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Showing 431 - 440 of 1434 results for "The Age"

Beware the retirement trap

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
New analysis from BetaShares superannuation and the age pension can have undesirable outcomes for some retirees, forcing them to ensure they have at least $600,000 squirrelled away ahead of retirement. BetaShares senior investment specialist Roger Cohen's ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

Opt-out super to hit workers: ISA

HARRISON WORLEY  |  TUESDAY, 21 JAN 2020
New Industry Super Australia research claims to show plans to make superannuation optional for low-income workers is nothing more than a tax grab. According to ISA's latest analysis, low-income workers in New South Wales who chose to take their superannuation ...

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... increasing the SG to 12% is tenuous unless the government adopts a stance that the primary aim of the increase was to replace the age pension where possible. "We are wary over the use of the SG to facilitate self-insurance against risks, noting that ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... insurance for low-balance super members and Putting Members' Interests First making life insurance opt-in for members under the age of 25 were also acknowledged as contributing to turbulent times for the industry in 2019. "The impact of these changes ...

Better retirement income products needed

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... retirement income Jeremy Cooper said. "What this and other National Seniors research clearly highlights is that people treat the age pension and their own savings differently." Cooper said it's clear people fear running out of their own money, even though ...

Bank of Mum and Dad forking out serious dosh

ALLY SELBY  |  TUESDAY, 14 JAN 2020
... said. "If you combined it as a gifting strategy five years prior to eligibility age, you could perhaps still qualify for the age pension." Theobald said the new trend had been spawn from decades of low interest rates and people gearing their investments ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
A $13 billion industry superannuation fund has increased its insurance fees ahead of merging later this year. MTAA Super wrote to members in a significant event notice to let them know that from 3 February 2020 insurance fees for death and total and ...

Who is really using the LISTO?

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... low-income super tax offset compared to men. The number of women eligible for the tax break increases significantly around the age that they start having children. Only 15% of all the customers analysed received the offset at all. Between the ages of ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...