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Showing 21 - 30 of 427 results for "Superannuation guarantee"

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... introduction of the Your Future, Your Super (YFYS) performance measures, and the legislated move to 12% Superannuation Guarantee," it outlined. Commenting on his departure Fahy said Australia's superannuation retirement system is the envy of its OECD ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... trillion, increasing steadily at 1.1% year on year. Contribution flows, APRA said, were in part driven by the Superannuation Guarantee (SG) increase to 10.5% from 1 July 2022 and strong employment. Industry funds ($1.2tn) grew 6% over the period. Retail ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision to align the ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... move to pay super with wages. ASFA deputy chief executive Glen McRea said: "Requiring employers to pay Superannuation Guarantee (SG) at the same time as wages will make it easier for employees to monitor the SG compliance of their employer and for the ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' 17.4% contribution ratio has risen from 15.8% in 2018 but remains lower than the ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... people who typically have a lower life expectancy, the report notes. It has also recommended freezing the Superannuation Guarantee rate to save $1.2 billion a year. Grattan said stopping the planned increases would also stop people from over saving for ...

ISA renews calls for gig worker super

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... students, otherwise unemployed and in many cases, living with a disability. However, they are not entitled to Superannuation Guarantee contributions under the Fair Work Act 2009. The typical gig worker, working in transport or food delivery and performing ...

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
... Bose said, the RIC has been a catalyst for that change. "In the past, the focus has really been on the superannuation guarantee and getting those balances there and built up at the point of retirement," she said. "But now we're seeing that shift ...