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Showing 191 - 200 of 4035 results for "Savings"

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... reimbursing 3000 of its members who were impacted by the collapse of Shield. Macquarie oversaw about $321 million of the super savings invested in Shield. Minister for financial services Daniel Mulino said Macquarie's action will enable affected customers ...

Retirees should put 80% of balance into annuities: Grattan

RIDDHIMA TALWANI  |  THURSDAY, 25 SEP 2025
... retirees are steered to account-based pensions which require them to manage spending to avoid the risk of outliving their savings. "Half of those using an account-based pension draw their super at the legislated minimum rates, leaving two-thirds unspent ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... with ASIC over its role in the Shield Master Fund collapse but has committed to reimbursing investors' retirement savings by September 30. ASIC commenced proceedings in the Federal Court against Macquarie Investment Management Limited (MIML) after ...

SMC calls for simplified retirement system

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
... keep their super in an accumulation account for extra flexibility in being able to contribute or maintaining separate savings. Finally, SMC called for ways to keep members informed and involved, so they can trust and understand their retirement options ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... million in losses related to GIM since the start of 2024. One investor lost $750,000, while another lost $200,000 in life savings. "Bank records from GIM investors show they paid large sums, sometimes hundreds of thousands of dollars each, to company ...

Younger generations drive SMSF sector growth: Class

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
... members to establish SMSFs earlier in their retirement journey. "Younger Australians are taking control of their retirement savings like never before...this trend is in stark contrast to the dramatic drop in new fund establishments by Baby Boomers," ...

Australian Retirement Trust chief executive steps down

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
... will strive for excellence on behalf of the 2.4 million Australians who are counting on ART to secure their retirement savings." Anderson said he had made a personal decision to leave the fund, saying he wishes ART and its members all the best. "It's ...

Diversa winds up struggling super fund

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
... APRA statistics from June end, the fund is home to just 420 member accounts and a collective $86 million in retirement savings. The decision was made by the trustee, CCSL, which is a related company of Diversa. In its most recent Member Outcomes Assessment ...

Stockspot reduces fees to increase accessibility

MATTHEW WAI  |  FRIDAY, 19 SEP 2025
... million Australians access affordable investment advice. We want more people to feel secure about their superannuation and savings. We want more families to build wealth beyond property. We want more kids and teenagers to grow up with good financial ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... distributions, and "the final distribution may take many years." In all, it's estimated $1.2 billion in retirement savings has disappeared. While many who were defrauded have lodged formal complaints with the Australian Financial Complaints Authority ...