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Showing 1 - 10 of 5363 results for "Age"

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... as those first home buyers start to retire with far less super and are forced to rely more heavily on the taxpayer-funded age pension. To meet the rising costs, future governments may have to increase taxes or cut services to offset the extra fiscal ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ...

FSC launches digital advice group

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... "Our role is to support the industry in the delivery of advice in a more digitised, efficient and scalable way - solving the age-old problems around complexity and cost." Haramis said: "As a founding member of the Digital Advice Expert Group, moneyGPS ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
The Australian Taxation Office (ATO) has announced it will be taking a close look at three key areas where taxpayers make common mistakes this tax season. Incorrectly claiming work-related expenses, inflation claims for rental properties and failing ...

Men, women in same occupation drive pay gap

KARREN VERGARA  |  FRIDAY, 3 MAY 2024
... economic analysis shows. After analysing tax data, economic research organisation E61 Institute compared men and women of similar age, their employment and marital status, whether they had children, and academic qualifications working in the same occupation. ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... forced to pay more for a house, with a bigger mortgage, have less super at retirement, and pay more in taxes to fund a bloated age pension," Shubert said. "We urge a sensible rethink on any policy ideas that would undermine super." The SMC said that ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
AustralianSuper will introduce a new age-based insurance cover scale for members aged 15 to 25 from June 1 this year. New age-based cover amounts will automatically start on June 1 for members younger than 25 years old because they have made certain ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
Australian Retirement Trust (ART) will be reducing the maximum account balance for the percentage administration fee from $800,000 to $500,000. Currently, the percentage fee applies to the first $800,000 of member account balances in each Super Savings ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... managing director Daniel Shrimski said. The Lifecycle option automatically adjusts its investment mix according to the member's age. On a balance of $50,000, a member will now pay $280 (0.56%) compared to the industry average fee of $479 per annum. It ...
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