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Showing 591 - 600 of 4075 results for "Savings"

'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 ...

Rest awards impact mandate

RACHEL ALEMBAKIS  |  TUESDAY, 27 FEB 2024
... resource efficiency and electrification. "Through these investments, we aim to help our members grow their retirement savings with strong, long-term investment returns and also generate measurable positive environmental impacts," said Kiran Singh, Rest's ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... committed to ensuring the highest possible standards of customer service - that's what Australians with their retirement savings in super rightly expect," SMC chief executive Misha Schubert said. "But we know that, on occasion, the super sector has ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... of the superannuation tax leaping from 15% to 30% and not be scared off from using SMSFs as an alternative retirement savings vehicle, according to an expert. Presenting at the SMSF Association National Conference, Heffron Consulting managing director ...

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... $3 million mark - yet they still see value in their SMSF, appreciating they are a genuine platform for their retirement savings strategy. For those who opt to take their money out of superannuation because of this change, Heffron flagged issues that ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... retirement and retirees under 75, he said. "The higher caps will give them extra firepower to top up their retirement savings and make the most of the favourable tax settings in the super system. These settings are in place to help people save for retirement ...