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Showing 551 - 560 of 4044 results for "Savings"

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... cost saving for PAC of approximately A$6m compared to 1H24 on an annualised basis, with the potential for further cost savings as the PAC operating model continues to simplify," PAC said. PAC shareholders will need to approve the externalisation and ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... service. Beyond additional choice, this creates competitive tension in the market and likely results in longer term fee savings for funds and their members," Dunn said. "We believe the Australian superannuation market is at risk of not achieving this ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... investment options," Vincent said. "As part of this, we're aligning the risk profiles of our MySuper offerings for Super Savings and QSuper account holders. This means Super Savings account holders will have more of their money invested in growth assets ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... Australians in saving for retirement. "The government's proposed objective for superannuation is: 'to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way'. Income ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... younger Australians achieve home ownership by allowing first homebuyers to access up to $50,000 from their retirement savings. However, new modelling from SMC found allowing first homebuyers to withdraw their super for a home deposit could see property ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... investments with a target return of 7%. The new product is designed for investors who want to maximise the value of the savings made on their lifestyle cutbacks. It aims to provide investors with an "alternative investment option" to build savings for ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... employees, women represent most public sector workers taking unpaid parental leave, which can reduce their superannuation savings. Women at retirement age typically have superannuation account balances 25% lower than men. WA premier Roger Cook said he ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... wealth as two-thirds (69%) admit to experiencing financial stress compared to 49% of men. Women have 53% less in total cash savings than men and on average have saved up $22,680 - substantially lower than men's $48,087. On a monthly basis, women ...

New campaign pushes for reproductive leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 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 ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... Funds of Australia (ASFA) chief executive Mary Delahunty said: "For too long, women have retired with significantly fewer savings on average than men as a result of taking time off work or working reduced hours to have and raise children." "It's ...