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Showing 41 - 50 of 1184 results for "Labor"

Super on PPL a drop in the ocean

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... mention women despite aiming to ensure the system is "equitable" has once again shone light on the super gender gap. The Labor Party will stand to save about $2 billion once it doubles concessional tax rates for balances over $3 million but has only ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... "We're not going to stand by and watch Australians get attacked," Dutton said. "I think the uncertainty that they're [Labor] creating around superannuation is completely unacceptable." Dutton also noted that the $3 million superannuation cap ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... Taylor also critiqued the government's proposed policy as labelling it another election promise. "It's clear that Labor is prepared to break a promise to change more tax," he said. "They've [Labor] decided to move the goalposts and frankly ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... impose taxes on superannuation is a departure from their earlier commitment not to do so, Taylor said. "It's clear that Labor is prepared to break a promise to change more tax," he added. Meanwhile, Chalmers alluded that achieving a more sustainable ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... state's fund management practices. Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Texas ...

Bonds are back: GSFM

CHLOE WALKER  |  WEDNESDAY, 25 JAN 2023
... have a recession this year?" According to Miller, the data doesn't validate that view at the moment. "If we look at the labor market in the US, the unemployment rate is still pretty close to a fifty-year low. I can remember when man walked on the ...

US inflation hits one-year low

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
The Consumer Price Index (CPI) in the US dropped 0.1% in December, according to the Bureau of Labor Statistics. Inflation in the US has risen 6.5% over the past year, but the latest data also shows a cooling trend for the sixth consecutive month. US ...

Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... social security, the treasury, comptroller of the currency, the consumer financial protection bureau and the department of Labor which oversees ERISA-regulated retirement finance. In Congress, there are also multiple committees overseeing financial services ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... would have opened the floodgates to further supplementary performance tests, to the detriment of product holders. Given that Labor has adopted these amendments, the faith-based carve out is dead, but never should have been proposed in the first place." ...

BlockFi files for bankruptcy, crypto contagion worsens

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
... the Chapter 11 process. Though the company has also initiated an internal plan to considerably reduce expenses, including labor costs. BlockFi has US$256.9 million in cash on hand, which is expected to provide sufficient liquidity to support certain ...