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| | According to the Association of Superannuation Funds of Australia (ASFA), the amount needed for a comfortable retirement has risen again in the September quarter. The ASFA Retirement Standard September quarter 2022 figures show that couples aged around ... |
| | | ... Mason held senior roles at Mercer for 24 years and was a director of the Association of Superannuation Funds of Australia (ASFA). After 30 years of involvement in both the ASFA board and its executive committee, he was made a life member in 2018. State ... |
| | | ... enough super to stop work, and just 18% believe they'll amass enough money to retire "comfortably." For reference, the ASFA Retirement Standard defines the super balance required to achieve a comfortable retirement at age 67 as $640,000 for couples ... |
| | | ... represent the retail fund sector, filling a casual vacancy created by the departure of BT's Melinda Howes earlier this year. ASFA said Maloney is an experienced executive, board director, consultant, and transformation leader. She has more than 20 years' ... |
| | | ... levels." The ABS said the median super balance for males is $208,200 compared to just $168,000 for females. For reference, the ASFA Retirement Standard contends that the super balance required to achieve a comfortable retirement at age 67 is $640,000 ... |
| | | ... their accounts. Of those that withdrew all their super, the vast majority were women, single parents and the unemployed, ASFA said. The association's analysis shows that a 30-year-old who withdrew $20,000 in 2020 will now retire with about $43,000 ... |
| | | New retirement targets released by Super Consumers Australia suggest the ASFA Retirement Standard needs a rethink, saying a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer ... |
| | | ... MySuper products for 12 months has been introduced. Favouring the review, the Association of Superannuation Funds of Australia (ASFA) welcomed the government's announcement. ASFA chief executive Martin Fahy said: "The review is timely and appropriate. ... |
| | | ... Association of Superannuation Funds of Australia, some 300,000 people will benefit from the change, 63% of which are females. ASFA chief executive Martin Fahy said the employees who are affected by this measure, and who earn less than $450 a month from ... |
| | | ... review of the ASIC industry funding model was also prescribed. Of note, as previously reported on by Financial Standard, ASFA also called for greater detailing of financial institutions supervisory levies. The body said: "It's incumbent upon regulators ... |
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