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Showing 1751 - 1760 of 7415 results for "Retirement"

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... reform. "A person who is currently close to this limit may think re-consider the value of superannuation as their primary retirement savings vehicle. Assets could be sold down and given our current market volatility and property environment, and it's ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
According to new data, 80% of Australians agree that super is for providing financial security in retirement and support law changes that will deter early release. As the government's consultation on legislating super objectives closes, Industry ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... after-tax gain for Westpac. BT is busy consolidating its remaining superannuation offerings, including shutting down the Retirement Wrap RSE and transferring all funds to Asgard Independence Plan Division Two.

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... the pay gap affects much more than just the bank balances of Australian women. "It directly affects their income in retirement too because their compulsory super contributions are linked directly to salary," she said. "Because of the compounding nature ...

Australian Retirement Trust names investment strategy lead

ELIZABETH FRY  |  FRIDAY, 31 MAR 2023
Damian Lillicrap, ART's head of strategy for the QSuper portfolios, will depart the fund after 13 years. His departure follows the appointment of Andrew Fisher as head of the investment strategy for both the super savings and QSuper portfolios. ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... by the sole purpose test which simply requires that superannuation funds are maintained for the purpose of providing retirement benefits to its members, or to their dependents if a member dies before retirement," Panagis said. If access to superannuation ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... recovery of unpaid super. "Superannuation theft undermines the efforts of Australian workers to build a financially secure retirement," Burke said. Chalmers added that enshrining the right to superannuation payments is part of a broader plan to ensure ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 million in assets for ...

Super funds back new renewables platform

JAMIE WILLIAMSON  |  TUESDAY, 28 MAR 2023
... of unprecedented momentum within the energy sector. This momentum is being driven by a combination of the inevitable retirement of fossil fuel generation, coupled with ambitious net zero targets across the Australian economy, requiring significant investment ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... contributions, tax on earnings, and now a tax on drawdowns. We will be the only country in the world who taxes a person on their retirement savings every step of the way." Unrealised capital gains tax Meanwhile, Bradford's key arguments against including ...