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Showing 1691 - 1700 of 7409 results for "Retirement"

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return affected members to the financial position they'd be in if this incident hadn't occurred. ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
EISS Super's 17,000 members have combined with Cbus, which now manages more than $80 billion in retirement savings. The completion of the merger comes about 18 months on from the funds signing a Memorandum of Understanding in December 2021. This followed ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
... Australasia director Annika Bradley has examined the "unlisted assets" allocation of industry fund behemoths Australian Retirement Trust, AustralianSuper, Aware Super, Cbus, and UniSuper. Bradley investigated the Portfolio Holdings Disclosures of super ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... Australian taxpayers will breach the cap in their lifetime. It found some 500,000 individuals currently saving for retirement or already retired could be impacted if the cap remains unindexed. "It's not applied to a huge number of people at the moment," ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... line with their salary or wages from 1 July 2026 - a reform that is predicted to increase balances by thousands come retirement. Single parents and carers: 57,000 single principal carers receiving the Parenting Payment (Single) are set to benefit from ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... employees to track their entitlements. "Aligning the payment of superannuation with wages and salaries will increase retirement incomes through greater compounding returns. This will simplify the tracking of superannuation payments for employees and ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
Australian Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1 ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... (Douglas decision). The Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes ...

Rest to sell Endeavour stake

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... this quality. It's an asset in the portfolio that has been a materially positive contributor to growing our members' retirement savings through the cycle." Lill said the sale will also allow Rest to recycle funds into new private market opportunities ...

Next generation stands by family adviser: Survey

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... terms of personal, family and community-oriented goals. Nearly nine of 10 prioritise having enough to support their retirement lifestyle and achieving financial stability and independence. However, nearly six of 10 want to pass wealth to future generations ...