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Showing 1101 - 1110 of 5658 results for "EARN"

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The superannuation system encourages Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
While not making explicit recommendations, the Retirement Income Review has warned against increasing inequities already in the system, citing that a rise in the super guarantee would benefit men more than women. The review has stated that consideration ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
In a catch 22, the final report says keeping SG at 9.5% will shrink Australian's final retirement balances by 12-18%, but increase working-life income by 2%. Australians will retire with 12% to 18% thinner final balances if the government sticks ...

Super fund increases premiums

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
A $117 billion superannuation fund is changing the cost of insurance across the board at the turn of the New Year. Most QSuper members will see income protection cover go up 31%, while death and total and permanent disability (TPD) cover will increase ...

Stockpicker pay cheques revealed

KANIKA SOOD  |  TUESDAY, 17 NOV 2020
Heads of equities took home an average of $704,167 this year but a third said their bonuses were zilch for 2020, according to Peter Lee Associates' pay benchmarking of the sector. Peter Lee interviewed 80 investment professionals in September and October ...

ASIC sounds the alarm on buy-now-pay-later

KANIKA SOOD  |  MONDAY, 16 NOV 2020
... has shown explosive growth since 2016. Many of its users are young ASIC found 60% are 18 to 34 years old. Two in five users earn less than $40,000 a year and of these, 40% are students or work part-time. ASIC says it had influenced spending habits of ...

Asset managers want action on modern-day slavery

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
Asset management heavyweights are urging the nation's top 100 companies to take modern-day slavery and labour exploitation seriously by lifting the hood on their supply chains. The Investors Against Slavery and Trafficking (IAST) APAC, a newly-formed ...

Millions of workers facing financial stress: AMP

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
Severe and moderate levels of financial stress are impacting around 1.8 million Australian workers, according to AMP's latest Financial Wellness study. AMP said of those 1.8 million, nearly half have been feeling financially stressed for an average ...