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Thriving on Change

With the introduction of Better Super by the Howard Government in July last year, we saw some of the most significant reforms to sweep through the super industry in years, making super an even more attractive investment than ever before.

So, with a new government in place, what kind of developments can we expect in the super environment?

The ALP, as part of their pre-election campaign, put forward a number of key areas they would like to focus on in 2008.

These included:

• conducting a review of the adequacy of existing superannuation arrangements – is the 9% your employer normally contributes enough to provide for your lifestyle after work?
• reducing the amount of lost super – with an estimated one in three Australians having super in unclaimed accounts, the introduction of an automated consolidation service could help increase your super balance sooner.
• making super simpler – putting in place standard projections to help you understand how much you’ll have and if you’re on track.
• getting the right financial advice - helping you get the right advice, at the right time, for an affordable price

These highlights indicate the Rudd Government is committed to making super simpler and assisting you to provide for your lifestyle after work.

Turning to the share market, I understand some of you may be feeling a little anxious in light of the recent market movements. You could be asking yourselves what impact the recent downturn, may have on your superannuation investment.

Our view at Russell is that periods of volatility are an inevitable part of investing and you should remain focused on your long-term goals. Our philosophy revolves around improving financial security for people, and we do this by planning for, and being flexible to, changing conditions. We have a highly capable investment management and research team which allows us to be in the best possible position to be responsive to these changes.

I hope you enjoy this issue of Achieve.

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Achieve is issued by Russell Investment Management Limited (‘RIM’), ABN 53 068 338 974, AFSL 247185. Achieve provides general information only and does not have regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. The information has been compiled from sources considered to be reliable, but is not guaranteed. Past performance is not a reliable indicator of future performance. Total Risk Management Pty Ltd ABN 62 008 644 353, AFSL 238790 (‘TRM’) is the trustee of the Russell SuperSolution Master Trust ABN 89 384 753 567 (‘Russell SuperSolution’) and the issuer of the Product Disclosure Statement (‘PDS’) for Russell SuperSolution. Any potential investor should consider the latest PDS in deciding whether to acquire, or to continue to hold, an investment in Russell SuperSolution. The PDS is currently available by visiting www.russell.com.au or by phoning 1800 555 667. RIM and TRM are part of the Russell Investment Group (‘Russell’). Russell or its associates, officers or employees may have interests in the financial products referred to in this magazine by acting in various roles including broker or adviser, and may receive fees, brokerage or commissions for acting in these capacities. In addition, Russell or its associates, officers or employees may buy or sell the financial products as principal or agent. You may contact Russell on (02) 9229 5111. MKT/1657/0308

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