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| | | ... Australians (yet to retire) expressed they would like to have an income of on average $99,000 per annum (assuming today's dollar value). Meanwhile, those who have already retired said they desire on average $68,000 (in today's dollar value) as yearly ... |
| | | | ... to lead the bank's asset allocation strategy. There, he built a team to oversee £35 billion of sterling, euro and dollar multi-asset portfolios for Coutts UK and other banks. In 2012, Astorri joined Oxford Economics and held the title of head of ... |
| | | | ... superannuation contributions have consistently outperformed benefit payments, surpassing them by an average of 30%. In dollar terms, this translates to contributions exceeding benefits by an average of $34 billion. While the SG contribution rate is steadily ... |
| | | | Treasurer Jim Chalmers says the best possible response to global economic uncertainty is responsible economic management and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' ... |
| | | | ASIC cancelled the financial services licence of Binance following concerns about the cryptocurrency exchange's operations in Australia. Effective April 6, the AFSL of Oztures Trading, which trades as Binance Australia Derivatives, was cancelled. From ... |
| | | | ... best possible outcomes." Super funds' Best Financial Interest Duty obligations will remain as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts the retirement savings of members. Stakeholder uncertainty ... |
| | | | ... of its metering business, Vector Metering, to a newly launched QIC-managed infrastructure fund. QIC did not disclose the dollar value of its stake. Vector Metering has more than 2.3 million meters operating across the electricity and gas markets in Australia ... |
| | | | ... first announced in May 2022. At the time, it was estimated BT Super members would see a 25% fee reduction, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing members were ... |
| | | | ... compulsory super contributions are linked directly to salary," she said. "Because of the compounding nature of returns every dollar invested early in your working life can be worth four dollars at retirement. That means women retire with less than men ... |
| | | | The potential super shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw ... |
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