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Showing 3191 - 3200 of 6136 results for "Australians"

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
Australians' retirement savings reached a record high of $2.7 trillion at the end of June 2018, latest APRA data shows. MySuper continued to grow at a faster rate than other segments to make up 25% of the asset pool. MySuper assets grew 13.6% to $675.6 ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

Workers want extra super contributions: Research

HARRISON WORLEY  |  WEDNESDAY, 29 AUG 2018
Working Australians want their employer to contribute more towards their retirement savings, according to latest research from a $57 billion Queensland superannuation fund. Sunsuper released its 2018 Australian Employee Insights Report, which found ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
Some of Australia's prominent life insurers are preparing for time in the Royal Commission witness box, after case studies were announced for the sixth round of public hearings. TAL, CommInsure, ClearView and Freedom Insurance have been named to ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
... equity market to soar to the sky and take our local equity market with it - I have vested interest like all other Australians through my superannuation - but statements like the one made by LPL Financial gets me worried. This is because it reminds me ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Government introduces financial literacy strategy

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
The Federal Government launched an initiative to empower Australians with financial literacy and help them take control of their finances. ASIC, together with Revenue and Financial Services Minister Kelly O'Dwyer, unveiled the National Financial Capability ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... money," and questioned whether funds could "be trusted to do the right thing" and protect the retirement savings of Australians. Preceding the hearings, Australian Institute of Company Directors managing director and chief executive Angus Armour says ...

Advisers can't ignore CIPR debate: SSGA

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... a "huge product build up" no one would buy. The latest SSGA global retirement study shows less than 20% of working Australians are optimistic about their financial situation in retirement, with 45% saying they were not optimistic. Additionally, 38% surveyed ...

Parents key to financial literacy legacy: FPA

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
... matters with their children. The FPA's 'Share the Dream' report explores the impact of a new generation of Australians - born since 2000 - growing up in an increasingly cashless world. According to the FPA, this generation of young Aussies ...