Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 451 - 460 of 4075 results for "Savings"

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... unemployment affect different people in different ways. "Those fortunate enough to own their homes outright or have large savings in the bank will benefit from higher interest rates. But high inflation disproportionately hurts those on lower and fixed ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs than other product types, APRA said in its newly released package ...

Super for housing debate heats up

ANDREW MCKEAN  |  MONDAY, 23 SEP 2024
... lead to higher prices. Eslake said given this evidence, allowing prospective homebuyers to access their superannuation savings would drive up residential property prices faster than they otherwise would, particularly if, as it seems likely too, housing ...

More financially secure women seek advice: Survey

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... retirement, while half said travelling is a priority in their later years. They also intend to live off their retirement savings (39%), not worry about money (36%) and be debt free 33%. "Over the last 12 months, we've invested in a significant amount ...

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... Superannuation Trustees (AIST) estimates menopause is costing Australian women about $17 billion in lost earnings and retirement savings. In November 2023, the Senate referred an inquiry into issues related to menopause and perimenopause to the Senate ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... for house deposits would push up home prices, undermining Australians' home ownership prospects, slash retirement savings, and come at a significant cost to the Budget, according to a Corinna Economic Advisory report by Saul Eslake. In the report ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... dollars - leaving a gap of $145,000. "Paying super on Paid Parental Leave is going to provide a boost to the retirement savings for those receiving the Commonwealth Parental Leave Pay and it will be particularly significant for low paid and vulnerable ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... pay cycle, as opposed to quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... collaboration with ASFA's membership base, the initiative represents a united effort to protect Australia's retirement savings from increasingly sophisticated cybercrime and fraud-related risks, ASFA said. "Superannuation is the cornerstone of financial ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... lost super accounts, 192,000 of which belong to uncontactable members. In total they hold $11.8 billion in retirement savings. Of these, 55% of the accounts belong to men and 39% belong to women. By value, 59% of the total lost assets belong to men ...