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Showing 381 - 390 of 1634 results for "Retirement savings"

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... support, in an equitable and sustainable way. Jones also emphasised the government's push to transform retirement savings into retirement income. "We've got to move from a system that's about saving money to ensuring that we provide the retirement ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... 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 and concerns can likely be effectively addressed through further guidance from the regulator," ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... person who is currently close to this limit may think re-consider the value of superannuation as their primary retirement savings vehicle. Assets could be sold down and given our current market volatility and property environment, and it's not a good ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... for superannuation was introduced in February, it aims to deliver sustainable retirement income by preserving retirement savings for a dignified retirement, with government support, in an equitable and sustainable manner. Several industry groups and ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... earnings, and now a tax on drawdowns. We will be the only country in the world who taxes a person on their retirement savings every step of the way." Unrealised capital gains tax Meanwhile, Bradford's key arguments against including unrealised capital ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... Institute of Superannuation Trustees (AIST), menopause is costing Australian women $17 billion in lost earnings and retirement savings. In Australia, close to 27% of women retire before their 55 th birthday and they do so with about 40% less superannuation ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... Australia (ISA) has warned against repeating the early release of super scheme that gave unrestricted access to retirement savings. The early release of super scheme allowed individuals to withdraw up to $20,000 of their retirement savings in response ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... Association of Superannuation Funds of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated by the proposed $3 million cap on superannuation. ASFA senior policy advisor Helena ...

ART appoints new board, investment committee members

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... said: "As we seek to invest more than $240 billion on behalf of 2.2 million members who trust us with their retirement savings, these new appointments bring a wealth of experience in investment markets, and in critical areas of focus and opportunity." ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... MySuper products declined in line with the overall asset pool, dropping 3.1%to $917.3 billion. Australians' retirement savings shrank 3% at the end of last year to $3.4 trillion in total, APRA said, pointing to market volatility largely driven by global ...