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Showing 21 - 30 of 837 results for "ASFA"

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... data-driven solutions that are personalised, relevant, integrated, easy-to-use, and secure," he said. As far back as 2014, an ASFA/PwC Superannuation survey found that members want their funds to anticipate their needs, educate them, and help them to ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... superannuation funds can continue with existing service arrangements that are in the best financial interests of their members." "ASFA has long advocated for appropriate targeting of the NALI provisions and appreciates the government's rigorous consultation ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... and others on lower incomes." Australian superannuation industry bodies Association of Superannuation Funds of Australia (ASFA) and Australian Institute of Superannuation Trustees (AIST) also welcomed the government's move to pay super with wages. ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
According to an ASFA report, the government's proposed superannuation changes will improve equity by curbing tax benefits for high-income earners. The introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... should also be mandated to contribute. This is a headline result from the Association of Superannuation Funds of Australia (ASFA) 2023 Fund Member Survey and includes many individuals who considered themselves to be in that category. "While there is ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... retirement, with government support, in an equitable and sustainable manner. Several industry groups and organisations, like ASFA, FSC, HESTA and Insignia Financial supported the government's proposed objective for superannuation. At the ASFA Conference ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... the cross-industry working group has met three times since its creation. "It's got representatives from AIST, FSC and ASFA, Link and Mercer, and all of the regulators as well," she explained. "It's been an incredibly valuable forum." She said ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... increased by an average of 1.8% per quarter, marking a higher historical average of 0.6% per quarter since the early 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... of extreme financial hardship or to pay for life saving medical treatment." As previously reported by Financial Standard, ASFA said the government's COVID-19 early release of super scheme saw the closure or near emptying of almost one million member ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... contributions they need for a more financially secure future." Meanwhile, the Association of Superannuation Funds of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated ...