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Showing 581 - 590 of 6047 results for "Age"

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... biggest cohort of SMSF members, increasing 1.2% in FY24 and 4.35% across the past five years. Class said this is a result of the age group creating their funds at a young age and maintaining them into their retirement. Further, ATO data shows around ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
After announcing earlier this year that it was open to a merger, TelstraSuper will now explore a 'merger of equals' with Equip Super. In May of this year, and after 30 years in operation, TelstraSuper announced it was on the hunt for a merger ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... menopause is costing Australian women about $17 billion lost earnings and retirement savings. "A woman retiring at the average age for a man would accrue an additional 7.4 years of income and superannuation which, based on average earnings of $70,626.40 ...

China to raise retirement age from 2025

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
For the first time since the 1970s, China will begin "gradually raising" the national retirement age from next year as it looks to stretch a dwindling pension budget further to sustain its ageing population. The country has approved proposals to raise ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
New research from the Association of Superannuation Funds of Australia (ASFA) shows that while super balances are largely growing, there's still plenty to be done to ensure positive retirement outcomes for all. ASFA's An update on superannuation account ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... the super fund said insurance fees will reduce by at least 3.2% for unitised cover and 2.5% for fixed cover, regardless of age and type of insurance cover held. In the general occupation category, a member who is aged 21 will pay a total of 43 cents ...

The transferrable skills for advisers who changed careers

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... lives, it's very hard to advise our clients to do the same thing," he said. Carmichael joined the police force at the age of 19, serving in Melbourne and regional Victoria. His interest in investing and wanting to help other people with their financial ...