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| | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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. |
| | | | ... 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 ... |
| | | | ... 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," ... |
| | | | ... 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 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 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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