Without doubt, Australia’s superannuation system is a world-leading accumulation system. But when it comes to managing the retirement phase of people’s lives, there are improvements to be made.

At a time when the nation’s financial sector might be experiencing a degree of inquiry fatigue, Shadow Treasurer The Hon Chris Bowen MP has made it clear a vote for the Australian Labor Party at the next election is a vote for a Royal Commission into banks and the financial services industry.

According to Tom Durick from the CSIRO’s data innovation group Data 61, the hype cycle around fintech reached its height last year and probably entered the “trough of disillusion at the beginning of this year” but right now it’s on the rise again as we’re seeing it go “beyond the proof of concept”.

Thousands of families were left in limbo after the spectacular collapse of childcare operator ABC Learning in 2009, but out of the ashes emerged one of the earliest success stories of impact investing in Australia. 

It’s the biggest intergenerational transfer in history, but leading super funds could miss out to more targeted newcomers if they don’t learn to speak millennial – and fast.

George Soros and Warren Buffet are most often named as role models for young recruits in financial services. But for young women entering the industry, female role models are few and far between. “76% of investment managers are white men, and most of those are private school educated” says Yolanda Beattie, Diversity and Inclusion Practice Leader at Mercer.

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