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Showing 1601 - 1610 of 8015 results for "Average"

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... savings at all and retire with 50% less super than those who are not self-employed. That same ASFA research found that the average super balance of a self-employed 30 year old was just $25,000. A 40-year-old self-employed person has an average balance ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Dow Jones Industrial Average has posted second day of gains, rising 2.4% after witnessing its best one-day percentage gain since the Great Depression on Tuesday. "Turnaround Tuesday" saw the bourse surging 11.4% or 2112.98 points during trading ...

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... have had a 10-year run of positive returns, six of which were around 10% or more. This delivered members 8.5% p.a. on average in this period," Dunnin said.

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... COVID-19 is hitting their retirement savings. AustralianSuper has cut the value of its unlisted assets to the tune of 7.5% on average, leading to a 2.2% reduction to the fund's $126 billion balanced option on Monday. AustralianSuper chief executive Ian ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... cash. It will have a long run costs however." The modelling doesn't assume gaps in work, or gender pay gap. "Women, on average, earn less so they will be probably more likely to need this cash and be less likely to catch up the contributions later," ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... superannuation system's total assets. To add context, in the five years to 2019, 361,000 account holders took out an average of $8000, totaling $2.9 billion in total early release of super due to hardship, according to Rainmaker analysis of APRA ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
SMSFs are expected to outperform in the current climate, due to higher than average exposures to cash and other low volatility assets, according to Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares ...

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... Perpetual MySuper members are male while 46% are female; close to half of which (42%) are millennials. The fund has an average balance of $30,000 but about 70% of accounts hold less than $25,000. Perpetual declined to comment further on the SFT. CareSuper ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... have often suggested that the Australian credit market is higher quality than overseas, basing this on metrics such as average credit quality, shorter tenor of issuance, and sectoral composition of issuers, some of this may be illusory. Indeed, there ...

Coronavirus puts rocket under shorting ETFs

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... past month or so, we have seen a very, very significant increase in their usage. Trading volumes are 30 times higher than average trading volumes," Vynokur told Financial Standard yesterday. "The liquidity has been fantastic. We are seeing trading of ...