29 March 2022 The Australian Government is proposing that from 1 July 2022 all public offer super funds (those that anybody can join) must have a documented Retirement Income Strategy for retired members, or those approaching retirement. This is not required for Self-Managed Superannuation Fund (SMSF) but it is something
1 February 2022Download the submission here or read it below. 220128-mSmart-response-to-ASIC-CP351-Superannuation-forecasts
1 February 2022 Response to ASIC Consultation Paper 351 Superannuation forecasts: Update to relief and guidanceWe fundamentally agree with ASIC’s proposals, with some important points we believe need further discussion. Click here for access to our full submission.The key reasons why ASIC are considering updates to guidance on superannuation calculators are (our emphasis):
July 13, 2021 by Financial Foreplay Podcast Listen here: https://www.podbean.com/media/share/pb-cwt97-108a053Emergency access to superannuation granted by the Australian Federal Government during the COVID-19 pandemic has triggered a discretionary spending spree for some Australians, who are splashing cash on some shockingly non-essential items – gambling, alcohol, apps, luxury fashion items, and takeaway food.Roughly 3m
June 16, 2021 by The Australian Business Journal Standing at the forefront of next-generation digital advice products, mSmart provides easily accessible pre-built structured investment portfolios of direct securities or managed funds and, uniquely links investments to a powerful forecasting algorithm, that provides long-term projections for complex outcomes such as superannuation.Thanks to this,
February 5, 2021 by The New Daily Young people will be severely disadvantaged if the legislated rises in the superannuation guarantee (SG) do not go ahead. New research from mProjections has shown that if the SG moves only to the 10 per cent level scheduled for next July, the average 25-year-old will
February 4, 2021 by Mike Taylor Young Australian superannuation fund members stand to be 15% worse off at the time of their retirement at age 67 if the Government moves, as being speculated, to cap the superannuation guarantee (SG) at 10%. Analysis undertaken by investment portfolio firm, mProjections has carried
November 2, 2020 by Jassmyn Goh (Money Management) The impact of the Government’s early access to superannuation hardship scheme might only be $8.50 per week in terms of today’s spending power, mSmart believes.The fintech platform’s founder and chief executive, Derek Condell, said the super industry did not have any tools that
December 17, 2020 by Ron Lesh (BGL) This has been a tumultuous year for BGL, our clients and the superannuation industry. During the year, the government introduced another super early release scheme – this time in response to COVID-19. I have asked our friends at mProjections to do a couple of calculations