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Showing 1531 - 1540 of 7197 results for "Retirement"

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... remain as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts the retirement savings of members. Stakeholder uncertainty and concerns can likely be effectively addressed through further guidance from ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... unstainable. The current state of tax breaks goes beyond the purpose of super, which is ultimately to provide income for retirement, Grattan said, adding that it is currently set up as a "a taxpayer-funded inheritance scheme". Grattan calculates that ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... reform. "A person who is currently close to this limit may think re-consider the value of superannuation as their primary retirement savings vehicle. Assets could be sold down and given our current market volatility and property environment, and it's ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
According to new data, 80% of Australians agree that super is for providing financial security in retirement and support law changes that will deter early release. As the government's consultation on legislating super objectives closes, Industry ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... after-tax gain for Westpac. BT is busy consolidating its remaining superannuation offerings, including shutting down the Retirement Wrap RSE and transferring all funds to Asgard Independence Plan Division Two.

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... the pay gap affects much more than just the bank balances of Australian women. "It directly affects their income in retirement too because their compulsory super contributions are linked directly to salary," she said. "Because of the compounding nature ...

Australian Retirement Trust names investment strategy lead

ELIZABETH FRY  |  FRIDAY, 31 MAR 2023
Damian Lillicrap, ART's head of strategy for the QSuper portfolios, will depart the fund after 13 years. His departure follows the appointment of Andrew Fisher as head of the investment strategy for both the super savings and QSuper portfolios. ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... by the sole purpose test which simply requires that superannuation funds are maintained for the purpose of providing retirement benefits to its members, or to their dependents if a member dies before retirement," Panagis said. If access to superannuation ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... recovery of unpaid super. "Superannuation theft undermines the efforts of Australian workers to build a financially secure retirement," Burke said. Chalmers added that enshrining the right to superannuation payments is part of a broader plan to ensure ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 million in assets for ...