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Showing 141 - 150 of 2581 results for "Statistics"

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... July to 3.2%, several indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally adjusted basis year on year. On a month-by-month basis ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
Hejaz Group has introduced the first ever Islamic pension product, alongside a new super offering, advancing its commitment to offer comprehensive wealth services tailored for the Muslim community in Australia. Hejaz Islamic Super and Pension provides ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... taxed at a maximum of 15c per dollar, or not taxed at all for pension members. According to the Australian Bureau of Statistics, the average Australian working full-time earns $1807 a week. Aware Super said if they invested $10,000 in a 12-month term ...

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
... benefits of consolidation within the superannuation industry." Of note, according to APRA fund-level superannuation statistics, encircle Super held 7612 member accounts and assets under management of $2.7 billion as of 30 June 2022. Meanwhile, Centric ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... Index (CPI) has softened to 6%, however a further rate hike in August is not off the table. The Australian Bureaus of Statistics (ABS) said headline inflation was lower than the 7% annual rise in March, marking the second consecutive quarter of lower ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... (RBA) will pause interest rate hikes next week. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), came as a pleasant surprise following consistently high inflation figures since last April. Excluding volatile items ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... actually sold, therefore triggering a double taxation arrangement, thereby warranting further consultation," he said. New statistics from the Australian Taxation Office found that on average SMSFs earned $27,266 in income in the 2020-21 financial year. ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of 6.4%, and shows inflation is still sitting above the Reserve Bank of Australia's ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 billion, the latest APRA statistics show. The total superannuation asset pool hit $3.5 trillion, increasing steadily at 1.1% year on year. Contribution flows ...