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Showing 31 - 40 of 840 results for "ASFA"

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... increased by an average of 1.8% per quarter, marking a higher historical average of 0.6% per quarter since the early 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... of extreme financial hardship or to pay for life saving medical treatment." As previously reported by Financial Standard, ASFA said the government's COVID-19 early release of super scheme saw the closure or near emptying of almost one million member ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... contributions they need for a more financially secure future." Meanwhile, the Association of Superannuation Funds of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... sustainable way." The proposed objective garnered mostly positive reactions from industry bodies and industry funds. At the ASFA conference last week, Taylor expressed that Coalition also supports the idea of establishing an objective for super, but ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... services regulators detailed their top priorities, including cybersecurity threats and fraud in the super industry. At the ASFA conference, financial services regulators detailed their top priorities, including cybersecurity threats and fraud in the ...

The unprecedented economic forces shaping the world

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
At the ASFA conference, Macquarie Capital managing director and head of global and Asia-Pacific equity strategy Viktor Shvets said he believes unprecedented economic forces will change the investment climate in the coming decades. Shvets forecasts that ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
At the Australian Superannuation Funds of Australia (ASFA) conference, shadow treasurer Angus Taylor said the stability and certainty of Australia's superannuation system is at risk. The purpose of super is to take pressure off the budget, not supplement ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... Australia's sustainable pension expenditure stands out from other advanced economies' retirement income systems, an ASFA report says. ASFA's Cost of pensions across advanced economies report said Australia's government pension expenditure ...

The super investments driving future economic growth

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... Superannuation infrastructure investments will support sustainable economic growth and better living standards for Australians, an ASFA report finds. The ASFA Superannuation and the economy: Energy infrastructure research paper said superannuation will ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... society, is necessary to future-proof super - to protect its capacity to deliver strong member returns in the 2020s and beyond." ASFA endorsed the government's proposed objective of super as an inflection point in the evolution of Australia's ...