DIY may soon lose its frills

Article Abstract:

Small superannuation funds, also called DIY funds have been permitted as long as the Insurance and Superannuation Commission determined there was a clear investment strategy, purchases were thought out, and managers did not stray from the rules. However, things could change with regulation of DIY funds now being administered from the tax office. The move could also cause changes in the definition of excluded funds.

Pension funds

---

The taxman cometh

Article Abstract:

Do-it-yourself (DIY) funds have become the fastest growing sector holding assets of $42.3 bil, which is 12% of superannuation assets in Australia. The main reason for such growth is the growing number of people such as business owners, wealthy managers, retirees, and other who want to do their own investing. However, several governmental changes have been proposed, making these funds stricter and tighter.

Special funds

---

Industry funds results

Article Abstract:

Industry funds are the fastest growing of the retirement savings funds. In 1998, they increased by 22%, which places them second to self-managed super which increased by 23%. Rice Kachor, a research group, surveyed investment performances of over 50 industry funds and reported positive results for all of them. The average fund achieved a net growth of almost 10%.

Evaluation, Retirement planning, Retirement income

Similar abstracts:

• Abstracts: In a position of trust. Hit or miss mortgages. Keeping it in the family
• Abstracts: Wider choice in LMIs. Housing boom fuels GWT results
• Abstracts: Tarzan and the truth collide in the Catskills. It's indoor fire season. RV having fun yet
• Abstracts: In With The New. Passion for art brings rewards. Go Ahead, Make Me A Share Trader
• Abstracts: It's bargain buying season. Software help for residential investors. 1997 life insurance company of the year: Tower Life takes the top award - again

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.