Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 5992 results for "Age"

Retirees should put 80% of balance into annuities: Grattan

RIDDHIMA TALWANI  |  THURSDAY, 25 SEP 2025
Grattan Institute has recommended changes to help simplify the superannuation system, including pushing for retirees to place 80% of their super balance into an annuity, possibly offered by the government itself. In its submission to the Treasury consultation ...

SMC calls for simplified retirement system

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
... members draw down the minimum. SMC said in the 2023-24 year, 63% of sampled retirees from three large funds withdrew above the age-based minimum rates through regular pension drawdowns. It added that the trend is even more pronounced among those with ...

Younger generations drive SMSF sector growth: Class

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
... 37.3% of new establishments, reflecting growing engagement with wealth creation and the flexibility SMSFs offer. The average age of new SMSF joiners was 48 years compared to 61.6 years for existing members. The average starting balance for new funds ...

Vale Rupert Smoker

MATTHEW WAI  |  TUESDAY, 23 SEP 2025
Evolution Trustees chief executive Rupert Smoker has passed away at the age of 47. Smoker co-founded Evolution Trustees almost a decade ago and served as chief executive. He was well known in the financial services industry, particularly through his ...

National decline in retirement confidence: AMP

ANGELIQUE MINAS  |  MONDAY, 22 SEP 2025
AMP has launched Retirement Confidence Pulse, a new barometer to measure how financially confident Australians feel about life after work. The inaugural score is a concerning 50/100. Amidst a cost-of-living crisis and spikes in household expenses, the ...

Insignia Financial to upgrade digital infrastructure

ANGELIQUE MINAS  |  MONDAY, 22 SEP 2025
Insignia Financial is enhancing its digital infrastructure by using the AI capabilities offered by the Google Cloud platform. Implementation of this new technology will improve personalisation and efficiency of service delivery across all Insignia Financial ...

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
ASIC has released the interim report from its review into the nation's $200 billion private credit market, which it says could pose a systemic risk to many investors if a downturn were to occur. The review has so far found that while most investors ...

Age Pension to increase on September 20

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
The Age Pension is increasing tomorrow, while previously frozen deeming rates will rise by 0.5%. From tomorrow, September 20, the Age Pension will increase by $29.70 a fortnight for singles and $44.80 for couples combined. This will see singles receive ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
La Trobe Financial has been told by ASIC to stop offering its 12 Month Term Account and 2 Year Account products offered under the La Trobe Australian Credit Fund, as well as its US Private Credit Fund. The regulator said it is concerned that the target ...

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
ASIC chair Joe Longo has tendered his resignation, to finish up in 2026. In June, Longo told the Secretary to the Treasury he would not be seeking an extension of his term, which finishes up on 31 May 2026. A former lawyer, Longo replaced James Shipton ...