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

Search Results

Showing 111 - 120 of 469 results for %22M%26S Pension Scheme%22

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... system. "ASFA considers that given substantial changes to the taxation of superannuation and the provision of the Age Pension in recent years there should now be a period of consolidation to allow the various changes to be bedded down," it said. "Stability ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... caused by the ERS scheme that commenced on 20 April 2020. Lump sum payments totalled $26.8 billion in the quarter while pension payments totalled $10.7 billion. Quarterly net contribution flows to the industry were negative (down $2.3 million) for the ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... impact users of Macquarie Wrap, which has a cash account through which all transactions including super contributions, pension payments, fees and charges are processed. The cash account already had an investment fee of 0.44% per annum, which will continue ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... products for which BT was trustee and Asgard served as custodian and administrator. These include the Asgard Infinity eWRAP Pension Account, the Asgard Infinity eWRAP Super Account, the Asgard Superannuation Account and the Asgard Employee Superannuation ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... found that millions who accessed the COVID-19 ERS scheme, and don't top up their savings, will be more reliant on the pension and still have less income in retirement. In response, ISA said they agree with those findings and claim the prospect creates ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... "Retirement incomes will fall for workers who withdraw their super, but not by as much as might be thought," Grattan said. "The pension means test means that the government, via higher pension payments, makes up much of what's lost." The modelling shows ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
... achieving net-zero status by 2050 or earlier. It expects carbon emissions in its portfolio will have halved by 2030. The pension fund is immediately shifting close to $10 billion in equities - roughly 45% of its portfolio - to climate aware strategies ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
... critical to helping rebuild savings wiped out and to avoid tax hikes on working people to prop up more people drawing a full pension."

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... will comment on the adequacy of the current rate of superannuation contributions, home ownership via superannuation, age pension eligibility criteria, allocation to longevity products, spending patterns and the vehicles for superannuation. "We expect ...

Domestic violence super reforms stall

ALLY SELBY  |  THURSDAY, 23 JUL 2020
... can't claim their share of super, for many women this means losing their only income in retirement beyond the age pension." At the time, Blakey said HESTA was working with WLSV to develop a streamlined and consistent process that all superannuation ...