Superannuation and Pensions
Superannuation and retirement savings in both Australia and New Zealand are hot topics. Both countries are experiencing dramatic change requiring a greater depth of knowledge to address this increasingly complex and competitive environment.
The pool of superannuation funds in Australia is now equal to the country’s annual GDP. That volume of money creates vast opportunities – but it also entails significant regulation, intense competitive pressures and close media scrutiny.
New Zealand has seen the introduction of 'KiwiSaver', a voluntary retirement savings scheme and compatible incentives for traditional employment-based superannuation schemes. These changes will revolutionise retirement savings in New Zealand.
That’s where DLA Phillips Fox can help.
We help you manage the compliance and regulatory burden, freeing you to focus on product development, distribution and operational management and on providing the best result for your stakeholders and your fund members.
Superannuation providers need high quality advice to manage the risk and reap rewards in this industry.
We deliver:
- Access to an international alliance of legal firms with global superannuation and retirement income industry experience.
- Product development expertise and a commercial focus.
- In-depth knowledge of the local superannuation sector gained through work – in Australia with industry funds, public offer funds, corporate funds and self managed funds – in New Zealand with registered superannuation schemes, complying funds and KiwiSaver schemes.
We advise product providers, retail and wholesale investment managers, platform providers and trustee companies. Our client base of leading superannuation funds includes – in Australia, industry and corporate super funds as well as large privatised public sector funds – in New Zealand, large employment-based superannuation schemes and both industry and retail KiwiSaver schemes.
We offer advice on:
- Superannuation Complaints Tribunal complaints and claims.
- Designing and establishing schemes including project management and access to a full range of service providers.
- Public offer issues.
- Relevant industry legislation.
- Taxation treatment of superannuation funds and tax benefits.
- Global custody agreements and security lending agreements.
- Group life policies and cover.
- Maximising funding, funds benefits, termination of funds and funds documentation.
- Trust deeds and amendments.
- Wraps and other platform businesses.