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Showing 1611 - 1620 of 18113 results for "superannuation"

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
As AustralianSuper, Australian Retirement Trust (ART), and Aware Super continue to dominate the superannuation sector in terms of total assets, the smaller players are becoming serious contenders. New APRA statistics show that AustralianSuper had more ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% of their balance, from their superannuation fund account to purchase their first home. The analysis focused on 38-year-olds and assumed that 20% of renters would purchase ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... well. He said that while good retirement outcomes are not all about advice, it does have a big role to play and the Superannuation choice products: What focus is there on performance? (Report 779) which was released in February, shows there was more ...

GBST, Wipro join forces on holistic administration service

ANDREW MCKEAN  |  WEDNESDAY, 19 JUN 2024
... GBST has partnered with Indian technology conglomerate Wipro to deliver end-to-end administration services for superannuation funds and wealth management firms looking to move away from antiquated IT infrastructure. The collaboration combines GBST's ...

HESTA awards global private equity mandate

ANDREW MCKEAN  |  WEDNESDAY, 19 JUN 2024
HESTA has issued a $250 million global private equity co-investment mandate to Stafford Capital, dubbed QP4. Stafford's Australian private equity lead Daniel Bowden said that this strategy seeks to tap into smaller deal sizes, providing access to a ...

Industry Super Australia names new chair

ELIZABETH FRY  |  WEDNESDAY, 19 JUN 2024
... Mecchi has held leadership positions in several industries and is a well-known expert in marketing strategy in superannuation. "Umberto was also one of the initial committee members for the development of the very first Compare the Pair campaign and ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... outlive their savings or because it is eroded by external factors like inflation or market volatility. "Since the Superannuation Guarantee was introduced in 1992, Australians have gained a decade of life expectancy. That's an extra 10 years to fund ...

Cbus recruits chief risk officer from Crown

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... hired a new chief risk officer from Crown Resorts to replace Wade Martin. Martha Georgiou joins the $90 billion superannuation fund after finishing up as group executive general manager of compliance and regulatory affairs at Crown. Prior to Crown, she ...

Average super balances fall

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Taxation statistics for the 2021-22 financial year revealed the average superannuation balance fell from $170,000 in 2020-21 to $164,000. The Australian Taxation Office (ATO) released its annual taxation statistics report, showing the total tax revenue ...

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... especially if full-time paid work is no longer an option," he said. "This is why it's so important that a robust superannuation balance is part of a 'whole of wealth' retirement plan, so Australians can have confidence and security in retirement." Unsurprisingly ...