Week One Roundup

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Next Exit!
Photo: University of Nebraska-Lincoln

Benjamin Hansen – @ben_hansen

So the day arrived!

This past Monday, the 18th of June, I started my first internship as a journalist at Key Media’s Sydney based magazine Your Investment Property. A magazine, like the title suggests, focussing on investment in the property market. The magazine also features the stories of readers who have invested in property after reading an issue and had success in the market.

On my first day I was thrown straight in. After arriving and going through the usual occupational, health and safety ‘stuff’. I was then shown my desk and assigned to writing a feature on a man from northern Queensland who had had success after his first attempt at investing in the property market. A little bit nervous about being thrown into the deep end, but I put on my floaties and tried my best to get the most newsworthy information out’ve the interview I was given.

My second and third days involved writing small ~300 word articles on one suburb for each state and territory of Australia that would be included in each corresponding state’s monthly roundup. This involved contacting real estate agents and asking them questions on investment in the area, as well as reasons why potential investors should spend their money in that suburb. This was interesting and I enjoyed speaking to agents from across Australia.

That’s what I got up to this week as an investment/finance journalist intern. Who knows what the next five weeks will hold for me!

P.S: Any journalism or media students wanting to start an internship with a media company, should have a look at the blog My Interning Life as well as La Trobe University’s Upstart Magazine.

– Ben

 
Links:

Media Release Decoded

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The following is an article I was require to write as a test. I was provided with a media release from Mercer Super Trust and had an hour to produce an article that focussed on the most newsworthy topic. I was restricted to the information that was provided in the media release (no googling Mercer). I have included the media release at the end.

The Key To An Enriched Retirement

Enough super to support your retirement?
Photo: HB Financial Services

Benjamin Hansen – @ben_hansen

Retirees will see themselves outliving their retirement funds unless super trusts educate their members on ways to ensure their savings will be enough to support their retirement.

Mercer Super Trust leader, Heather Dawson said that increasing the Federal Government’s Superannuation Guarantee was one way to tackle the issue of retirees outliving their superfunds. “However, good superannuation providers also need to ensure their members know now how much they need to boost their savings.” she said.

A survey conducted by Mercer, also indicated that one in five Australians did not know where their funds were invested, with the same percentage unsure of the tax benefits of having a superfund.

Indicating lack of knowledge as a reason for unpreparedness, Ms. Dawson said that 27 percent of members with low-level knowledge on superfunds were prepared for retirement, compared to 71 percent of members with high-level knowledge of super.

Ms. Dawson believed that retirement funds should have standard investment options that would ensure the fund lasted the member’s entire post-retirement life, rather than a portion of retirement.

Also stating that superfunds needed to educate their members on the benefits of investing and what lack of investment could mean later in life.

“Super funds need to provide members with forecasts of their income in retirement including the impact of different investment strategies, changes in income and contribution patterns and stock market movements.” Ms. Dawson said.

The Mercer Super Trust leader later said that she understood superfunds could not educate all members, “so there is a responsibility to ensure the range of investment options and products available include automatic or default settings that protect members throughout their lives.”

Mercer media release:
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