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Showing 151 - 160 of 194 results for "Super guarantee"

Abbott: Coalition will not vote for SG but won't rescind it

RACHEL DAVIS  |  FRIDAY, 18 NOV 2011
... Abbott. The Coalition had previously stated that they were opposed to the proposed increase of the compulsory super guarantee from nine to 12% by 2020. "We are not instinctive supporters of mandatory super contributions," said Abbott. "Once these things ...

CareSuper cuts income protection premiums

MATT WOODINGTON  |  THURSDAY, 20 OCT 2011
... benefit can be no more than 85% of a gross monthly salary. Of that sum, 75% is payable as a benefit and 10% as a super guarantee contribution. Each unit of cover provides a benefit of $425, of which $375 minus income tax can be received as a benefit ...

SG increase the key to global pension top spot

ELISE BURGESS  |  WEDNESDAY, 12 OCT 2011
... Netherlands take the top spot as they have a higher replacement rate." For Australia, this will only improve once the Super Guarantee level (SG) is raised to 12%, said Knox, as it will improve adequacy and increase the assets held in the system. "If ...

Super growth static, public sector grows on Health Super merger

MATT WOODINGTON  |  FRIDAY, 9 SEP 2011
... industry, which is $1.34 trillion, will be disappointing for the government at a time when it is pushing for higher super guarantee contributions. However, these are only quarterly results and the industry, including self managed super funds and life ...

20pc not too high for super contributions

RACHEL DAVIS  |  FRIDAY, 26 AUG 2011
... adequately funded. "20% is the realistic goal for contributions," said Harden. "Whether its mandated or not by the super guarantee. People should be encouraged to save their incomes. "As they move towards retirement as much as 20% of income into their ...

Industry super funds show patchy approach to emergency reserves

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... been actively discouraged from having reserves by the regulator. "A lot of them had guaranteed cash flow with the Super Guarantee and the award system and there was an incredible amount of outsourcing so they outsourced to large providers," she said. ...

Trade union boss pushes for SG raise

ELISE BURGESS  |  MONDAY, 25 JUL 2011
The Australian Council of Trade Unions president, Ged Kearney, has voiced her support for a higher super guarantee and urged women in the super industry to maintain the fight for equal rights and to demand more action from government figures. Speaking ...

Labor moves to justify super existence

MATT WOODINGTON  |  THURSDAY, 23 JUN 2011
... Lifetime Income Security' Shorten highlighted the successful economic period between July 1992 and June 2003 when the super guarantee was lifted to 9 per cent. "Mr Speaker I would not be exaggerating if I said that the introduction of the Superannuation ...

Dropping home ownership rates leave retirement funding hole

ALISON BEVEGE  |  TUESDAY, 31 MAY 2011
... many of them women, putting them at the highest risk of retiring without their own home. Hill said increasing the super guarantee from 9 per cent to 12 per cent was a must and called on key groups to shift their views on home ownership and superannuation. ...

Advisers not ready for super changes

ALISON BEVEGE  |  FRIDAY, 13 MAY 2011
... happens but in the lead-up as well," he said. In the future there would be possible compulsory annuitisation as the super guarantee rises and Treasury guards the notional foregone tax revenue in super - $27.6 billion in the 2011 financial year, he said. ...