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Showing 551 - 560 of 4082 results for "Savings"

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... many women face when they have children," she said. "It's a watershed reform that will powerfully strengthen retirement savings for Australian mums and help to narrow the gender gap at retirement." Wages boost for feminised industries Schubert said the ...

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... management." In addition to reducing debt and delivering a surplus, Chalmers said his government found $27.9 billion in savings and reprioritisations in the Budget and $77.4 billion since the election. "We're limiting real spending growth to an average ...

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... menopause and are forced to retire around five years prematurely are potentially forfeiting about $60,000 in retirement savings. About 160,000 women enter menopause each year in Australia. "As a direct result of menopause, around 20,000 Australian women ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of Melbourne is permanently banned from performing ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... monitoring fees and deductions from their members' super." "It is a super fund's job to protect people's retirement savings from rip-off fees and services, but ASIC found that three of the funds they looked at were failing to even do basic ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey. An overwhelming number of participants in the 2024 ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... the policy would not lift home ownership rates but would only make housing affordability worse while eroding retirement savings and leaving all Australians a tax bill. "It's economically reckless. It sets a policy trap for young Australians because it ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
Stockspot is preparing to launch a superannuation offering that would see members' retirement savings invested exclusively in ETFs. The trading platform is planning to launch Stockspot Super later this year, first bringing an accumulation product to ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... and reinforced again that the outage is not related to a data breach, assuring members their information and retirement savings are safe. He also told members that Google Cloud is not the only cloud service provider used by the fund, saying this has ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... switch funds. An overwhelming number of members are goaded into leaving their incumbent super fund and investing their savings in high-risk property schemes, it found. These are either via platform super products offered by APRA-regulated funds or a ...