May Active Insights
The government released the federal budget earlier this month and we have provided a summary of key initiatives relating to super in our bulletin.
We’ll also be taking a look at the importance of nominating an eligible beneficiary to help direct your super to the intended person in the event of your death.
While female participation in the Australian workforce has grown over the years, research from Women in Super shows that women are still lagging when it comes to wealth and financial security. We have provided some super tips for women to help address the wealth gap.
In his latest Economic Update, our Chief Investment Officer Craig Turnbull summarises how the economy is performing amid high inflation and rising interest rates.
May Economic Update
The Australian economy continues to show resilience despite higher interest rates and rising inflation over the last year. The S&P/ASX 200 has carved out modest gains so far and was close to 4 percent higher as of 30 April.Read More
Awards and achievements
Active Super is one of six super funds to be awarded Canstar’s 2023 Outstanding Value Superannuation Award. In further good news, Rainmaker has given our Accumulation Scheme and Account-Based Pension Plan AAA ratings every year since 2006.Read More
What Happens to Your Super When You Die?
The average superannuation balance sits around $147,000, yet many Australians are unaware of the importance of nominating an eligible beneficiary to ensure their super goes to the intended recipients.Read More
Budget Bulletin May 2023/24
In the May federal budget, the government reported a $4.2 billion surplus for 2022-23 and forecast a slowing economy and a decline in inflation. A series of cost-of-living measures were announced along with some initiatives that have an impact on superannuation.Read More
WOMEN AND SUPER
Research shows the odds are stacked against Australian women when it comes to saving for retirement. But there are ways for women to narrow the gap. Start by getting active with your super.