21 February 2025 13:10
The Australian government has signed a Memorandum of Understanding with the Cook Islands government on superannuation portability.
The MoU was signed November 2024 and represents a commitment to set up a super portability scheme between the countries, which will allow affected residents to transfer retirement savings between each country after permanent migration.
The scheme will start after both countries have agreed to a legislative amendment.
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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