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Showing 4261 - 4270 of 18115 results for "superannuation"

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
The report modelled average annual retirement income from three types of longevity products for retirement income. Here's what came out on top. It found allocating 100% of retirement assets to a group self-annuity starting at 67 would yield the best ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... now defunct work-for-the-dole program. "Similar work activities outside of the program would ordinarily attract superannuation," the Retirement Income Review acknowledged. And, while First Nations Foundation notes that Aboriginal and Torres Strait Islander ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... government is looking for excuses to break its promises. "Can I say with regard to the government's ongoing attacks on superannuation, this is a government that has never supported universal superannuation," Albanese said. "The fact is, we have a legislated ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The superannuation system encourages Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... earnings and workforce participation, the report states. But not everyone agrees. The Australian Institute for Superannuation Trustees said halting the increase to SG will see women, and low-income earners generally, suffer. "Low and many middle-income ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised superannuation fund members participating in ASIC's research into member experience when making changes to insurance arrangements reported ...

Kogan execs chase big bonuses

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
Online retailer Kogan, which has recently expanded into superannuation, has faced shareholder revolt over the bonuses it wants to pay its executives. Kogan was one of the few businesses to relatively benefit from COVID-19, thanks to an uptick in online ...

FEAL executive of the year named

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... "His passion for digital innovation in particular has helped UniSuper's members become more engaged with their superannuation and goals for retirement." Also commenting, FEAL chief executive Joanna Davison said O'Sullivan's dedication to providing the ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... needs." The need for more affordable financial advice can be seen throughout the report. For example, considering how superannuation assets could be used more efficiently accessing equity in homes could boost retirement incomes without the need for additional ...