Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 561 - 570 of 4050 results for "Savings"

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 ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
Close to half of Australian workers have three months or less savings to get them through a disability impacting their ability to work, and women are particularly at risk, according to new research by MLC Life Insurance. The research, conducted by Freshwater ...

More than 40% of women unprepared for retirement: CFS

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... about 33% of women say they have little to no understanding when it comes to superannuation, investments, and retirement savings products. "We know that financial literacy, engagement with your super fund and seeking advice have a major impact on improving ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... before government assistance kicked in with JobKeeper, many Australians were encouraged to sacrifice their retirement savings to support themselves," Schubert said. "Tragically, that will now leave many people significantly poorer in retirement." Schubert ...

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... funds have more than $1 million in their super account. Almost half of the total have less than $100,000 in retirement savings. "This suggests very few retirees could afford an annuity as the centerpiece of their retirement income strategy," Rainmaker ...