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Showing 471 - 480 of 1680 results for "Workers"

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... the dignified retirements they deserve." ASFA noted the increase to 12% will lead to double the proportion of Australian workers reaching its comfortable retirement standard of $545,000. Only 25% of Australians currently achieve a self-funded retirement. ...

Teachers Mutual launches neobank

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
Australia's largest mutual bank has launched a digital bank to meet the needs of essential workers and appointed a chief digital bank officer. Hiver has been created for essential workers in education, emergency services and healthcare sectors and combines ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... performance test. "At least 2.6 million super fund accounts are locked in funds that could fail performance tests - many more workers are in funds that will not be tested," ISA said in a statement. Meanwhile, the Financial Services Council (FSC) disagreed ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... Fair Work Commission considered the July increase in the SG and concluded that Australian employers can afford to pay workers the SG rise in full and increase their take-home pay," Fahy said. The superannuation guarantee is legislated to increase up ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... far enough. "A Treasury review of unspecified outcome or timing will do nothing to mitigate the immediate impacts for workers in hazardous sectors. Within months workers in hazardous occupations are at risk of being stapled to a fund containing exclusions ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... poor performing super products through its stapling measures. According to ISA, the new legislation could cost Australian workers $230,000 in retirement savings by stapling them to a product with poorer performance. "Senators that vote to shackle workers ...

MLC Life appoints claims chief

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... KPMG's insurance, superannuation and workplace health division. Between 2005 and this year, Beevors worked in the areas of workers compensation and claims. He helped modernise QBE's workers compensation claims model and more recently oversaw general ...

Fostering the ageing workforce

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
... Ageing Research found those aged over 55 years old make up 19% of the workforce in 2021, up from 9% in 1991. By 2050, workers aged 55 and over are expected to make up about 40% of the adult population in Australia. "Older Australians are a critical part ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... Virginia, there were less Americans unable to work in May than there were in April. This is in addition to disincentivised workers. We may call them slacks but they're presenting a perfectly rational response to the current situation. As the Wall ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... less insurance coverage or the wrong insurance policy if the stapling reforms are passed into law. Under the reforms, workers will have one default fund that follows them from job to job. "Some total and permanent disability (TPD) and life insurance ...