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Showing 511 - 520 of 4142 results for "Savings"

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... Lisa Hespe agreed the contraventions were serious and that there was a concern about the effect on members' retirement savings. "I will make it clear that I am very concerned that this conduct is serious. It is serious, not just for the consequences ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... New York. This is expected to more than double by 2026. Thirty percent, or $102 billion, of AustralianSuper members' savings are invested in North America. AustralianSuper deputy chief investment officer Damian Moloney said, "the region is of great ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... didn't have compulsory super. The research said "alarmingly" 15% of Australians reported they would have no retirement savings at all if they didn't have super. The research found Australians overwhelmingly (87%) see the benefit of the superannuation ...

Tribel Advisory adopts estate planning solution

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... intergenerational wealth transfer is around $4.9 trillion. This excludes $3.7 trillion of superannuation and money in savings accounts that aren't easily quantifiable. Yodal chief executive Brandon Thompson said traditionally, advisers have had little-to-no ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... to input their mortgage balance at retirement; but it assumed the balance would be paid off from their superannuation savings. Given the "disappointing findings", SCA considers that Australians would be better served by an independent or government retirement ...

Aged care costs begin to worry older Aussies

MATTHEW WAI  |  WEDNESDAY, 25 SEP 2024
... adviser who meets their needs remain as the main obstacles to receiving advice. "Australians need help to best use their savings to live life to the fullest, at every stage in retirement," head of retirement income at Challenger Aaron Minney said. "With ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... Australian government has recommended super funds use 'nudging' to help encourage members to engage more with their retirement savings, however new research from Yale University in the US has found the practice doesn't work as well as initially thought. ...

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 ...