An uncertain future
Exploring the issues and options facing UniSuper Defined Benefit fund members
Business & Finance, Finance & Investing, Finance, Investments & Securities
| Author: | Daryl Dixon | ISBN: | 9780646596600 |
| Publisher: | Daryl Dixon | Publication: | December 11, 2013 |
| Imprint: | Language: | English |
| Author: | Daryl Dixon |
| ISBN: | 9780646596600 |
| Publisher: | Daryl Dixon |
| Publication: | December 11, 2013 |
| Imprint: | |
| Language: | English |
Daryl Dixon, one of Australia’s foremost investment and superannuation experts and well-known writer and consultant, lifts the lid on issues that have concerned him for the past two years in this frank look at the UniSuper Defined Benefit (DBD) fund.
Daryl argues that the fund, the default super fund for all new full-time university employees, is putting members’ retirement benefits at risk by failing to provide a guarantee to pay promised benefits. He also shows how the UniSuper DBD favours older employees.
Ahead of changes to be implemented from 1 January 2015, which will result in a significant reduction in the accrual of benefits, Daryl considers a number of options for UniSuper DBD members including:
whether to leave (if they are in a position to do so)
reducing personal member contributions or not contributing at all
reducing working hours if they are over the age of 55
whether to start a non-commutable lifetime pension.
Complete with case studies and calculations never before made public, this is a must-read book for every DBD
Daryl Dixon, one of Australia’s foremost investment and superannuation experts and well-known writer and consultant, lifts the lid on issues that have concerned him for the past two years in this frank look at the UniSuper Defined Benefit (DBD) fund.
Daryl argues that the fund, the default super fund for all new full-time university employees, is putting members’ retirement benefits at risk by failing to provide a guarantee to pay promised benefits. He also shows how the UniSuper DBD favours older employees.
Ahead of changes to be implemented from 1 January 2015, which will result in a significant reduction in the accrual of benefits, Daryl considers a number of options for UniSuper DBD members including:
whether to leave (if they are in a position to do so)
reducing personal member contributions or not contributing at all
reducing working hours if they are over the age of 55
whether to start a non-commutable lifetime pension.
Complete with case studies and calculations never before made public, this is a must-read book for every DBD
