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Showing 391 - 400 of 1401 results for "Household"

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... test on the means-tested Age Pension to increase the net replacement rate for average income earners, and raising the household saving and reducing the level of household debt, are other areas of improvement. The onset of the global pandemic has several ...

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
It won't be long now till we again hear "balcony concertos" - the ones started in Italy back in March this year (and gone viral on cyberspace) when the government imposed a hard lockdown to contain the coronavirus pandemic - for infections in Europe ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... sure, fiscal -- tax cuts; welfare spending programmes, etc. - and monetary support - lower interest rates have increased household incomes but recent data show that these have been mostly saved - the household savings ratio soared to 19.8% in the June ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... with members. The Assistant Minister for Superannuation, Financial Services and Financial Technology told the recent Household Capital Third Pillar Forum that stapling will provide members a higher standard of living in retirement by eliminating unintended ...

Keep spending and investing: Lowe

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... and invest. "One of the many unique features of this recession is that it has been associated with a big increase in household saving," Lowe said. "Normally in a recession, income falls and many people draw on their savings to get through the hard times. ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
... about employment, handouts and dole-outs and lower interest rates will only be saved as evidenced by the increase in the household savings ratio from 3.6% in the December 2019 quarter (before the pandemic and the lockdown) to 6.0% in the March 2020 quarter ...

Aware Super moves to acquire OptiComm

ELIZABETH MCARTHUR  |  MONDAY, 12 OCT 2020
Aware Super has provided a proposal to the board of OptiComm to acquire 100% of the telecom company, which delivers fibre to the premises networks. Under Aware Super's proposal, OptiComm shareholders would receive cash proceeds of $6.50 per share (inclusive ...

Retirees value home over super: Research

ANNABELLE DICKSON  |  FRIDAY, 9 OCT 2020
... despite the value of their properties being significantly more than their superannuation balances, new research shows. Household Capital's 2020 Retirement Outcomes survey reveals 73% of homeowners aged over 60 want to stay in their current home but the ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
Despite over $34 billion being removed from the super system, the Grattan Institute is sticking to its guns that the effects of the Early Release of Super scheme will not have too great of an impact on retirement outcomes. Speaking at the digital Morningstar ...