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Showing 11 - 20 of 133 results for "average Australian"

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... ASFA Retirement Standard suggests that retirees need over $500,000 in their super balance, far exceeding the average Australian super balance for early 60s retirees - $356,000 for men and $288,000 for women. Adding to this bleak outlook, Findex's study ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
New data from the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national ...

DASH lands venture capital investment

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... the view that DASH will significantly contribute to increasing the accessibility of financial advice for the average Australian. Co:Act principal Ash Lambert said: "DASH's technology strategy holds the promise of revolutionising the delivery of financial ...

Dataset to ease policy planning for ageing population

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... of retirement dataset. In producing the dataset, KPMG has determined the expected age of retirement for the average Australian as well as how their level of education changes things. In doing so, KPMG found Australian workers' expected age of retirement ...

Super Fierce super index shows top 15 funds

ANDREW MCKEAN  |  WEDNESDAY, 13 JUL 2022
... highest-performing superannuation fund through basic comparisons is a daunting and complicated task for the average Australian consumer." "We created the Fierce Performers Index to provide all Australians with an affordable way to find and select a super ...

Lifespan partners with OpenInvest to launch advice solution

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... Association of Australia statistics that claimed the average fees for advice represented approximately 3% of an average Australian's income. Additionally, the KPMG report made clear that there was a definitive price gap between the cost of advice versus ...

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... accounts - but in practice it means people won't have the right cover for their circumstances," Puli said. "The average Australian changes jobs 12 times throughout their lifetime. In that time, they may get married, have kids, buy a home, and take on ...

Super Fierce targets gender wealth gap

JAMIE WILLIAMSON  |  TUESDAY, 8 MAR 2022
... with the express aim of ensuring women retire with more, saying analysis of Grattan Institute data found the average Australian woman stands to save $102,000 in fees by switching to a lower cost super fund. The platform collates their super information ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... as the cheapest not-for-profit funds. Four of the 10 cheapest MySuper products are retail," Dunnin said. The average Australian now pays about $2200 in super fees per annum, which is a slight increase in dollar terms. However, the average account balance ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... years old. It also wants indigenous Australians, who have four to five years of lower life expectancy than the average Australian, to be able to access "at least a portion" of their super balance before they turn 60. On retirement incomes, it wants financial ...