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Showing 1031 - 1040 of 4054 results for "Savings"

Wayne Swan to chair Cbus

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... advocacy, agitation and sacrifice of building industry workers that Australia now has a $3.3 trillion pool of national savings." He added that as Australia recovers from the COVID-19 pandemic, he thinks superannuation is more important than ever. "Just ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... outperforms other types of super funds where millions of members currently languish," she said. "More than one third of super savings are currently excluded from scrutiny and disclosure and these members have no way of knowing whether their fund would ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... customers 30bps and a flat fee of $10 per year for administration. It is currently $60 per year. This will result in $50 of savings for members a year, and about $8 million in total forgone revenue for CFS, the firm estimates. The latest fee cut comes ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... expensive, on average, than a year ago," Fahy said. "It's so important that future retirees are able to build sufficient savings over their working lives to ensure they can face retirement with financial confidence. Moving Australia to the 12% Superannuation ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... $100 billion or more is up 300%." Previous Rainmaker research indicated that most fund mergers lead to significant fee savings, cutting fees by an average of almost 20%. Most of the mergers that have taken place among NFP funds.

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
... members achieve the best retirement outcomes," Cantor said. "As a profit-to-member fund, we are committed to passing on cost savings directly to our members where possible." He said the fund is also focused on providing greater support to members during ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... the Actuaries Institute which is recommending a superannuation guarantee rate of 10-12%, earlier access to retirement savings and disincentives for pension lump sums and bequests. Securing Adequate Retirement Incomes for an Ageing Australia is a policy ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... practice, just as Chile and Peru look to extend COVID pension withdrawal schemes. "Unrestricted withdrawal of pension savings intended to provide retirement income without repayment will undermine the retirement security those funds are intended to provide," ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... workers holding multiple accounts, accruing necessary fees and failing to optimise the compounding of their retirement savings. This number of accounts slowly declined over the years until 2019 - after the Royal Commission's final report - when the ...

Abrdn acquires robo-adviser

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
... Exo Investing will complement Abrdn's Personal vector capabilities, including open banking insights, simple risk-rated savings, financial advice and now digitally driven wealth management. "This is an exciting and significant step forward in building ...