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| | | The Reserve Bank of Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at ... |
| | | | ... illness, TPD and trauma are younger by one to four years on average compared to men. In terms of mental health cases, the average age for women claiming mental illness income protection is age 46. Financial concerns remain the most significant driver ... |
| | | | ... gone from a dual to a single-income household. "Separation and divorce tend to hit women harder than men with the average age of divorce being 38.5. At this age, many women have taken time out of the workforce to raise children and as a result may have ... |
| | | | The financial services and insurance industry ranks among the worst offenders on gender pay gap in the country and it's hurting the economy. The Workplace Gender Equality Agency (WGEA) found that women who work in financial services and insurance ... |
| | | | ... impact," Antil said. Assuming a base average return of 5%, modelling of the 0.3 percentage point outperformance for a member from age 25 through to 67 sees $43,000 added to their super balance, or about 7% more. If the base average return is 6%, the ... |
| | | | ... insurance options." A case study highlighted monetary changes members could expect with default A death and TPD cover at the age of 36. Before March 5, the joint cover would have cost $465.78 per year. This has now dropped to $390.63, saving members ... |
| | | | The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ... |
| | | | ... $100,000 with a current superannuation balance of $35,000 would reach the $3 million threshold by the time they retire at age 65. A 45-year-old school principal earning $150,000 today with a current superannuation balance of $650,000 would reach the ... |
| | | | Australian Retirement Trust (ART) has made several high-profile appointments to its board and investment committee. Former Future Fund managing director Mark Burgess will join ART as a board director and member of the investment committee in mid-2023. ... |
| | | | ... small percentage of people with very high balances." "Our modelling shows that the average person, with the support of the age pension, only needs $258,000 in super to maintain their standard of living in retirement; those people won't be affected ... |
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