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Showing 1201 - 1210 of 4509 results for "Saving"

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
An Australian Institute of Superannuation Trustees policy expert has laid out just how much work super funds have ahead of them in dealing with the last two federal budgets. AIST head of advocacy Mel Birks updated the Conference of Major Superannuation ...

Aussies regret ERS withdrawals: AIST poll

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
Nearly seven in 10 Australians who dipped into their superannuation during COVID-19 are concerned the decision has made them less financially secure, according to a poll from the Australian Institute of Superannuation Trustees. AIST also says one in ...

BlackRock secures licence to operate in China

KARREN VERGARA  |  MONDAY, 17 MAY 2021
BlackRock has advanced its expansion into China, obtaining a licence from the local regulator to operate in wealth management via a joint venture. China Banking and Insurance Regulatory Commission (CBIRC) has granted BlackRock CCB Wealth Management ...

AMP loses default KiwiSaver mandate

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
The New Zealand government's review of default KiwiSaver providers has resulted in AMP not being reappointed. New Zealand's default retirement savings scheme KiwiSaver works by having a network of default providers which manage client money in balanced ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
The corporate regulator identified several ongoing investment scams including duping consumers into establishing self-managed super funds, and advertisements for crypto-asset and contracts for difference disguised as fake news articles. ASIC has discovered ...

AustralianSuper, Club Plus to merge

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
AustralianSuper and Club Plus Super are working towards a merger, which would see the creation of a $207 billion fund. Club Plus Super identified AustralianSuper as the right strategic, cultural and operational fit for its members and reached out to ...

Deborah Ralston joins Household Capital

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
Household Capital has appointed the retirement expert to chair its advisory board. Effective this month, Deborah Ralston will lead the retirement funding provider's advisory board, replacing Jack Diamond. Sitting alongside her on the board is Peter ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
A new digital fact-finding solution, which is saving financial advisers nearly six hours per client, has snapped up partnerships with Centrepoint Alliance and other mid-tier licensees. Advice Revolution, founded by former advisers Adrian Patty and Shaun ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...