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Showing 21 - 30 of 4035 results for "Savings"

Adviser ban stretched to 2028 in ASIC deterrence win

RIDDHIMA TALWANI  |  WEDNESDAY, 13 MAY 2026
... known, that the model operated as a scheme designed to induce vulnerable individuals to invest their entire retirement savings in a way that primarily benefited UGC and its associated entities, while exposing those investors to significant risk. "Despite ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... retail investors following the collapses of First Guardian and Shield Master Funds, where over $1 billion of retirement savings were lost. The Super Members Council (SMC) welcomed the decision and highlighted the need for more consumer safety in super ...

Budget doubles down on housing supply with $2bn infrastructure push

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... availability and simplification of the National Construction Code. Treasury estimates such changes could generate regulatory savings of up to $3 billion annually if compliance costs are reduced by 10%. The announcement builds on a broader housing agenda ...

Government plans 'standardised' assessment for NDIS

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... advised the government that spending has blown out by $13 billion over the next four years. The changes are expected to net savings of about $15 billion a year by the end of the decade; the scheme is currently estimated to cost $70 billion by 2030. The ...

Chalmers chooses 'hard road of reform' in Budget

ELIZA BAVIN  |  TUESDAY, 12 MAY 2026
... better than what the Coalition left us," Chalmers said. "This is possible because of our responsible approach to finding savings and reprioritisations, spending restraint and banking all revenue upgrades." Debt is down a further $18 billion in 2026-27 ...

Rest faces scrutiny over alleged super reporting error

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... the ATO, even isolated discrepancies can carry significant consequences for members' tax positions and retirement savings. As the industry prepares for payday super reforms from July 2026, scrutiny around data governance, complaint handling and the ...

Super funds welcome UK's Supers Unit to push investments

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... partner for Australian funds and it will continue to work closely with the UK Government so Australian workers' retirement savings can help get quality projects off the ground. "It's a familiar market with a deep pipeline in the energy transition and ...

Product showcase: A guaranteed future

THE FINANCIAL STANDARD TEAM  |  MONDAY, 11 MAY 2026
... moving together in response to geopolitical and macro-economic shocks, which can wreak havoc on portfolios and retiree savings. Equity and bond market selloffs, such as that of March 2026, or the outbreak of the Russia / Ukraine conflict in 2022, are ...

OECD recommends NZ overhaul pension system

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
New Zealand needs to reform its pension sector, increasing the age at which retirement savings can be accessed and no longer taxing those savings, according to the Organisation for Economic Co-operation and Development (OECD). In its latest report on ...

Magellan confirms job losses

ELIZA BAVIN  |  THURSDAY, 7 MAY 2026
... product suite," Ler said. "We don't expect earnings improvement. The fee reduction compresses margins directly and cost savings offer only a partial offset. Magellan explicitly flagged continues short- to medium-term outflow risk stemming from the strategy ...