November 6, 2011

The government’s recent introduction of legislation to gradually increase compulsory superannuation contributions from 9 per cent to 12 per cent has generally been welcomed by the financial planning community. An increase in the Superannuation Guarantee means that Australians will have larger superannuation account balances – and this represents a prime opportunity for financial planners to deliver real value for their clients and assist them with the very real and pressing need to adequately prepare for retirement.