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Showing 461 - 470 of 8073 results for "Average"

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... several inequalities remain. According to the report, the latest data displayed super account balances from 2022 show the average balance for men aged 15 and over is $182,667, with a median balance of $66,159. For women, the average balance was $146,146 ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... year. The bank lowered rates on the back of inflation data that met its outlook. It anticipates headline inflation to average 2.5% in 2024, 2.2% in 2025, and 1.9% in 2026. "Inflation is expected to rise again in the latter part of this year, partly because ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... results where the total amount of lump sum death cover is greater than $500,000. However, in 2023 APRA statistics show the average sum of insured individual policies of lump sum death cover - excluding group cover - was about $714,000. The government ...

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... Zealanders," in line with its intergenerational mandate, with its highly diversified equity exposure. NZ Super's 10-year average annual return of 10.3% puts it ahead of other state-owned investors around the world, according to Global SWF. Global SWF ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... significant growth differential and rankings move between the industry funds from 2022 to 2023 (up three positions on average) and the government-related funds (down eight positions on average). This change is partly due to the maturity cycles of these ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... overall have decreased since 1998, Vanguard found the difference in management fees between active and index funds on average is still substantial. The ongoing reductions in the asset-weighted expense ratios of Australian-domiciled index funds averaged ...

Future Fund annual return 'very strong'

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... the portfolio, bringing the sovereign wealth fund's total value to $224.9 billion. This performance lifts its 10-year average annual return to 8.3%, exceeding a mandate target of 6.9%. Future Fund chief executive Raphael Arndt said the strong result ...

SPAC acquires Australian Food & Agriculture

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
... capacity of about 247,000 for sheep wool, meat, and cattle operations. Over 10 years, AFA has returned 16% annually on average. Bell Group Holdings (BGH), which is the parent company of Bell Financial Group (BFG), Bell Securities, and Bell Asset Management ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... showed that nearly three million people were denied $5.1 billion in superannuation entitlements in just one year, with the average worker losing $1800 - a loss that could result in over $30,000 less in retirement savings. The SMC said that this issue ...

NGS Super to cut insurance premiums

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
... from October 1. The super fund noted, however, that a "small group of members" will experience an increase in costs. On average, its members will see a 13.9% reduction in insurance premiums. The weekly cost of income protection cover will decrease by ...