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

Search Results

Showing 1131 - 1140 of 7190 results for "Retirement"

Advanced ETP portfolios come at higher cost, complexity

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
... systemic risk factors or construct portfolios that focus on specific needs of investors, such as the need for income in retirement. In contrast, a basic ETP portfolio costs around 10 basis points per year - about three times less than the intermediate ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

New Forests appoints first global head of funds

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... sustainable future," Rogers said. The appointments follow Sarah Campbell joining New Forests in October 2023 after the retirement of Margaret Cole. Campbell was most recently general counsel and company secretary of company secretary for Adamantem Ca ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... the cost of their aged care based on their means, noting the superannuation system supports Australians in saving for retirement. "The government's proposed objective for superannuation is: 'to preserve savings to deliver income for a dignified ...

MetLife chair Geoff Brunsdon retires after 13 years

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... while the former chief executive of an industry super fund is also joining the board. MetLife Australia announced the retirement of MetLife Insurance Limited chair Geoff Brunsdon, after serving on the board for 13 years. During his tenure, Brunsdon chaired ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... to help younger Australians achieve home ownership by allowing first homebuyers to access up to $50,000 from their retirement savings. However, new modelling from SMC found allowing first homebuyers to withdraw their super for a home deposit could see ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... is on improving member outcomes through an enduring test that supports and incentivises trustees to achieve the best retirement outcomes for their members. The first option, maintaining the status quo, suggests refining the current test's methodology ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... next four years with the aim to help close the gender superannuation gap and improve women's economic security in retirement. This comes after the Albanese government announced last week it would pay super on paid parental leave for government workers ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... are willing to pay up to $800 for investment property advice, the highest-rated need. Interestingly, those seeking retirement income stream advice are prepared to pay more ($800) compared to $570 for other advice needs. "These findings further highlight ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
Women continue to lack confidence in how much they can save for retirement and ability to invest compared to men, new surveys reveal. Only 30% of women are happy with the amount in their super fund, a survey of 1000 super members led by the Australian ...