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Showing 171 - 180 of 1201 results for "retirement income"

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... the best financial interests of beneficiaries, APRA said, with a new standard expected in 2023. In terms of retirement income, APRA said it intends to support the implementation of the Retirement Income Covenant, with changes to the prudential framework ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
A former Commonwealth Superannuation Scheme and APRA executive has developed a 'smart default' fund which he claims could boost retirement balances by more than 35%. Douglas Bucknell, founder and chief executive of Tailored Superannuation Solutions ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public website in mid-2014 and its information later used in 2018 to provide estimated ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... co-contributions to insurance accounts would contribute towards the insurance premium rather than the individual's retirement income and not to their retirement savings, the explanatory memorandum states. Another change proposed is directing where ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... financial advice sector right is also a priority for Labor. Jones sees advice as the missing puzzle piece among the Retirement Income Covenant and the accumulation phase. But currently, the advice sector "is in turmoil," Jones said. "The old business ...

Super funds lambasted over nuclear holdings

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
... their members about their investments. "Superannuation is one of the great Australian projects, guaranteeing retirement income for millions of workers. Most Australians would have no idea that their retirement money is being used to finance nuclear weapons. ...

Pre-retirees worry about political risks: Survey

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... their nest eggs has risen two-fold from 19% last year to 41% in 2021, according to Investment Trends' 2021 Retirement income report. "For the first time in five years, one in two retirees expect their retirement savings will outlast their years in ...

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
... for good to make our members' world better, seeking out investments to guard and grow their savings and retirement income," Reilly said.

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...