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Showing 1111 - 1120 of 7410 results for "Retirement"

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... years. Class said this is a result of the age group creating their funds at a young age and maintaining them into their retirement. Further, ATO data shows around 65% of all SMSFs have existed for more than a decade.

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... crime. In collaboration with ASFA's membership base, the initiative represents a united effort to protect Australia's retirement savings from increasingly sophisticated cybercrime and fraud-related risks, ASFA said. "Superannuation is the cornerstone ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... merger and the opportunity to create a larger fund continuing the focus on providing industry leading superannuation, retirement and financial planning solutions for members." TelstraSuper said a merger with Equip would "leverage their combined strengths ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... time of its launch, Alastair MacLeod told Industry Moves that the aim of Wheelhouse was to deliver "a purpose-built retirement strategy that was outcomes focused." "I believe the business has a greater purpose than simply making money - helping mum and ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... 333,000 lost super accounts, 192,000 of which belong to uncontactable members. In total they hold $11.8 billion in retirement savings. Of these, 55% of the accounts belong to men and 39% belong to women. By value, 59% of the total lost assets belong ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... accumulation members, headline admin fees will be halved from 0.30% to 0.15% per annum. Meantime, administration fees on Plum Retirement Income and MLC MasterKey Pension Fundamentals will drop from a maximum of 0.30% to 0.10%. The annual fee cap applied ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... Superannuation Trustees (AIST) estimated menopause is costing Australian women about $17 billion lost earnings and retirement savings. "A woman retiring at the average age for a man would accrue an additional 7.4 years of income and superannuation which ...

China to raise retirement age from 2025

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
For the first time since the 1970s, China will begin "gradually raising" the national retirement age from next year as it looks to stretch a dwindling pension budget further to sustain its ageing population. The country has approved proposals to raise ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... Australia (ASFA) shows that while super balances are largely growing, there's still plenty to be done to ensure positive retirement outcomes for all. ASFA's An update on superannuation account balances reveals that strong investment performance has boosted ...