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Showing 1301 - 1310 of 10926 results for "Government"

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... Australia's financial system. I look forward to working with them." Treasurer Jim Chalmers said: "On behalf of the Albanese Government, I thank outgoing commissioners Danielle Press, Sean Hughes and Karen Chester for their contributions to ASIC and to ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... the economy. According to the report, mandatory superannuation will lead to a decrease in expenditure on Australian government age and service pensions from approximately 2.3% of GDP in the fiscal year 2022-2023 to about 2.0% of GDP by the fiscal year ...

Women less confident to retire: Vanguard

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
... there are several personal actions that women can take; however, the onus is also on other parties such as spouses, the government, and the superannuation industry to get involved and provide better support for women. "This analysis has highlighted in ...

No question we need more BTR: Mowat

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
... this opportunity, with all the big institutions from around the globe focusing on the BTR sector. We're also seeing government incentives coming through to stimulate the market," he noted. Already, UBS has over US$30 billion in BTR under management around ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... superannuation not only offers a superior long-term financial outcome for retirees but also proves more cost-effective for the government. The Age Pension remains the government's largest retirement-related expense; however, its burden lessens with the ...

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
Norway's $1.4 trillion Government Pension Fund Global returned 10% in the first half, equivalent to $343 billion. Norges Bank Investment Management reported a $13.7% return on equity investments for the first half of 2023, while fixed income yielded ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
Fiducian is betting on the independent financial adviser (IFA) market and its South Australian presence to bolster its inflows as it sets an ambitious plan to exceed its performance reported in the 2023 financial year. The ASX-listed group's latest ...

Super tough sell for First Nations people: Podcast

CASSANDRA BALDINI  |  FRIDAY, 11 AUG 2023
... amplify those voices through their channels." Usher said super funds can drive initiatives that put pressure on the government and incentivise the industry. "For example, the preservation age, life expectancy, is why Aboriginal people are disengaged. ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
Given Australia's economic status, the government has been urged to liquidate the $250 billion Future Fund and pay down its $896 billion debt. According to a paper published by the Centre For Independent Studies, penned by Dimitri Burshtein, the ...