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

Search Results

Showing 1281 - 1290 of 6133 results for "Australians"

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... greater transparency and an expansion of performance testing, particularly for products currently being sold to older Australians. "Australian retirees have the most to lose and the least capacity to recover from being sold a poor product," O'Halloran ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
Traditional Owners of three First Nations and superannuation fund members have filed human rights complaints against Australia's top 20 super funds over their investments in Santos Limited's proposed Barossa and Narrabri gas projects. Yesterday ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... embrace the secure and compelling returns offered by term deposits. This trend is particularly strong among older Australians who are four times more likely to keep their savings in term deposits than younger Australians aged 18-29," Riley said. Meanwhile ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... development of appropriate policies and strategies around the operation of the superannuation regime which will enable Australians to have a comfortable retirement. "...This removes the growing burden of a government pension for an increasingly ageing ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... employer contributions and a 23% increase in member contributions. Rainmaker Information highlights that in 2021-22, Australians paid an average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... of viewpoints, and labour market expertise in particular, on the RBA board, so it can work in the interests of all Australians," it said. "The board needs members such as Ross who understand real-world wage-setting systems and the relationship between ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... especially those who are most in need in Australia. According to APRA statistics, in 2021, approximately 8.6 million Australians had death cover, while around 7.7 million had total permanent disability (TPD) cover, and about 3.9 million had temporary ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... sales increased 48% supported by attractive rate, rising demand for guaranteed lifetime income and a growing number of Australians entering retirement." But as Challenger has prioritised growth in longer duration retail business, Hamilton acknowledged ...