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Showing 161 - 170 of 953 results for "ASFA"

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
New retirement targets released by Super Consumers Australia suggest the ASFA Retirement Standard needs a rethink, saying a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... MySuper products for 12 months has been introduced. Favouring the review, the Association of Superannuation Funds of Australia (ASFA) welcomed the government's announcement. ASFA chief executive Martin Fahy said: "The review is timely and appropriate. ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... Association of Superannuation Funds of Australia, some 300,000 people will benefit from the change, 63% of which are females. ASFA chief executive Martin Fahy said the employees who are affected by this measure, and who earn less than $450 a month from ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... review of the ASIC industry funding model was also prescribed. Of note, as previously reported on by Financial Standard, ASFA also called for greater detailing of financial institutions supervisory levies. The body said: "It's incumbent upon regulators ...

Super industry levies insufficiently detailed: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 15 JUN 2022
In a submission to Treasury about the proposed financial institution's supervisory levies for 2022-2023, ASFA has called for a more detailed dissection of APRA's regulatory activities. The industry body said: "It's incumbent upon regulators to provide ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... Collaborating to examine the benefits of insurance offered via superannuation, the Association of Superannuation Funds of Australia (ASFA) and Deloitte have made recommendations as to how it could be enhanced. A joint report titled ' The Future of Insurance ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
ASFA's latest insights show the annual increase in the cost of living for some retirees is the largest seen in 12 years. According to ASFA's Retirement Standard figures for the March quarter, Australians aged around 65 living a comfortable retirement ...

Industry groups welcome Labor government

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... Association of Superannuation Funds of Australia. On the morning Albanese was sworn in as the 31 st prime minister of Australia, ASFA congratulated the incoming government and also Jim Chalmers' appointment as treasurer. In a release an ASFA spokesperson ...

Super Guarantee increases now ironclad

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... be strengthened and protected, not undermined." Of a similar view, the Association of Superannuation Funds of Australia (ASFA) said that lifting the SG to 12% is critical. The association said that the SG is a cornerstone of the Australian retirement ...

Industry pans early release superannuation policy

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... Despite the government's enthusiasm for the housing affordability scheme, the Association of Superannuation Funds of Australia (ASFA) said such a policy would be ineffective in improving housing affordability and would significantly impact the ability ...