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

Search Results

Showing 1511 - 1520 of 7197 results for "Retirement"

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... a retrospective tax on existing assets, potentially impacting financial planning strategies for those nearing or in retirement. Insurance through super Apart from the proposed superannuation changes, the ASFA report highlighted that insurance delivered ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... third quarter performance reflects our efforts to remix annuity sales, with a focus on growing longer duration retail retirement annuity business." "Sales across our retirement income products in Life have remained strong. Retail annuity sales increased ...

Women growing super faster than men: Research

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... super balance for women has grown faster at 38% to $154,000 versus men's 26% to $216,000. Back then, women's retirement savings averaged $111,000 and men had $172,000. Currently, 70.9% of women have a super account while 74.8% of men have one. ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... Revolution Asset Management to have been appointed by a super fund that has a long and proud history of managing the retirement savings for generations of Australians. Private debt has been an important component of institutional and wealth portfolios ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
Princeton University Investment Company (PRINCO) president Andrew Golden has announced his retirement after close to three decades in the top job, during which the university's endowment has grown tenfold. Since joining in 1995, Golden has contributed ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards for major financial institutions. At an Industry Super Australia (ISA) pre-budget event ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... objective of superannuation should be changed to ensure the aim is to "help Australians have a genuinely successful retirement", a key component of which is home ownership, the Real Estate Institute of Australia (REIA) says. In its submission on the ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... for consumers. SCA's survey also showed that only 42% of participants are confident about having enough super for retirement, while 43% believe the Age Pension will suffice if their super savings deplete. Delving further into consumer choice and ...