Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1021 - 1030 of 3876 results for "Pension"

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... necessarily a straightforward matter. The research by Deniz Yavuz, Sunil Wahal and Amit Goyal looked at international pension funds with a total of $1.6 trillion in assets to be delegated to managers between 2002 and 2017. They found two factors played ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... said in line with Grattan's previous retirement modelling, many Australians will supplement their super with the age pension, so the impact for those who accessed ERS is not as bad as it may appear. "ERS played an important role. Obviously the risk ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... those who access the scheme will be tens of thousands worse off in retirement and will become more reliant on the aged pension. Additionally, ISA said its own research shows the scheme has added tens of billions more to the aged pension, heaping pressure ...

Australian Ethical cuts fees

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... great value ethical investments, we've reduced the investment fee for our Defensive investment option in super and pension, effective 1 October 2020," the fund said. "We've also reduced the buy sell spread for our International Shares option ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
... publication Money magazine's 'Best of the best' award for the lowest cost superannuation platform. The total fees on a $50,000 pension balance have been cut from $515 to $490. "At Vision Super, we're always focused on getting the best possible retirement ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

Global pension fund doubles down on APAC

JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
A major Canadian pension fund is increasing its presence in Asia Pacific, establishing a new office focused on opportunities in Australia and New Zealand. Ontario Teachers' Pension Plan Board (OTPP) opened a new office in Singapore today, marking the ...