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Showing 121 - 130 of 1376 results for "Retirement Income"

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
... comments, presenting costings that estimated their plan would deprive the average 30-year-old worker of $165,000 in retirement income. ACTU assistant secretary Joseph Mitchel said workers can't afford to lose $165,000 or more in retirement income, adding ...

Top asset management trends for 2025

ANDREW MCKEAN  |  WEDNESDAY, 15 JAN 2025
... inorganically) larger, more local-looking product sets and business models." Meanwhile, while the widespread adoption of retirement income solutions "has been illusionary," new developments are "bringing this closer to reality." "Innovation has exploded ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... changing, there remains a need to make it simpler for Australians, according to a Mercer report. The Australian retirement income system is highly regarded globally but has never been classified as "A-grade," due to the absence of any requirements for ...

Grant Hackett named chief executive of Generation Development Group

ANDREW MCKEAN  |  FRIDAY, 20 DEC 2024
... sales in FY24 and elevate its brand as the market leader in tax aware investing, intergenerational wealth, and retirement income solutions. He's also working towards executing the business's strategic initiatives, which as said in its annual ...

Bennelong refreshes board

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... guru Jeremy Cooper was appointed non-executive director, moving from Challenger, where he worked as chairman of retirement income for over a decade.

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... years' experience in financial services, working in investment management, actuarial product development, super retirement income and integration. Before UniSuper, he spent eight years at IOOF as head of platform products and was at Norwich Union ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
... high benefits" drawn in retirement and on death benefits; beyond levels deemed necessary to provide a "suitable retirement income." The paper outlined several potential approaches to executing this reform, including, for example, exempting retirement ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
MLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... Superannuation Guarantee and was first recommended by the Financial Systems Inquiry in 2014 and reinforced in the Retirement Income Review of 2020. Super Members Council chief executive Misha Schubert welcomed the bill's passage, adding that it's appropriate ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... ASIC and APRA to prepare a new pulse check report by the end of 2025 to assess trustees' progress under the Retirement Income Covenant. "These reforms will work in tandem with the government's Delivering Better Financial Outcomes package, and ...