสุดพบผู้คนในออสเตรเลียจำนวนมากวิตกเรื่องเงินเกษียณของตน ไม่เพียงแต่ประชาชนวัยเกษียณเท่านั้น แต่ประชาชนวัยทำงานบางกลุ่มยังวิตกเรื่องนี้มากที่สุด ขณะที่ผู้หญิงจะยิ่งได้รับผลเสียมากขึ้นเกี่ยวกับเงินเกษียณ

Over 500,000 Australians are estimated to be withdrawn all their superannuation savings during the COVID-19 crisis. - Η ομοσπονδιακή κυβέρνηση υπολογίζει τώρα ότι χιλιάδες εργαζόμενοι που βρίσκονται σε οικονομική δυσχέρεια θα προχωρήσουν σε ανάληψη των καταθέσεών τους στα συνταξιοδοτικά ταμεία.

Durante la crisis del Covid-19 en Australia, varios estudiantes internacionales han descubierto que las contribuciones a sus fondos de jubilación por parte de sus empleadores, no han sido efectuadas de manera correcta y algunas veces han sido inexistentes.

རང་ཉིད་ཀྱི་རྒན་བཅོལ་ (Super) ལས་དངུལ་སྟོན་ཕྱིར་ཆ་རྐྱེན་གང་ཚང་དགོས་པ་དང་། སྙན་ཞུ་རྒྱག་ཚུལ། བསླུ་ཁྲིད་འོག་མི་ཚུད་པའི་ཆེད་ཉེན་གཟབ་གནང་ཕྱོགས་སྐོར་ཆེད་ལས་རྩིས་པར་བཅར་འདྲི་ཞུས་ཡོད།

BE SURE TO SEE THE SHOWNOTES AND LISTEN TO THIS EPISODE HERE. Eve Picker: [00:00:06] Hi there, thanks so much for joining me today for the latest episode of Impact Real Estate Investing.   Eve: [00:00:12] My guest today is Kris Daff, a fellow Australian. Kris is a developer with two companies. The first, Make Ventures, is a more traditional development company focused on urban infill. It's the second, Assemble, that Kris is wildly passionate about, and that passion is wildly contagious. With Assemble Kris is building uniquely personal, affordable housing products and solving the very many problems that low to moderate income earners are confronted with when looking for a stable, permanent housing solution in Australia. And Kris plans to do that at scale.   Eve: [00:00:54] Be sure to go to evepicker.com to find out more about Kris on the show notes page for this episode. And be sure to sign up for my newsletter so you can access information about impact real estate investing and get the latest news about the exciting projects on my crowdfunding platform, Small change.   Eve: [00:01:21] Hello, Kris, thanks so much for joining me today.   Kris: [00:01:24] Hi Eve, thanks so much for having me. Looking forward to having a chat.   Eve: [00:01:27] Nice to hear a similar accent. Anyway, so you're a real estate developer and you have two companies Make Ventures and Assemble, which are both great names, by the way, and I'm wondering why you have those two companies and what each is focused on.   [00:01:46] Sure. So, I'll start with Make, and Make's a very traditional real estate development and investment company. I established Make about five or six years ago to focus on the acquisition of real estate for large scale urban renewal projects in Melbourne. And we were successful in that pursuit of those projects and they've sort of been the longer-term planning processes. And one of the things that came out of all of that was we ended up with a sort of forward pipeline of a lot of housing for that business, you know, sort of several thousand apartments across multiple locations.   Kris: [00:02:24] And one of the things that I'd sort of worked out for myself, personally, is I've become very disenfranchised with the traditional delivery mechanism of housing in this country, which is, housing which is delivered via an off-the-plan sales approach. So, and, so the typical approach is, you would go and set up a display suite, sales suite, appoint a real estate agent to come and do a whole bunch of marketing and spend a whole bunch of money on all of that and you'd get investors and essentially some owner occupiers and, sort of, whoever would turn up and pay a 10 percent down-payment and then sign a contract, would sort of have a, get a right to buy an apartment off you at the point at which the building was finished.   Kris: [00:03:11] And it was a very impersonal relationship between a developer and their clients, which then not the residents, because typically you would have all the investors, typically you'd have a real estate agent managing that transaction for you. And I could sort see, you know, that that sort of writing was on the wall a bit with that model. And I think that model will still be an important model moving forward in this country but it was obvious to me that with the emergence of our superannuation investment industry, so the fourth largest pension fund market in the world, so, a huge volume of capital available from those sources, that institutionally owned housing as we would typically see it in mainland Europe, North America and some other geographies internationally, would emerge as a very important asset class in Australia where it hadn't really existed previously. And I think there's a few reasons for that, is, one that, sort of, hadn't needed to exist because whilst off-the-plan hadn't been perfect as a delivery mechanism, it had done a reasonable job of keeping up the supply of housing this country needed.   Kris: [00:04:20] So what I then embarked on was a, sort of, international sort of approach, research thesis on saying how does housing get delivered internationally, and housing that's of large scale but owned in one line then offered for, sort of, long term secure rental for residents for whom ownership may be difficult, what does that look like internationally? And I think the sort of lessons for me is, from North America I took commercial models and taxation settings and some other things that I think that market is super sophisticated in, and from Europe I took, and particularly locations in mainland Europe and particularly places like Netherlands and others, I took an approach to the development of long tenure housing, the development of community in that setting and, you know, the sort of housing co-operative type approach and the sort of self-curation of community by residents. There's been, a sort, big lesson from that geography. So, all that got me to a point at which I understood the sort of secret sauce, if you like, to what is the approach to the management of large scale institutional housing projects, was really the key to their success and providing an infrastructure within a project in a future neighborhood to let your residents have a very good, productive, sort of wholesome life there.   Kris: [00:05:47] So, we basically acquired Assemble which was an existing development business that was doing a very good job of community occupant-centric type projects and transitioned that business and its approach to the development of contemporary and engaged neighborhoods to be our multi-family housing platform so, or will-to-rent platform, as we call it here. And now, you know, Assemble's really the face of everything that we're sort of doing and Assemble will be, sort of, partner, the housing partner for all our clients and future residents moving forward. So, it's really exciting.   [00:06:27] So, we only do very low, low, and middle-income housing. So, we don't do what I, sort of, call juiced-up multi-family, like I've, sort of, seen in New York. So, we don’t  have a pools and gyms and indoor driving ranges and saunas, and we don't have someone that will do the dry cleaning for you and put it back in the closet upstairs and all that sort of embellished life. I don't believe in any of that, which is I guess, more that reference back to the, sort of, a more sort of simple life. The people get a much deeper level of support in one of our buildings than they will in a traditional Owners Corporation type arrangements.   Eve: [00:07:02] You know, what I've learned about Australia is that it's really a for-sale market and most developers build housing products for sale, and yet they're so expensive. I don't know how someone gets into that market when they're a civil servant or they can't afford, as you said, that sort of embellished lifestyle.   Kris: [00:07:24] Yeah, they can't. And I guess the systemic problem that comes with that. There are some better value options around but traditionally that's been found in the far reaches of outer suburban Melbourne, which is a sort of systemic problem with our housing market where you've got the people that can least afford to be located 40 kilometres from the CBD or place of work, at a hospital or whatever else, all the people that make our city run get dislocated to these areas and they need to have two motor cars and, you know, they've got to have access to public transport and don't get to see their families as often. So,   [00:07:59] That's a very American problem, too. Definitely.   [00:08:02] Yeah, yeah. So, we sort of researched again, so, home ownership, given how expensive housing is in Australia for some people it's just going to be very difficult, if not impossible. What we started researching then is saying: well, if you can provide ten-year certainty, so long-tenure housing, across the spectrum of incomes, how would that make people feel about their housing future? Because one of the things that we identified is the thing that people really crave in Australia is, and need is, sort of longer-tenure housing options.   [00:08:40] And the issue that a lot of Australians are facing who are likely to be long-term renters is that they are stuck in a year-to-year leasing cycle and the fact that they're only getting twelve months lease at any one time doesn't allow them to put down roots in a location in the same way that you would if you were in a position to be able to purchase a property. And that lack of, sort of, tenure certainty results in significant levels of housing anxiety. So, people are just nervous about what their housing future looks like. And the extension of that is just, well, if you're stuck in a year-to-year leasing situation and the landlord's got the potential to just sell the property or kick you out so they can move their kids in or whatever, who are at university age, for example, might be a good example. So, how does that make you, sort of, feel about your housing future? What's your propensity to really engage in that neighborhood, in that community? Are you as likely to volunteer or join the local gardening group or, you know, do you get nervous about this warming relationship with your neighbours and other people in the community for the fear that your landlord might kick you out at the end of the year and you've got to move three suburbs over? So, what's the point? So, how do you get your children into school and make sure they don't have to move schools halfway through their primary school education, for example? All those things together create a lot of nervousness in our housing market for people that are struggling to access ownership place.   Kris: [00:10:10] What we've done is, Assemble's delivering multiple options to the lower/middle income Australians one of which is we give people a five-year lease and then the option to purchase their property at the conclusion of that lease. They're not obliged to do so. And we provide them with a supportive program of financial coaching and cost-of-living savings initiatives. So, we do a lot of bulk-buying, for example, of sort of household cycles in the like and try and bring down their cost of living to put them in a better position to save for a down-payment on the property at the end of the lease and to just get people sort of more familiar with the concept of ownership. And that's been the very popular program. So, we've got 10 or 12,000 people registered their interest in being in one of our buildings now, And then, so, we've got about a thousand apartments in the pipeline for that part of the business in Melbourne.   Kris: [00:11:05] And then separate to that, we've got about 2800 apartments which will be delivered as wholly owned communities in a sort of multi-family approach. So, they'll stock properties that are only available for rental, and never an opportunity to buy your individual apartment. But that's catering to a different part of the market. And in those projects, we'll be able to deliver about 20 percent of the housing to very low-income Australians. So that's social housing type rentals who would qualify for Commonwealth assistance and the like for their rent.   Eve: [00:11:38] So does the government provide you with any assistance in building these out, or do you just, do the only provide assistance to the renters?   Kris: [00:11:47] In our circumstance we're not getting any direct financial assistance from government. Quite interesting, actually, so I've spent a lot of time with our different layers of government. The, sort of, State Government and parts of the Federal Government and I've always premised all our commercial models and investment models on not requiring significant taxation change, and the like, to affect our project outcomes. So, I'll go and have a discussion with, say, a State treasurer about what we're doing and say: "You know we're building this, and we don't really need your help financially" and they're always trying to find an angle in. They'd say: "this is really fantastic. This is the sort of housing that we want. Are you sure we can't be involved?" So, I think that's important for us. And to be honest government's got some very important roles to play and for us, mainly, it's about planning consent, and the like, that we would sort of seek to lean on them to maybe get that happening a bit quicker than it might traditionally. But I think getting deep financial support from governments to deliver our projects is something that we've always tried to avoid because having government in there is a sort of as a counterparty can add complexity to the, unnecessary complexity to the transactions. So, we've focused on our sort of partners that we have - our community housing sector partners, for example, who do some extremely good work in very low-income housing. And then partnerships with our biggest superannuation investors to provide the capital required to build and own these assets long term.   Eve: [00:13:21] So, you said something that you glossed over, but I thought was really interesting, in that you help these tenants who might eventually own, you kind of teach them how to become homeowners. I'd love you to elaborate on that.   Kris: [00:13:34] With the option where people have got their half-a-decade lease and then the option to purchase a property at the conclusion of the lease. So, we allow those future residents to enter into those agreements in advance of construction starting. So, typically it would take us about two years to build one of our buildings from the point at which we start on site. So, they've got two years of construction plus a five year lease, so seven years in total, to be able to get themselves organized into a sort of regular savings pattern, to be able to be in a position to purchase their property at the conclusion of the five year lease. And the reason that seven-year period is being selected is, we did a lot of work with a couple of our large retail banks here on saying, assuming someone's sort of started from scratch, how long would it take them to save a deposit to be able to purchase a property, based on different income bands, and the like? And about seven years is about the period that we arrived at. But what we did realize is, it's very hard to change behavior without support. So, we employed an in-house financial coaching team to work with the residents from the day they sign up with us, so in advance of construction starting. So, we've got a multi-stage program that they can participate in adopting. So, some people are very comfortable with numbers and they understand savings and they know how to do a household budget and all those things. And some people just find that a bit more challenging. But at the moment, we've got about and 80 percent participation rate from households from our, sort of, future residents in the program. And it's not, sort of, financial planning. We're not doing, recommending investment options for them and those type of things, it's more about how do you form a household budget? Tips and tricks about setting up a separate account to direct deposit some money into each month so that you can't, sort of, access via a debit card or something that's just sort of savings account. How to get better value on energy, data, these types of things.   Eve: [00:15:33] This is spectacular, ‘cause all that stuff is pretty overwhelming if you're tackling it for the first time.   Kris: [00:15:39] I sit through all the sessions and I've learned a lot myself. So, I've got some better habits.   Eve: [00:15:47] I get bombarded by energy, data, and it's like, oh no, how am I going to figure this out?   Kris: [00:15:52] And we'll offer that too, so, through our buildings where people aren't even on that homeownership pathway model, for people that are just long-term tenants of ours then they'll have access to that program as well. So, it's not just about supporting people ultimately, sort of, buying the property from us at the end of the five-year lease. But with other buildings that we're doing, which are just long-term rental, we'll also give them access to that team because we think the sort of lessons and, sort of, financial skills and things that Sarah and her team can give to people, just applicable whether you're working towards ownership or whether you just sort of want to save for your grand holiday that you've been wanting to do for your whole life and you haven't been in a position to save enough money to do, so.   Eve: [00:16:40] What's the ultimate big, hairy, audacious goal for Assemble then?   Kris: [00:16:45] I think where we're positioning ourselves, in terms of the businesses, what the team's working towards is to be the pre-eminent affordable housing developer in this country. And we've got a very large pipeline of projects, as I said, now. And it's not about, sort of, being a megalomaniac, it's about saying this country needs solutions at scale. So, for me to sort of be mucking around and sort of doing 20 apartments here and thirty apartments there was never really consequential enough for me. So, we're doing large neighborhoods of significant scale - you know most of our projects are between 100 and 1000 apartments in a single location. We don't do towers and things but we've got some large sites that have the neighborhood of maybe a dozen buildings of eighty apartments each, for example - is to be able to demonstrate to government and other stakeholders that more affordable housing solutions are possible in this country and that we can deliver returns to institutional investors that are efficient, to sort of get them off the bench in housing. And we think that's really important work.   Kris: [00:17:54] But, ultimately for me, I like the fact that we're aligned with our future residents. So, when someone can sort of hand the keys back and say "oh thanks, Kris, you know you sort of told me this was going to be a super place to live and it was going to be, you know, warm in winter and cool in summer but, you know, it's sort of not performing as well as I'd hoped it would." It's a sort of different type of alignment with your future community compared to a traditional development approach. So, you know, the things that I'm finding really enjoyable about the organization here is, we get a lot of people who want to work with us and be part of the team who wouldn't otherwise be interested in participating in a development company. So that's sort of purposely.   Eve: [00:18:40] You said you've got a thousand apartments in the pipeline, and one of the goals is to make sure these assembled living spaces are close to jobs. How do you select sites and are your tenants able to manage without a car? Because, of course, that makes housing more affordable, etc.   Kris: [00:19:01] Yeah, we select sites on a bunch of sort of different metrics so, typically access to heavy rail connections, strong public transport connections, putting them in locations where there's an existing high level of sort of community and urban infrastructure in place, you know, retail, supermarkets, parks, community based infrastructure, sort of, health care services, employment services, those types of things.   Kris: [00:19:27] In terms of personal transport, we have a significant over provision of bicycle storage in our buildings, for example. We do have car parking available, but at a very much reduced rate to what you would traditionally see in a project in Melbourne. And we provide that to people on a needs-basis. So, you've got mobility issues, or you've got a dedicated work vehicle, or you've got young children, all those types of things then you would qualify for a car park in one of our buildings. If you're otherwise sort of fit and well and just can't be bothered walking 400 metres to get your groceries, then you wouldn't get a spot. You wouldn't get allocated a bay. Because we're not strata titling most of our projects, we design those spaces to be - 'cause we get that car use will change over time and it already has, and the way that people get around will change - is we design those spaces to be able to be retrofitted to perhaps, if the buildings has got 50 car bays, for example, and in 10 years’ time the community is only using 30 of them, turn 10 into a music room that we can install into the basement or another workshop space, for example, for the residents to do little projects. So we design in to the inherent flexibility and the re-use of that space because there's a lot of big buildings in Melbourne built 10, 20 years ago in the Southbank area, for example, where the recent City of Melbourne carpark survey says only about .4 of the bays that exist in those buildings are actually getting used, and it's all being broken up into little chunks of building in strata titling and things and it's really impossible to do anything meaningful with that space long term.   Eve: [00:21:11] So, like, what are your occupancy rates like compared to other buildings like this, or are there no other buildings like this?   Kris: [00:21:18] So we've got our first project under construction. So, we don't have occupants yet, but it's been fully allocated to future residents. So, we're fully committed for the next project we're doing, which is in Kensington, in Melbourne, in Thompson Street. There's two buildings of 100 apartments each there and I think we've had 7800 people register their interest in that building. So, we've got, you know, a lot of demand, so but, that's sort of saying you're really interested in this. What that translates into, people that actually formally want to commit and sort of, you know, it might be sort of 10 or 20 percent of that number, but still a significant over subscriptions. There's a lot of demand, I think, for housing and I don't think it's so much, obviously the access to the housing model is there and more affordable and everything else is, is something that people are very interested in and focused on in Australia where they feel like perhaps the housing market is not with within front of mind. But what's more important, I think, is our approach to the development of the neighborhood within our buildings is just as important, if not more important to most people that interested in being in an Assemble building in the future.   Eve: [00:22:41] So what is the approach to the development in the neighborhood?   Kris: [00:22:44] Pretty organic. So we'll have full-time on site staff at each location, but they'll be,  so, in our hospitality space downstairs in each building, for example, like the cafeteria, the cafe space and grocer, is all the front-of-house staff there will be trained in our system so, you know, they'll be able to log a maintenance request or let you know when the next yoga class is going to be happening in the communal spaces, but, is an approach to say, well we've got a much more personal interface with our staff. So, the stuff that I've seen in other locations internationally is very much like hotel type concierge services. So, there's a few issues with that for me. Personally, I think that embellished lifestyle's just not a particularly sort of Melbourne style of living.   Kris: [00:23:30] Then the second thing is that that's an expensive way to sort of resource a building. That would put pressure on our ability to deliver affordable rents and prices. We have staff that provide a sort of infrastructure and an approach to living somewhere with organized walking groups, yoga classes, gardening groups. But the idea is that we're more in the sort of European housing co-op style of living, trying to transition the residents to be more self-managers of their little neighborhood, their little communities. The idea, from my perspective is, I'd much rather give half a dozen residents 40 bucks a week off their rent each and they look after all our gardens, than paying some contract gardener to come and, Jim's Gardening or whatever, to come and do the weeding and, you know, pick the vegies or whatever for me.   Kris: [00:24:22] So that approach is going to take a while to sort of transition into. And I think what we'll find, in our neighborhoods of, say we've got a hundred homes, is there'll be 20 homes of that are hyper-engaged in the building community and sort of wanting to sort of do everything with your neighbors and everything else. And then there'll be 60 homes that are sort of in the middle somewhere who are happy to do it but they want to be doing the gardening every single Saturday morning with their neighbors, for example. And thern there'll be 20 people, 20 homes that have residents that, you know, just want to sort of come home and sit on the couch and watch The Voice or something and aren't that engaged. And that's, each one of those groups is fine. That's just society cross-section, right?   Eve: [00:25:05] Yeah, that is typical, yeah.   Kris: [00:25:07] So you don't have to be a green thumb or be an expert in fixing bicycles or whatever else to sort of be in one of the buildings. So, we're not trying to engineer a social outcome. You know, it's a random ballot to get a spot and one of our buildings.   Eve: [00:25:20] Interesting. So, what's your background and what path led you to all of this?   Kris: [00:25:26] So by trading I'm an engineer, a civil structural engineer and I've got a geology degree also. So, engineering and science background but moved out of that sort of consulting engineering space very early in my career into sort of project management and then into more traditional development businesses. So, delivering developments where, you know, section one of the report each month on how the project was performing was always about, sort of, how's the profit looking? So, it was always about the shareholder return, our investor return, and never so much about the sort of long-term outcomes that we're generating with our projects. So, working in a few businesses, and did some projects I'm still very proud of, in that part of my professional life but found myself, as I said earlier, checking out of that delivery mechanism for housing, you know, sort of four, five years because it bought up such a large portfolio of projects, started investigating other ways of deal with the housing that was more aligned with our residents.   Eve: [00:26:29] Interesting.   Kris: [00:26:31] Yeah, so look, I learned a lot of good skills and things over the journey that are definitely applicable to this space, but plenty I'm finding it a lot easier to sort of get out of bed and go to work in the morning.   Eve: [00:26:45] Well, that's good. That's important. So, are there any current trends in real estate development that interest you or you think are really important?   Kris: [00:26:54] In Australia, in housing, I think the biggest emerging trend is going to be in social affordable rental housing. And that's institutionally owned whole residential real assets. So that's buildings and of scale, buildings in between 100 or 200 and 300 apartments, of which a large proportion's very low-income housing. So, social rental, and that's analogous to the United States market of the low-income housing tax-credit type component within a mixed tenure, mixed socio-economic buildings. And I've seen some very good examples in L.A. and in New York of the sort of mixed tenure outcomes that you can generate. And there is a limit to the amount of ultra-low-income housing you can sort of integrate comfortably with a, within a sort of market scheme.   Kris: [00:27:41] But I think in Australia, that asset class, particularly focused at the affordable end is going to be a sort of huge focus for investors and developers by the lot. But we're positioning ourselves, I guess, to be a bit of a leader in that space. And I think that's…   Eve: [00:27:57] That's exciting.   Kris: [00:27:58] …really important work because they're the people that are finding housing the most difficult. We're doing a project in Coburg where we're going to do 50 homes for older women fleeing domestic crisis, for example, and it's the fastest emerging group of homelessness. So, you know, there's some pretty bad sort of societal issues and housing is at the front of a lot of that. And no one's shying away from it. Everyone knows it's a big issue and everyone knows we need industrial-scale solutions to housing, and we think we can't do all that, but we think we've got a role to play in guiding industry on models that can deliver moderate returns for investors. And the upshot is they're going to get on and deliver at scale some housing solutions for the people who are finding housing the most difficult.   Eve: [00:28:46] What is a moderate return for an investor in Australia? What are you shooting for there?   Kris: [00:28:50] So, for our long-term rental housing we're in the sort of mid-single figures for an equity return. That's a levered return. You know, up to maybe the sort of high single figures depending on the mix. And then for our homeownership part-way products, more sort of in the high single figures. In equity returns, you know, I'm very familiar with what sort of returns pension fund investors get in North America, sort of similar asset classes. And we think we outstrip any large industry sort of transitioning relatively rapidly to international return level expectations. But it's very difficult for a Superannuation Fund investor who's there to represent the interests of their members. So, we've got millions of working-class Australians who have charged them with the responsibility of managing their retirement savings. So, to move first in a new asset class that's not established yet, and things, has a whole bunch of inherent riskiness. But I've been very proud of some of our Superannuation Fund partners in how brave they are being in capitalizing us, to allow us to deliver housing solutions that have not necessarily been included before in this country. Yeah, and that's generally because they believe it's important work. And, in a lot of cases to be fair, Industry funds, so union-based pension funds, is where it's particularly applicable to their members who may be in that sort of lower middle income. Probably got good jobs, good stable employment, but just don't earn lots of money.   Eve: [00:30:27] Right. So, what is the next five years look like for you?   Kris: [00:30:31] We've sort of been going for five years now and the next five years for us is really transitioning, starting from the first half of next year into a pretty flat-out delivery phase. So, next year, we'll look to sites, so start construction of about fifteen hundred homes across around six locations. And, so the last sort of four or five years is been spent getting capital support, getting planning consents, piloting, doing a small project in Kensington, which is 73 apartments, which is under construction and due for completion in May next year, to a phase where we can start to move into that industrial sort of scale delivery phase where we're delivering extremely large neighborhoods across multiple models and getting to the solutions that are at scale and projects that are at scale for our superannuation fund investors because they need this sort of certain level in scale to make a project investable for them.   Eve: [00:31:32] Right. Maybe thirty thousand units in the next five years? Fifty thousand units?   Kris: [00:31:38] Wow, I don't know. I think we're looking at a stabilized portfolio, at the end of five years, around five to six thousand units. I think it would be a sensible objective, to the extent it, sort of, grows beyond that then I'm not sure. My nervousness is, you know  scales useful for the provision of housing solutions, at scales extremely useful for Australians, but who are sort of seeking that tenure-certain housing at affordable rents but how do you hold onto the DNA of our offer and how do we make sure that our neighborhoods, you know if we've got forty of 50 of them, are being managed in a way that are sort of true to where we started? And that's a good challenge, I guess, if you sort of get to that point and we become a very desirable housing partner for Australians. And then I'm sure I'll be able to sort of find solutions to be able to keep the offer what we want it to be.   Eve: [00:32:36] It's totally impressive and I can't wait to see the outcome next year and the next time I'm in Melbourne I really love a tour, if you'll give me one. You yourself have really impressive goal.   Kris: [00:32:48] Thanks, no worries. It's been good. Doing new things is always challenging, particularly new things that are expensive, so like building buildings. But I've got a really great team here, we've got about 30 office staff now, we've had six new starters during the shutdown.   Eve: [00:33:06] Wow.   Kris: [00:33:06] Which has been challenging, but I've been extremely proud of the whole team. It's interesting, actually, it's a fascinating sort of study on ways of working and probably the majority, actually, of the team, I think, have sort of upped production for the same worked hours compared to what they’re doing in the office. So, not having the sort of distraction of the sort of coffee machine or overhearing conversations and whatever else. In the office environment, for some people that sort of focused work time's really useful. So that's been quite interesting. But on the other hand, the whole team are desperate to get back to the office because they're sort of craving human connection.   Eve: [00:33:43] Yeah, we all are. You've had an easier time of it in Australia than we have over here. Thank you very much, Chris. And I really can't wait to see what comes of all of this.   Kris: [00:33:55] Thanks Eve.   Eve: [00:33:56] Thanks for your time. Bye.   Kris: [00:33:57] Good on you, bye.   Eve: [00:34:11] That was Kris Daff. Wow. Chris is tackling an enormous housing problem in Australia head on, and he wants to do it at scale. His company Assemble is gearing up to build affordable neighborhoods that solve many of the problems low to moderate income earners have in Australia. But first and foremost, Assemble offers a long term and secure housing solution for those who need it most. You can secure a home in an incredibly expensive housing market by buying a unit after five years if you want to and Assemble will offer you all the support you need along the way.   Eve: [00:34:53] You can find out more about impact real estate investing and access the show notes for today's episode at my website evepicker.com. While you're there, sign up for my newsletter to find out more about how to make money in real estate while building better cities.   Eve: [00:35:10] Thank you so much for spending your time with me today. And thank you, Kris, for sharing your thoughts. We'll talk again soon but for now, this is Eve Picker signing off to go make some change.

Tüm dünyada milyonlar Minnesotalı George Floyd için sokaklara dökülüyor. Yorumcu Levent Efe, Afrikalı Amerikalı Floyd’un gözaltına alınırken ödürülmesine tepki gösteren Avustralyalıların Avustralya yerlilerine yönelik polis şiddetine sessiz kalmaması gerektiğini belirtti.

Where's the Money - Part 3 - Pensions. The Battler explains what happened to the Welfare Pension Fund set up by PM Ben Chiffley on 1 January 1946. And yet, people today are being told to pay into their own Superannuation Fund instead. Where's the Pension Money gone?Useful LinksDownload/Sign your My Will Letter:  https://mywillaustralia.com/Steps to fight Fines: https://advance-australia.com.au/product/steps-to-fight-fines/Dick Yardley's book: https://advance-australia.com.au/product/buy-dick-yardleys-book/CIRNow information: https://www.cirnow.com.au/The Bloody Aussie Battler: https://thebloodyaussiebattler.com/and YouTube Battler channel: https://www.youtube.com/channel/UC8B6JthhkW4p5Dl32LozWwwBuy Kevin Annett's book "Establishing the Reign of Natural Liberty -- A Common Law Training Manual"https://www.amazon.com.au/Establishing-Reign-Natural-Liberty-Training/dp/1544239610/ref=sr_1_1Support the show (https://www.cirnow.com.au/donate/)

Welcome to Finance and Fury, the Furious Friday edition. Today – want to run through what is happening within the industry superannuation environment – not looking good With the market crash – cracks in the financial system are starting to appear – with almost no asset class but cash being safe – a lot of super funds have gone down in value – but this isn’t the only issue when it comes to industry funds The issue is the type of investments held – which have been placed in illiquid – i.e. hard to redeem investments – such as private equity, infrastructure or direct property – lots of funds have 25%-30% of their investment balances in illiquid investments – cant easily be sold down to meet redemptions So as people request switches out of their one size fits all allocations of ‘growth’ or ‘balanced’ to cash or other asset allocations like conservative, they are having a hard time to do this When it comes to markets – the saying goes that ‘A rising tide lifts all boats’ – but a low tide can leave boats stranded on the shore line - quote that it’s only when the tide goes out that we discover who has been swimming naked – Think it was warren buffet who said this – in any case With the recent market declines – it looks like many Australian industry funds is looking pretty naked right now Think about this for a minute – inflows of $130bn p.a. of employer contributions and not much investment oversight from the regulator APRA – why not have a naked dip – nobody is really watching and you get a little cocky when the water level keeps rising Of the 530 super funds listed in modern­ industrial awards, 96.6 per cent are industry super funds. That’s some gravy train that essentially guarantees constant inflows of cash – which for the past decade has been seen as a guarantee of liquidity But now the tide has changed – and those who are now left naked are the trustees of the biggest industry superannuation funds and their board of directors In this episode we will look at the current crises going through industry funds and the issue with illiquid investments Industry funds have had a good ride over the past decade – it has been demanded that the corporate sector­, especially the big four banks who are also regulated by APRA - take money from their owners and give it to causes deemed worthy by these industry super funds – like the capital notes that form part of the bail in regulations However – these are still deemed liquid as they can be traded on the secondary market Industry funds have been complacent - Consider the causes of the arroganc­e and power of large industry­ super funds. Even up until 2016 – they didn’t need to disclose the true costs of their investment options – the MER or ICR for a lot of investment options went from 0.3% to over 1% in some cases overnight as soon as the regulations changed – as borrowing costs, management fees had to finally be disclosed They have been coddled by an industrial relation­s agreements that mandates that industry funds be flooded with contributions due to the default agreements – has given them the sense that inflows can cover redemptions or transaction switches Easy to get complacent - With that guaranteed inflow of cash, it’s hardly surprising that industr­y super funds have grown fat and lazy about risk – it isn’t their money after all – but they made two critical assumptions which are currently being tested: Number 1 - that these vast inflows would alway­s exceed the outflows – either in the form of switches in investment options or what they had to pay pensioners in the income stream phase, along with rollovers out to alternative super platforms where you can decide where your money is invested Number 2 - they could keep less of their assets in cash or liquid assets to meet redemp­tions – and place these in illiquid investments like private equity, infrastructure of direct property which can provide generous investment valuations to help returns appear higher In fact, they doubled down on this bet by investing more and more of their members money into illiquid assets — they filled their portfolios with infrastructure, real estate, private equity­ and other forms of long-term assets that can’t be easily and quickly sold to meet redemptions – one thing I have noticed over the past decade – go back to 2010 – the investment options within industry funds didn’t have much in the way of these alternate investment asset classes – but now they make up about 1/4th of most balanced options The benefit of this is that these illiquid assets can’t be easily valued­— experts will tell you that the valuation of illiquid assets is essentially guesswork. think about a share portfolio – liquid and easily valued – based around the share prices on the daily market – but now apply this to private equity – companies that aren’t listed and only get a guess work valuation once a year – or unlisted property – which again has some private company give you the guesswork as to what is might sell for If you don’t have a deep and liquid market into which to sell an asset, you really have no idea what that asset would fetch if and when the time came to sell This was a major issue in the GFC – lots of assets that were illiquid in nature had to be frozen for redemption – in the property sector, a lot lost 80% of their value due to fire sale tactics But to date - The fact the valuation of illiquid assets is open to huge ­variation was a terrific advantage in so many ways for industry ­insiders during the good times. Industry super funds could use boomtime assumptions to prod­uce inflated valuations to prop up their performance relative to retai­l funds that don’t have the same guaranteed gravy train of inflows to invest in unlisted long-term asset classes. That gives the industry funds one heck of a competitive edge and those inflated performance figures make for handsome ­bonuse­s for employees of industry funds and asset managers such as IFM. This apparent outperformance by industry super funds seems to made APRA and many others turn a blind eye to this practice – as long as on paper the returns are there, there is no reason to look further – Hence – industry funds have been able to resist sensible regulation by pointing to their “healthy” performance, and have received exemptions from the kind of stock-standard rules that govern other trustees of public money. Now the tide has gone out – some of the largest industry funds have sold to members as “balanced” investments – now don’t look to be so balanced - Over the years – Industry funds have turned their balanced funds into not so balanced funds – chasing greater returns – and investing in a risky way all to drive the most inflows through competing in their internal special Olympics – when you see ‘best performing super’ only comparing industry funds – not other platforms that provide tailed asset allocations in funds which have beaten the industry funds year on year Few examples – of current major industry funds and their current asset allocations Balanced funds – rule of thumb - I work off a 35% defensive (cash and FI) and 65% growth – but needs dependent Aus Super – 3% cash, FI 12% and Credit 5% = 20% defensive – which is growth – have 25% in illiquid investments between Private equity, infrastructure and direct property Sunsuper – Even worse – have 3.5% in cash, 9.7% FI – bit over 12% in defensive – have 26% in illiquid investments between Private equity, infrastructure and direct property QSuper – More in line with balanced – but only recently - 40% in defensive – but majority of their FI investment is in Corporate debt – but 22% outside of this is still in illiquid investments With the recent market decline – a crisis is emerging and has exposed the illiquidity issues industry funds face Funds have been relying on inflows – but many of their members have lost their jobs or lost hours of work, drying up the guaranteed flow of new super­annuation contributions In addition - government has announced an emergency and temporary exemption allowing members in financial trouble to withdraw up to $10,000 a year from superannuation for each of the next two years. The liquidity problem facing industry super funds has been compounded by the fact many members have been switching from what the industry funds call “balanced” options into cash options, requiring funds to liquid­ate long-term assets in the “balanced­” options. This new environment has forced industry funds to slash questionable valuations of illiquid assets in their “balanced” funds to avoid redeeming member­s or members who switch out of balanced funds into cash options getting a windfall at the expense of members who remain in the “balanced” funds. So it is starting to show cracks in how these funds have been investing funds – has been allowed to occur due to the lack of transparency within the reporting requirements of the industry funds – so the jig is up. When comparisons between industry super funds and retail funds are adjusted for risk - industry super funds don’t look so healthy after all – it has just been the fact that investments have been in ‘illiquid’ funds that get non-market valuations that the risk to return measures have been allowed to be manipulated Now that the tide has gone out, we can see two issues with greater clarity. First, trustees of industry super funds haven’t done a stellar job of managing risk through the full economic cycle, through good times and bad. There was too much compla­c­ency from more than two decades of uninterrupted economic growth. And maybe some naivety too: Australian industry funds are relatively new, emerging only in the 1980s after the introduction of compulsory superannuation payments. Second, APRA stands condemned for letting industry super funds get away with second-rate governance and poor management of risk through the full econo­mic cycle. The biggest question is how this group has been protected from scrutiny and sensible regul­ation for so long, and what can be done to end its immunity from the kind of critical examination the rest of the financial sector has alwa­ys faced The other issue when it comes to the industry sector is their voting power, and buying power, Board members often send their salaries back to their unions which can be passed onto political parties In addition – before the crash the super industry made up $3trn of funds – Aus GDP is about $2trn along with the share market being about $1.6trn - This political power is part of the reason for the large push for the super guarantee charge contribution increased from 9.5 per cent to 12 per cent – more guaranteed inflows at the expense of private employees take home pays Starting to hear talks and requests from the industry funds where they may be requesting bail outs - Consider the hypocrisy of these super funds now wanting a bailout to deal with a liquidity problem of their own making – they got greedy and wanted to show that they had the best performances during­ the boom times – been going on for years Now their mismanagement has exposed risks that their members­ have been told about – as even as someone who And the same industry funds want the Reserve Bank of Australia (aka the taxpayer) to bail out their members to protect their boards from claims of mismanagement. The industry funds no doubt will point to the help the government is giving the banks as a preceden­t for a bailout. To date -nothing from the government to do this – which is good – people should honestly know the gambling game that industry funds take with their money – but what the gov should have done is actually require APRA to do its job It boggles me to how the industry fund sector has escape scrutiny of its dirty little secrets for so long – had the royal banking commission into financial services – which occurred after banks sold off their financial services arms – so they aren’t the ones regulated – but remaining financial services professionals - The mismanaged industry super funds is compelling evidence that ­workers should be allowed to keep more, not less, of their hard-earned money Might sound weird for someone in financial services to say – but I like freedoms – hence people can choose to SS their income rather than being forced to through increased SG payment   Summary – This market crisis exposes the poor management of millions of Australians superannuation funds – Why I have been against industry funds - choosing where money should be placed over individuals choosing where they money is investment in other super platforms that allow you to decide   Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

COVID-19: De corona crisis gaat geheid een economische recessie teweegbrengen, maar wat betekent dat nou voor het lang opgespaarde geld in de pensioenfondsen? Is dat nog wat waard, en zo ja, voor hoelang? Hans van Daatselaar, Executive Director van de Association of Superannuation Funds of Australia (ASFA), zet het, voor zover mogelijk, op een rijtje: "Het ziet er grimmig uit voor diegenen die binnenkort met pensioen gaan, en op hun pensioenfonds gerekend hebben".

Welcome to Finance and Fury, The Say What Wednesdays Edition – Where each week we answer your questions Today's question comes from Cameron We are a couple, both aged 30 with approx 70k in each of our super accounts. We are interested in SMSFs with a view to purchasing property. How would one get started? What sort of costs are expected? Do couples pool their super? Buying Property in an SMSF   First, you need a SMSF – self-managed super fund An SMSF is a private superannuation fund, regulated by the Australian Taxation Office (ATO) that you manage yourself.  All other funds are managed by APRA - Australian Prudential Regulation Authority - the regulator of financial organisations (Banks and supers) SMSFs can have up to four members. All members must be trustees (or directors, if there is a corporate trustee) and are responsible for decisions made about the fund and compliance with relevant laws Two types of SMSF – Pooled and Segregated – Most are pooled for simplicity – where you can pool your funds together for the purchase of the same asset – i.e. a property – Still have individual member benefits – where your component of the super is allocated to you When you run your own SMSF you must: Carry out the role of trustee or director, which imposes important legal obligations on you Set and follow an investment strategy that is appropriate for your risk tolerance and is likely to meet your retirement needs Have enough time to research investments and manage the fund, keep comprehensive records and arrange an annual audit by an approved SMSF auditor Organise your own insurance Use the money only to provide retirement benefits. Who is it appropriate for? Large Combined balances Hands-on – and willing to take on trustee burdens Wanting to buy property You can get Direct shares or Term Deposits in other super accounts which aren’t SMSF Who sets this up? Accountants normally are the ones that would help to set up an SMSF, however, they would probably need to have a limited AFSL to do so. Depending on what they charge (which can vary) and the structure of the trustee, the costs can range from $2,000 to $4,000. This is then similar each year for the audits and returns to be completed. Given a combined balance of around $140,000, the ongoing administration costs would be over 1.5% p.a. which may hurt the long term performance. This is why ASIC have a benchmark of $200,000 for combined funds at which point SMSFs become more viable due to the accounting costs.   Buying the Property: Must meet sole purpose test – Provide retirement benefits to members Must not be lived in by a member or related party (family) Must not be acquired from a related party of a member Must not be rented by a fund member, or related party BUT – Business real gets around these rules Business real – if you own and run a business you can operate out of a property your SMSF owns You pay rent to the SMSF at market rates – Arm's length transactions Property purchased with a loan – Limited Recourse Borrowing Arrangement (LRBA) Borrowing or gearing your super into property involved very strict borrowing conditions - called a 'limited recourse borrowing arrangement'. You can only purchase a single acquirable asset with a limited recourse borrowing arrangement Bare Trust – Set up to own property – And the trust is inside the SMSF Has the loan so that the property it the sole collateral of the loan Property has to be single acquirable asset No change of character to property - You can't make alterations that change the character of the property until you pay off the SMSF property loan. Not suitable for developments, renovations etc. The deposit requirements for property also are around 20-25% of the purchase price and there are only two lenders in Australia which provide a mortgage inside of an SMSF. Due to Bare trust - Geared SMSF property risks include: Liquidity requirements – This is where the Investment Strategy of an SMSF needs to specify the cash balance requirements and that the contributions into the SMSF can cover the mortgage repayments (in case the property is not tenanted for an extended period. Depending on age – ranges from 10-15% at lower end to 40% in cash balance Higher costs – SMSF property loans tend to be more costly than other property loans. Cash flow – Loan repayments must come from your SMSF. Your fund must always have sufficient liquidity or cash flow to meet the loan repayments – Employer contributions Hard to cancel – If your SMSF property loan documents and contract aren't set up correctly, you can't unwind the arrangement. You may have to sell the property, potentially causing substantial losses to the SMSF. Possible tax losses – You can't offset tax losses from the property against your taxable income outside the fund.   When it works well Decent balances – ASIC guidelines of $200k minimum – technically no minimum – but makes it viable The more the better – Flat fees of $2k p.a. plus investment costs Can Diversify into other investments Comes back to having enough to spread it around Have other sources of income inside SMSF to offset deductibility – if the property is slightly negatively geared The property: Commercial real – own it yourself and lease it to yourself What Won't work – Risks of Buying property Property is heavily negatively geared Deductions are lost if no additional income earned by SMSF to offset it Also, the maximum rate of tax is 15% for accumulation Not much in super – the only asset is a property Not diversified The big risk to your retirement balances Not making lots of contributions Sometimes the property income won't cover costs Need to have an employer or personal contributions to meet cashflow requirements Need to renovate - Cant make changes to the property until the loan is paid off If you need to renovate you will be stuck Hard to wind up SMSF Loan documentation (if not set up properly) would require the sale of the property before SMSF can be closed If you are looking at doing it, seek advice! One thing not to muck up your retirement Thanks for the question – Don’t forget that these episodes are open to anyone who has a question – go to www.financeandfury.com.au and get in touch through the contact page!        

Pascale Helyar-Moray is the CEO of Super Rewards, a start up company that partners with Australia retailers to top up your super when you shop online.In this episode of Pitch to Scale, Catherine Robson speaks with Pascale about the October launch of Super Rewards. Pascale's business aims to address the gender imbalance of Australia's superannuation funds. Women retire with 42% less super than men and only enough for six years of retirement. Pascale tells Catherine where this idea started, how scalable she thinks it is and why Barbie might be the key to switching off.Curious about Pascale or Super Rewards: https://super-rewards.com/Interested in learning more about Scale: https://scaleinvestors.com.au/

Pascale Helyar-Moray is the CEO of Super Rewards, a start up company that partners with Australia retailers to top up your super when you shop online.In this episode of Success Stories, Catherine Robson speaks with Pascale after the October launch of Super Rewards. Pascale's business aims to address the gender imbalance of Australia's superannuation funds. Women retire with 42% less super than men and only enough for six years of retirement. Pascale tells Catherine where this idea started, how scalable she thinks it is and why Barbie might be the key to switching off.Catherine and Success Stories are taking a break. If you want to hear more interviews with inspiring women, Catherine is involved in a new podcast from Scale Investors. You can find it here: https://scaleinvestors.com.au/podcasts

Savezna vlada provest će opsežnu analizu mirovnskog sustava u Australiji, starosne mirovine,te obveznih i dragovoljnih plaćanja u sustav mirovisnke štednje - superannuattion. U oporbenoj Laburističkoj stranci strahuju da bi analiza mogla dovesti do rezanja mirovina, no neki od zagovornika prava starijih osoba podupiru analizu i dodaju da treba više učiniti kako bi Australci mogli imati bezbrižne umirovljeničke dane. - Savezna vlada provest će opsežnu analizu mirovnskog sustava u Australiji, starosne mirovine,te obveznih i dragovoljnih plaćanja u sustav mirovinske štednje.U oporbenoj Laburističkoj stranci strahuju da bi analiza mogla dovesti do rezanja mirovina, no neki od zagovornika prava starijih osoba podupiru analizu i dodaju da treba više učiniti kako bi Australci mogli imati bezbrižne umirovljeničke dane.

Please visit the Perian page. - دولت استرالیا قرار است مقررات جدیدی را در خصوص بازنشستگی و صندوق های بازنشستگی به مرحله اجرا بگذاره؛ مقرراتی که به طور حتم بر روی زندگی تعداد زیادی از استرالیایی ها تاثیر گذار خواهد بود.

This information is brought to you by the Australian Taxation Office. Interview with Jagjit Singh. - ਇਹ ਜਾਣਕਾਰੀ ਤੁਹਾਨੂੰ ਆਸਟ੍ਰੇਲੀਅਨ ਟੈਕਸ ਆਫਿਸ (ਏ ਟੀ ਓ) ਵੱਲੋਂ ਪ੍ਰਦਾਨ ਕੀਤੀ ਜਾ ਰਹੀ ਹੈ। ਜਗਜੀਤ ਸਿੰਘ ਨਾਲ ਇੰਟਰਵਿਊ।

In this episode, I chat to Jason Cubit, CEO of not-for-profit Horizon Housing Company, based on the Gold Coast. The company, which is celebrating its 25th birthday this year, provides housing for low income people in need. Jason has been a part of the company for 11 years, coming from a business background. Horizon’s portfolio spans Townsville, Roma, Ipswich, Toowoomba, Mackay and Gold Coast and includes a range of housing for people escaping domestic violence out of shelters, right through to home ownership. The company’s 60 staff work with the Queensland state government providing housing and supporting them in the provision of social housing for low income earners. It also works with the development industry providing discount housing options and development projects. Episode highlights: What Horizon Housing Company does - provides housing for low income people in need Horizon Housing stats - 2,500 houses and more under its subsidiaries across 6 countries People who would qualify for housing with Horizon - anyone from a person escaping from domestic violence to a young couple looking to own their first home The current property market and how Horizon responds Horizon’s work with Queensland state government and the development industry Being a charity and a developer Why Jason likes working for a not-for-profit A bit on Jason’s background - born in Tasmania, farming family, 1 sister, studied civil engineering Moving from Tasmania to Queensland Working for Steps and why it was the right fit for Jason Jason’s time at Gold Coast Housing Company The skills Jason needed to learn to be a CEO The challenge of pleasing all stakeholders Milestones throughout Jason’s career at Horizon - major construction program with $55m capital grants from state governments Diversifying the organisation is a big focus - a varied portfolio and support team Horizon is the first organisation in Australia to have a for-profit subsidiary that has an Australian Financial Services License Nationally licensed real estate agency in Queensland and starting out in other states The culture of not-for-profits Merger with Community Housing Limited First organisation to attract investment from a Superannuation Fund for funding housing Jason’s MBA and real estate license Jason’t focus for the next year - rolling out the real estate agency across Australian states Building small developments for seniors on lower incomes in Roma Jason’s small family-owned gym business in Gold Coast Arete Website: http://areteexecutive.com.au/ Richard Triggs LinkedIn: https://www.linkedin.com/in/richardtriggs/ Tap Into the Hidden Executive Job Market: http://areteexecutive.com.au/free-book/ Jason Cubit LinkedIn: https://horizonhrl.com.au/ Horizon: https://horizonhrl.com.au/

Cheapest Super Fund? Subscribe: https://goo.gl/vvWZTwJoin Super Fund Link: https://goo.gl/aUgNqgDISCLAIMER: This Podcast is for general knowledge and entertainment purposes only and should not be considered as financial advice. You should research before making decisions. If you are unsure, you should contact a qualified financial advisor before making decisions.This is the Super Fund I use after reading Money Australia Mag 2018 and Scott Pape's Barefoot Investor book. Low fees and good returns.High Interest Savings Account For Australians: https://youtu.be/UAYzmmWiv3cBest Credit Card for Overseas Travel and Online Shopping spend for Australians! https://youtu.be/ihKEu8_ZhjMBest Debit Card for Overseas Travel and Online Shopping spend for Australians! https://youtu.be/h7OoJD_Kho8

Self Managed Superannuation – What’s it all about? Luke Smith joined Richard Perno on Radio Station 2CC Talking Canberra 1206AM. The Money Show aired on Friday 22 February 2019. Luke and Richard caught up on self managed superannuation funds this week. It’s a different kind of structure to save for your retirement savings that gives … Luke on 2CC – Self Managed Superannuation Fund (SMSF) Read More »

Steven Pritchard looks at common questions about superannuation with Ian Morante, CEO of Nationwide Superannuation Fund, and brings us a market update with Henry Jennings, from Marcustoday financial newsletter.

Steven Pritchard discusses dealing with your super with Ian Morante, from Nationwide Superannuation Fund, and brings us a market update with Henry Jennings, from Marcustoday financial newsletter.

If you are currently employed in Australia, your employer should be paying a proportion of every wage you receive into a superannuation fund. This may seem like another tax on your earnings, but it isn’t. So what is the purpose of super, and how does it benefit you? - Australia ram ah rian a tuan lio mi na si ahcun, rianngeitu nih na hmuhmi hlawh chung in, aarup ning tein tar-tlin-hlawh cu an chiahpiak lai. Na hlawh hmuhmi chungin ngunkhuai pekmi a lo tiah na ruat maw? Ngunkhuai pekmi cu asilo. Asile tar-tlin-hlawh timi cu zeidah a si, riantuanmi nangmah caah zeidah a hlawkmiaknak an pekmi a si.

Steven Pritchard looks at new arrangements regarding superannuation for small businesses with Ian Morante, CEO of Nationwide Superannuation Fund, and brings us a market update with Henry Jenniings, from Marcustoday financial newsletter.

Ross Israel is the Head of Global Infrastructure Investments for QIC, Queensland, Australia’s 82B AUZ ($62B USD) investment fund. The Queensland government formed QIC in 1991 to oversee its Superannuation Fund, and the business has since evolved into a Global Diversified Alternative Asset Manager. Ross joined QIC in 2006 to create the Global Infrastructure effort and also serves as a member of QIC’s Executive Committee.  He has a quarter century’s worth of experience in corporate finance and infrastructure funds management.  Our conversation covers QIC’s structure, examples of long duration assets in ports and waterways, crossing knowledge between private and public markets, managing external assets alongside a substantial internal pool, governance structure, compensation and incentives, navigating stakeholders, and opportunities and risks in the space. The subtle differences in constituents and objectives of sovereign wealth funds from other institutional pools come out in the implementation of QIC’s investing. It’s a topic we’ll continue to explore on future shows.  Learn More Join Ted's mailing list at CapitalAllocatorsPodcast.com Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast   Show Notes 3:10 – A look at Ross’s background 5:58 – QIC and how is it structured 7:32 – Portfolio composition when Ross arrived 9:08 – What was his strategy for putting money to work 10:03 – What was the thinking behind such a concentrated portfolio 11:28 – Port of Brisbane 15:38 – Local vs. global focus 16:58 – Most challenging deal he’s done 18:28 – Lessons learned from their investing strategies 20:01 – Structure of their investment decision meetings 22:43 – Why does QIC take on outside capital? 25:27 – How does being part of a government entity play out in the deal dynamics 27:43 – How does decision making work on the fund? 29:06 – What happens if an internally run fund falters? 30:40 – QIC’s approach to incentives and compensation 37:13 – What influence do the large pool of funds have on the way they pursue investments 39:06 – How do they think about their objectives 41:30 – What is the competitive landscape for infrastructure investments 44:38 – What are the concerns as they look out on the horizon 47:32 – How do they view public debt 48:54 – Closing Questions

In this weeks episode Nathan Lear and Glenn Fairbairn discuss the difference types of superannuation funds including industry funds, retail funds and Self Managed Superannuation Fund. They also advise what to look for and key issues to be aware of.

Martin Fahy, the  CEO of ‎The Association of Superannuation Funds of Australia talks to Ross about what the superannuation balance should be at a particular age

Steven Pritchard discusses insurance and your superannuation fund with Ian Morante, CEO of Nationwide Superannuation, and looks at the market with Henry Jennings, from Marcustoday financial newsletter.

Steven Pritchard disusses setting up a self-managed superannuation fund, and brings us a market update with Henry Jennings, from Marcustoday financial newsletter.

Steven Pritchard discusses issues to consider in setting up a self-managed superannuation fund.

News articles and discussion of this weeks news.Australian News.Thousands protest as CFMEU officials face trumped up charges; https://www.greenleft.org.au/node/60813Stand with the CFMEU — Union organising is not a crime; https://www.greenleft.org.au/node/60804Anti-racist activists counter Reclaim Australia rallies; https://www.greenleft.org.au/node/60744International News.Venezuela: Maduro concedes defeat in assembly vote — why the counter revolution won and what it means for the revolution; https://www.greenleft.org.au/node/60803