Article Abstract:
Terry McCredden, fund chief with Telstra Superannuation Scheme plans to put a proposal across the board on introduction of a super fund choice scheme. If the proposal is accepted then Telstra will be the first conventional corporate fund to introduce a public-offer plan. For McCredden, his not-for-profit company cannot compete with the marketing budgets of the big commercial mastertrusts, including the retail funds. Moreover this might prove to be a highly attractive package, given that the fund already has a good record of strong performance and low costs. An evaluation on introduction of such schemes is presented.
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Article Abstract:
The total assets in self-managed or do-it-yourself (DIY) funds continued to expand rapidly in the recent times while those of the big corporate, retail and government funds in Australia fell. The proponents of DIY superannuation argue that the performance of the funds should be measured not only on investment returns but also on the extra benefits arising from using innovative yet legitimate strategies.
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Article Abstract:
Creditors, former spouses, and beneficiaries can be the greatest threats to wealth, but there are several methods to protect assets. Protecting assets can be accomplished by superannuation contribution; making financial agreements before or during marriage; transferring assets to discretionary trusts and knowing its risks and benefits; forming a testamentary trust; and understanding the Bankruptcy Act.
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