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Showing 131 - 140 of 572 results for "Lifetime"

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... potentially get the benefit of earlier access to their first home, but the price they pay in terms of missing out on a lifetime of compound interest is just too high," Mulino said. "The system should evolve to cater to diverse needs. Almost no other ...

Increased SG equals increased fees: Research

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
... at the University of Sydney, found that increasing the SG will charge the typical worker and extra $28,000 over their lifetime. The research said at the current 9.5% compulsory contribution rate, Australia's superannuation system is already an unbelievably ...

Super fund axes AMP Capital mandate

JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
... Leaders Balanced Fund off of the investment menus for its own super members. AMP super members in CustomSuper, Flexible Lifetime, AMP Flexible Super, SignatureSuper, SignatureSuper Select, SuperLeader and the Woolworths Group Superannuation Plan were ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
Challenger has launched a new lifetime annuity with payments linked to the cash rate. The RBA Cash Linked option is the first lifetime annuity in Australia to be linked to the cash rate, according to the firm. Challenger also offers lifetime annuities ...

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." Reserve Bank of Australia (RBA) governor Philip Lowe didn't exactly quote this proverb when he testified before the House of Representatives Standing ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... about a few bad apples here but a systemic misconduct in the industry." Anyone who holds or previously held AMP Flexible Lifetime policies provided through AMPFP, Hillross or Charter Financial Planning advisers is being called on to join the class action ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... said. No matter how we cut it, the US National Accounts was bad - the worst we've seen or we'll ever see in our lifetime. Yet, Wall Street wasn't so perturbed - the Dow went down by just 0.9%; S&P 500 gave up 0.4%; the Russell 2000 by 0.4% ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... likely to be popular, there is potentially a case for compulsory partial allocation of some members' superannuation to lifetime income stream products in retirement." Asher's comments come as the government is due to hand down the findings from the Retirement ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... Leaders Balanced fund off its investment menus for superannuation members. AMP super members in CustomSuper, Flexible Lifetime, AMP Flexible Super, SignatureSuper, SignatureSuper Select, SuperLeader and the Woolworths Group Superannuation Plan will not ...