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Showing 601 - 610 of 4048 results for "Savings"

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... little concern. A study commissioned by AMP has found that fewer than one in 10 Australians expect they will have enough savings for retirement, and one in three are not confident that their nest egg will provide for an adequate lifestyle. A key finding ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... requirements. "We've reviewed our processes and acted to further strengthen the protection of our members' data and retirement savings. We've had multifactor authentication for a very long time and have now implemented enhanced cyber controls across ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... recommends the government expand the three pillars of retirement funding: Age Pension, compulsory superannuation, and voluntary savings. They explained this will better promote additional income sources retirees can draw on, such as salaries and wages ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... timely information to members about superannuation fees," she said. "Members should be confident that their retirement savings are not reduced over time by superannuation trustees making deductions from their accounts they are not entitled to make." ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... continues within the Future Group structure." Verve Super has close to 7000 members with about $271 million in retirement savings, equating to an average balance of about $40,000. Its objective since launch has been to narrow the gender savings gap in ...

Gender pay gap trends down: WGEA

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... increase of three percentage points to 86%. "This is a sign that more employers are taking action to ease the retirement savings gap for women," Wooldridge said. Flexible work appears to be more embedded in workplace culture more than ever. Not only ...

Commonwealth Super Corp selects Challenger for retirement products

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... APS and ADF in their retirement. "Like many older Australians, a significant cohort of CSC customers are worried their savings will run out, leading many to 'under retire' and unnecessarily reduce their quality of life," Hamilton said. "Leveraging our ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... Portfolio Services (IDPS) set for a 2024 launch, and operational transformation review that's expected to yield cost savings. Praemium expects a considerable uptick in underlying EBITDA from its strategic initiatives, with most benefits projected ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... with UK firm Engine by Starling to launch the technology platform to house small business owners' transaction and savings accounts. "AMP Bank's near-term performance will continue to be affected by current market conditions. Current market conditions ...