WA Super News
Just as you need a balanced diet for healthy eating, you need a balanced portfolio for healthy investing.
At WA Super, we ended the 2017/18 financial year with some solid returns.
WA Super is aware of the Royal Commission activity that is currently underway. As a member focused not-for-profit super fund, we support the scrutiny on financial services and the superannuation industry where the outcomes will ultimately benefit members.
As we say goodbye to last financial year and welcome in 2018-19, I just wanted to update you on the changing landscape in the superannuation industry.
Right now there's billions in lost super sitting around in the Australian Taxation Office’s coffers unclaimed.
The Federal Government seems always to be tinkering with some element of super.
Here’s a startling statistic: over a third of Aussies learn about personal financial management for the first time when they’re an adult.
As part of our ongoing commitment to measure and improve our member’s experience with us, we have partnered with an independent research company Customer Service Benchmarking Australia (CSBA) to conduct a short phone survey with some of our members.
WA has hit the bottom of the business investment cliff and it’s all uphill from here, says CCI Chief Economist Rick Newnham
WA Super CEO Fabian Ross is on a mission to help members, employer groups, and the broader community understand the power of financial well-being. By BEN POWER.
In June and July every year, we run a special offer that gives insured members the opportunity to request an additional $60,000 of Death cover or Death and Total and Permanent Disability cover without undergoing a full assessment.
Big congratulations to our competition winner V. O'Shea and thank you to everyone who visited us on the WA Day long weekend at our booth and for participating in our Sustainable Future survey.
The end of the 2017/18 financial year is approaching fast, so now might be a good time to make the most out of your super before 30 June.
We are heading towards the end of the financial year and what a year it has been. As we draw closer we want to encourage all employers to prepare for the end of the financial year (EOFY) so you meet your super obligations.
The end of the financial year will be here before we know it, so it’s important to be aware of all the key activities including employer contribution deadlines.
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has generated a lot of disturbing news in the financial services sector.
Tackling multiple superannuation accounts, changing insurance for younger and inactive members, as well as increasing restrictions on superannuation fees were the key superannuation measures announced in the 2018/19 Federal Budget.
WA Super is excited to announce we’re switching to SuperChoice*, a state-of-the-art clearing house service provider!
Your employer contributions alone are unlikely to be enough for you to live your retirement dream, but there are other ways you can grow your super balance. Let’s look at the two types of contributions.
The State Government is on the cusp of delivering one of its major election promises – establishing Infrastructure WA.
Over the last 10 years, there has been significant consolidation in the superannuation industry.
As we close in on the end of financial year, its a great time to do perform a super health check. Are you adequately insured? Are you making extra contributions to boost your super? Is it time to get some sort of Financial Advice?
In our last newsletter, we discussed the types of cover you could automatically receive as a member of WA Super. And while this provides an important safety net, it does not take into account your individual needs.
The great Australian dream of breaking into the property market is getting tougher for young Australians. House prices continue to surpass income levels, meaning saving for a home deposit is stopping many from entering the housing market.
WA business confidence reached a four-year high in the December 2017 quarter.
The latest WA Super – CCI Survey of Business Confidence is the only index in the country that provides a snapshot specifically of WA economic conditions and business expectations.
We are excited to announce that WA Super is moving offices!
On 9 February 2018, two Western Australian superannuation funds, WA Super and Concept One, successfully merged, resulting in WA Super having around $3.5 billion in funds under management and 60,000 members.
Our life insurance partner, TAL, is encouraging us all to embrace sun safety with a skin check this summer.
Between Friday 2 February and Monday 5 February, a number of global equity market indices dropped by between 2%-5% including a fall of over 1,000 points on the Dow Jones on 5 February.
As the year draws to a close, it is good to reflect on the year we all have had and what we can look forward to in 2018. I hope you have had a great year in all things family, health and career.
As the year draws to a close, it is good to reflect on the year we have all had and what we can look forward to in 2018. I hope you have had a great year in all things family, health and career. Your super certainly has had a great year.
WA Super has relaunched its Sustainable Future investment option to be even more sustainable with a focus on investments that promote global change through impact investing, the first of its kind in Australia.
As a member of WA Super you will be automatically assessed for Basic Cover, which includes Life insurance, Total and Permanent Disability (TPD) insurance, and Income Protection for eligible members.
WA business has shown resilience after tough economic times and is increasingly optimistic about growth prospects, says Chamber of Commerce and Industry Chief Economist Rick Newnham
Business confidence in Western Australia has not only bounced back, it is the highest it has been in almost three years.
Perth based superannuation funds, Concept One and WA Super have today announced their intention to merge. The agreement will involve Concept One members being merged into WA Super, building the scale and efficiency of Western Australia’s only, not for profit, public offer super fund.
Welcome to the 2nd edition of Supernews for 2017. Here at WA Super, we are committed to helping your employees achieve their retirement dream. Shortly all members will be receiving their individual annual member statement illustrating where they are on that journey and what they can do to stay on track.
“Financial stressors are not only negatively impacting employees, but are costing employers,” said Paul Owen, General Manager – Client Services at WA Super.
With the release of the WA State Budget recently, the Treasurer announced that all sections of the WA Community would be impacted. Here are some of the key take-outs
Welcome to the first edition of Supernews for 2017. This year has been a big year on many fronts. Whether it be in local or international politics, the economy, investment markets and even the weather, there has been lot happening in WA, Australia and around the world. And with superannuation, we know there is never a dull moment.
We have had many member enquiries about the insurance changes that came into effect from 1 July 2017, so hopefully this overview of the changes will assist you in understanding what has happened and how it might impact you.
While we may need to recalibrate our expectations, it’s not all doom and gloom, says CCI Chief Economist Rick Newnham.
Measures to tackle home affordability were a key focus of this year’s Federal Budget, along with a company tax cut, an increase in the Medicare levy, changes to school funding models and the introduction of a new bank levy.
WA Super appointed a new Chief Executive Officer, Mr Fabian Ross in February 2017.
WA Super’s primary investment goal is to grow member’s retirement savings by delivering net returns greater than the cost living over the long term.
On Thursday 23 June, a referendum was held in the United Kingdom (UK) regarding leaving or staying in the European Union (EU). The British people have now voted and the outcome was a majority voting to leave the EU.
A number of key superannuation changes were announced in last night’s Federal Budget, making this a very significant Budget for superannuation.
WA Super's underlying costs are not actually increasing to the extent that the change in indirect cost ratios (ICRs) would indicate.
West Australian based super fund WA Super has appointed Towers Watson as asset consultant of its investment portfolio.
West Australian based super fund WA Super has appointed J.P. Morgan Investor Services as custodian of its $2.5 billion investment portfolio.
The date for employers to be SuperStream ready is fast approaching. To help employers get ready for the changes to how superannuation is paid, the Australian Taxation Office (ATO) is hosting a free breakfast information session in Bunbury on Monday 20 April.
This year in the lead up to International Women’s Day on 8 March 2015, the Association of Superannuation Funds of Australia (ASFA) is urging all women to take 60 minutes out of their day to sort their superannuation in the 'Super Sorter Power Hour'.
WA Super is thrilled to announce they will accept eligible contributions transferred from KiwiSaver.
WA Super today announced its new look Trustee Board.
The appointments of Simon Withers, Therese Ryan, Sharon Hicks and David Moroney add significant depth to an already-experienced team.
Retirement is about enjoying the rewards earned through hard work and sacrifice. You have spent years building assets to provide your family with a comfortable life and years planning to create a comfortable retirement for yourself.
Each month we will explore a different topic in Take 5! This month we look at 5 of the most important changes announced in the 2014 Federal Budget.
While many across the country took advantage of the alignment of Easter and Anzac Day to take an extended break, speculation in relation to the Federal Budget to be handed down on 13 May continued unabated.
As a participating employer with WA Super, you can provide your employees with many superannuation services and enjoy the benefit of simple administration.
A positive change for employers
From 1 July 2014, employers with 20 or more employees are required to use the Data and Payment Standard (the standard) when making
Most of us don’t like talking about dying or thinking that we are all going to pass away one day.
The government has imposed limits on the amount you can contribute to your superannuation account. These are known as concessional and non-concessional contributions caps.
Consolidating your super!
No one likes wasting money, especially on unnecessary fees!
Each month we will explore a different topic in Take 5!
This month we thought we would start by looking at ourselves – Why WA Super?
Investing is the process of getting money to work for you. It is a powerful way to grow your wealth.
You’ve worked hard all your life to create the lifestyle you want for you and your family, and now is the time to relax and enjoy the fruits of your labour.
The 2013 Federal Budget announcements made on 14 May were largely non-surprising with virtually all major announcements from a wealth perspective, having been rumoured and confirmed in the days and weeks leading up to this night.
The Tax Office has announced that it will issue advices to Australian business owners on new superannuation obligations to ensure they are adequately prepared.
Recently the Government announced a number of future reforms to Australia’s superannuation system. These proposed reforms are focussed on the fairness, sustainability and efficiency of the superannuation system. However, most importantly, these changes are not yet law, and the Government has indicated it is unlikely they will be introduced into Parliament before the Federal election in September 2013. They will instead form part of the Government’s election policy platform.
ME Bank has further reduced it’s 3-year fixed Super Members Home Loan (SMHL) Standard Home Loan rate to 4.99% p.a. (comparison rate 5.66% p.a.).
This is currently the lowest 3-year fixed home loan rate in the market and the lowest ME Bank has ever offered.
ME Bank has today reduced its Super Members Home Loan Standard Home Loan^ three-year fixed rate to 5.39% p.a., which is the lowest rate currently on the market, and
the lowest ME Bank has ever offered since becoming a bank in 2001.
On 8 May 2012, the Federal Government handed down its Budget for 2012/13.
It would be fair to say that everyone will be impacted in some way by the measures contained in the Budget itself, or by other recent announcements from the Government that will apply from 1 July 2012.