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

Search Results

Showing 101 - 110 of 270 results for "Super Savings"

Big Super Day Out success, but more to be done

HARRISON WORLEY  |  THURSDAY, 19 SEP 2019
... superannuation as possible. The outreach program reunited more than 500 Indigenous Australians with over $9.5 million in super savings, and it did it all without dedicated funding support. First Nations Foundation chief executive Amanda Young said the ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... ($126,348), Queensland ($123,636), Western Australia ($119,980) and the Northern Territory ($95,170) tend to have lower super savings. Some regions proved to be outliers. Kooyong ($312,746), Higgins ($279,307) and Goldstein ($277,511) for example, had ...

Industry bodies react to APRA review

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... comparable performance data, notably for non-default 'choice' super products where more than $1 trillion of super savings is invested, has been the Achilles heel of our super system," Goodwin said. " She added it was in members' interests ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... However, it is counted towards the transfer balance cap of $1.6 million, which applies when the member moves their super savings into retirement phase. It is not exempt from the Age Pension means test. Minister for Housing and Assistant Treasurer Michael ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... the urgent need for a government-sanctioned online tool to help Australians make more informed choices about their super savings, Scheerlinck said.

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... workers earning more than $8000 were not saving for their retirement. This represents a $4 billion hole in annual super savings and a potential $145 billion deficit across their working life. Mercer Australia industry fund and public sector leader Jo-Anne ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... than men. "If this measure proceeds there would be some justification to focus benefits to those with inadequate super savings," ISA deputy chief executive Matthew Linden said. "Sadly, the Budget again misses an opportunity to take action on the millions ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
... AIST chief executive Eva Scheerlinck said the different rules amounted to the managers of more than $1 trillion in super savings not being held to account. Currently, eight million Australian's invest their super in choice products, and Scheerlinck called ...

New super fund to secure female financial security

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... aiming to tackle an inequality in the financial system that sees women retire, on average, with 47% less than men in super savings. In doing so, it has partnered with Future Super as investment manager and promoter while Diversa serves as trustee. AIA ...

Corporate and industry super funds unite

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
... an $8.6 billion industry superannuation fund. Members of the Fairbrother Employee Retirement Fund have had their super savings rolled over to Tasplan under a new agreement reached between the two funds. The now $18 million Fairbrother Employee Retirement ...