Superannuation and self managed super funds are raising, expanding fast actually! Expect several financial insufficiencies when you stop working if you did not take care of your retirement while you're still employed.
The superannuation industry is predicted to become more potent within the next few years inspite of the slowing global economic climate and slacking share market causing a lot of people to doubt the superannuation system in Australia.
There are many indicators pointing towards, and lots of analysts predicting that Australia's superannuation industry is expected to have strong expansion this year and should continue to show strong annual progress over the next 10 years.
This prediction is strongly supported by the research conducted by DEXX&R, a reputable financial service research firm. Their latest market report is predicting that the total superannuation market will have an average annual growth rate of 9.1% to $3.25 trillion by June 2022.
A growth of 8.6 % to $3.75 is also predicted in the over-all financial services market, which includes the post-retirement sector and master trust sector, as outlined by study carried out by DEXX&R.
Though the perspective is positive, particularly over the 10 year period, it is important to recognize that the Future of Financial Advice (FOFA) reforms will have the potential to negatively impact predictions for the 2013 year.
The forthcoming FOFA reforms provides the financial services industry with a tumultuous year while financial advisors adapt their business models and business methods whilst these regulatory changes come into play.
Nobody knows exactly what is going to happen, one thing is sure however, the australian superannuation market will grow. More people will retire than ever before and opportunities for wealth creation will because of the global financial slow down also grow.
It is your responsibility to deal with your super, and not merely an option that you could just ignore. Regardless of how old you are today, there's still a chance for you.
The superannuation industry is predicted to become more potent within the next few years inspite of the slowing global economic climate and slacking share market causing a lot of people to doubt the superannuation system in Australia.
There are many indicators pointing towards, and lots of analysts predicting that Australia's superannuation industry is expected to have strong expansion this year and should continue to show strong annual progress over the next 10 years.
This prediction is strongly supported by the research conducted by DEXX&R, a reputable financial service research firm. Their latest market report is predicting that the total superannuation market will have an average annual growth rate of 9.1% to $3.25 trillion by June 2022.
A growth of 8.6 % to $3.75 is also predicted in the over-all financial services market, which includes the post-retirement sector and master trust sector, as outlined by study carried out by DEXX&R.
Though the perspective is positive, particularly over the 10 year period, it is important to recognize that the Future of Financial Advice (FOFA) reforms will have the potential to negatively impact predictions for the 2013 year.
The forthcoming FOFA reforms provides the financial services industry with a tumultuous year while financial advisors adapt their business models and business methods whilst these regulatory changes come into play.
Nobody knows exactly what is going to happen, one thing is sure however, the australian superannuation market will grow. More people will retire than ever before and opportunities for wealth creation will because of the global financial slow down also grow.
It is your responsibility to deal with your super, and not merely an option that you could just ignore. Regardless of how old you are today, there's still a chance for you.
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