CEO Communiqué May 2019
This Communiqué details updates about legalsuper and the broader superannuation industry. Super has been somewhat under the spotlight with the Productivity Commission and Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry delivering their final reports. Separately, more reforms to the system have been foreshadowed by the main political parties heading into the Federal election.
legalsuper will continue to monitor changes and keep you informed. The Communiqué outlines legalsuper’s financial performance and important initiatives and achievements to continue to improve member benefits, member experiences and indeed our broader support and contribution to Australia’s legal profession.
legalsuper turned thirty on 6 March 2019 and continues its singular purpose of managing the retirement savings of Australia’s legal community. The legalsuper team looks forward to continuing to deliver strong investment returns and high-quality personal service, and to keeping you informed about developments in super.
Market volatility update
At the time of writing, the impacts of the Coronavirus are escalating. This update is to keep you informed of rapidly changing situation and the potential impacts on superannuation investments.
Share market volatility
How does recent market volatility affect your super? As with any long term investment, your super will be exposed to many market cycles. It’s reasonable to expect a decrease in growth for Q1/Q2 2020, but keeping a long-term focus will show smoother, steady growth.