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Showing 1 - 10 of 126 results for "average Australian"

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... average as well as wealthy Australians," she said. "We have a financial system that's so complex that the average Australian simply can't navigate it on their own and will miss many opportunities if they don't have professional advice." Finally ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... despite being decades away from retirement. They're also more pessimistic about their future compared to the average Australian superannuation member. Rest chief executive Vicki Doyle said the research paints a "sobering picture" of its young members' ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... per dollar, or not taxed at all for pension members. According to the Australian Bureau of Statistics, the average Australian working full-time earns $1807 a week. Aware Super said if they invested $10,000 in a 12-month term deposit through the fund ...

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

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... ASFA Retirement Standard suggests that retirees need over $500,000 in their super balance, far exceeding the average Australian super balance for early 60s retirees - $356,000 for men and $288,000 for women. Adding to this bleak outlook, Findex's study ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
New data from the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national ...

DASH lands venture capital investment

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... the view that DASH will significantly contribute to increasing the accessibility of financial advice for the average Australian. Co:Act principal Ash Lambert said: "DASH's technology strategy holds the promise of revolutionising the delivery of financial ...

Dataset to ease policy planning for ageing population

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... of retirement dataset. In producing the dataset, KPMG has determined the expected age of retirement for the average Australian as well as how their level of education changes things. In doing so, KPMG found Australian workers' expected age of retirement ...

Super Fierce super index shows top 15 funds

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
... highest-performing superannuation fund through basic comparisons is a daunting and complicated task for the average Australian consumer." "We created the Fierce Performers Index to provide all Australians with an affordable way to find and select a super ...

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... Association of Australia statistics that claimed the average fees for advice represented approximately 3% of an average Australian's income. Additionally, the KPMG report made clear that there was a definitive price gap between the cost of advice versus ...

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... accounts - but in practice it means people won't have the right cover for their circumstances," Puli said. "The average Australian changes jobs 12 times throughout their lifetime. In that time, they may get married, have kids, buy a home, and take on ...
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