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Showing 111 - 120 of 1348 results for "Retiree"

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN | FRIDAY, 6 DEC 2024

... modest retirement balances," he said. "So, we've got to have something which meets the needs of the average mum and dad retiree, as well as having a solution for people who've got higher incomes, and that's what these reforms will do. It ...

Objective of super enshrined in law

JAMIE WILLIAMSON | FRIDAY, 29 NOV 2024

After a decade in the making, an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation ...

More guidance crucial for aged care transitions: AMP

MATTHEW WAI | MONDAY, 25 NOV 2024

... financial advice. From July 2025, the government wants to see the cost of aged care linked to the individual wealth of a retiree, with a new means-testing formula introduced for new entrants to aged care. The aim is to make the sector more financially ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN | WEDNESDAY, 20 NOV 2024

Treasurer Jim Chalmers announced new reforms the government will be rolling out for Australia's superannuation system. Speaking at the annual Association of Superannuation Funds of Australia (ASFA) conference, Chalmers gave an address laying out ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI | FRIDAY, 15 NOV 2024

... among Australians is the lowest it's been in a decade. According to the 2024 Retirement Income Report, only 29% of pre-retiree Australians are well-prepared for their retirement in 2024 - the lowest number in a decade. In 2023, 41% of pre-retirees reported ...

NAB profits, earnings slide

MATTHEW WAI | THURSDAY, 7 NOV 2024

National Australia Bank (NAB) reported lower net profit and cash earnings in FY24, down 6.1% and 8.1% respectively, but recorded its highest dividend payouts of the past five years. Shareholders received a final dividend of $0.85, which takes the full ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON | MONDAY, 4 NOV 2024

Australian Retirement Trust (ART) suffered an outage that saw many members' fortnightly pension payments delayed by several days. The nation's second-largest superannuation fund has been experiencing "intermittent technology outages" that have ...

Australia's retirement system slides down rankings

MATTHEW WAI | WEDNESDAY, 16 OCT 2024

Australia no longer has the top ranking retirement system in Asia Pacific and has also slid down the ranks globally, with experts saying it's the result of a lack of focus. According to the 16 th annual Mercer CFA Institute Global Pension Index ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON | THURSDAY, 10 OCT 2024

The retirement bonus received by Brighter Super members just got bigger, with the fund increasing the incentive it pays to retirees who transition to a pension account. The Retirement Reward paid by Brighter Super has risen from 0.5% in FY23 to 0.8% ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN | MONDAY, 30 SEP 2024

While most superannuation funds opine that retirement calculators are key to helping members, research from Super Consumers Australia (SCA) has found they often fail to produce reasonable results. The consumer advocate reviewed the country's largest ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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