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

Search Results

Showing 1311 - 1320 of 6146 results for "Money"

Aussies won't top-up ERS losses

ELIZABETH MCARTHUR  |  MONDAY, 30 NOV 2020
... interest rates. Some people, about 22%, were planning to spend their tax savings - with a third of those acknowledging the money would be put towards essentials like bills and groceries. About 17% said they would top up their mortgage and 16% said they ...

Home ownership shouldn't be at expense of super

ELIZA BAVIN  |  FRIDAY, 27 NOV 2020
... retirement savings for housing deposits will only inflate the real estate market. "Housing affordability isn't about a lack of money its about a lack of supply. Taking money out of super and putting it into the system where there is insufficient supply ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... for a later sitting) Bill 2020: Best 5 Financial Interests Duty will force trustees to be more accountable to how member money is used to operate on a day-to-day basis and how it is invested. The regulation aims to curb "inappropriate expenditure" on ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... impact it can have on housing and neighbourhood satisfaction," the report said. Reverse mortgages allow homeowners to borrow money using the equity value of their home, usually up to 20% of the value. Home reversion, which is another type of home equity ...

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
... third and fourth fiscal measures are still giving relief. In terms of monetary policy, the Fed's flooded the system with money, money, money in terms of reduced interest rates and asset purchases... and ready and willing to do more if needed. "Be ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... weight of your MySuper account is allocated to more conservative assets like fixed income. There is less chance of losing money," he said. "But the strategic problem in the lifecycle sector is not the concept behind them, but the huge variation in their ...

SMSFs are cost-effective, deliver for members

KARREN VERGARA  |  MONDAY, 23 NOV 2020
New research suggests that self-managed super funds are giving retail and industry funds a run for their money in terms of fees and returns. Joint research by the SMSF Association and Rice Warner found SMSFs with $200,000 or more are cost competitive ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Institute and the governor of the Reserve Bank of Australia to consider carefully the tradeoff in increasing SG and having less money in people's pockets. Hume flagged that better retirement income products are on the way and that the financial advice ...

Aussies reunited with $1bn in lost super

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... investment returns as the ATO simply pays interest at the rate of inflation. ASFA deputy chief executive Glen McCrea said the money could vary from small sums to thousands of dollars but the average will be about $1600. "Last year the ATO transferred ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... would have seen negative wages growth otherwise. Continued, albeit slowing growth in wages means that consumers still have money to spend and with the recovery in consumer sentiment, spend they will. The latest Westpac-Melbourne Institute Consumer Sentiment ...