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Showing 321 - 330 of 2469 results for "Budget"

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
The Reserve Bank of Australia (RBA) hit pause on interest rate hikes this week, but RBA governor Phillip Lowe has told the National Press Club that doesn't mean they're off the table altogether. In an address, Lowe said the decision to hold ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... earners tax windfalls. The newly released report, Super savings: Practical policies for fairer superannuation and a stronger budget, found that the current system's "excessively generous" tax breaks are unfair and unstainable. The current state of ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
Superannuation is one of the great successes of modern pension systems but as more people live longer, it's financial advice that will need to pivot, the Conference of Major Superannuation Funds has heard. Professionals Congress London Business ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... birthday and they do so with about 40% less superannuation than the average man. In its submission to the last federal budget, AIST said women aged 45 to 54 retired on average at age 52.1; about 7.1 years earlier than planned and 7.4 years earlier than ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... meaningful action and allow employees to see where they're being short-changed, it added. As part of its first Federal Budget, the government also pledged $531.6 million over four years to expand the paid parental leave scheme, allowing families to access ...

The unique experience of a single woman

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
Facing dodgy dates, ticking biological clocks and an endless procession of nosey family members asking after their private life, single women have plenty on their plates - and all with a serve of financial disadvantage on the side. Global statistics ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... electricity (11.7%), household appliances (10.2%), other foods (9.2%), and meat and seafoods (8.2%) also dented retirees' budget. In 2022, richer couples aged about 65 spent $69,691 on household and day-to-day expenses, while couples living modestly ...

Super a big national advantage: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... sustainable. It's a modest change but it's a meaningful change, I think when you consider the structural position of the budget." However, leaders of the opposition aren't convinced, noting that if the $3 million superannuation cap isn't ...

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
... a commitment to effectively manage labour risk, as well as having a positive exposure to value, with a controlled risk budget against a global index. The mandate is for approximately $400 million. First Super manages more than $3.6 billion on behalf ...