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Showing 631 - 640 of 6049 results for "Age"

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... from $92 for a 40-year-old to up to $450 for a 60-year-old. Insurance premiums for standard death and TPD cover rose for most age groups in 2023-24, which on average increased $48 per annum or 15% for members aged 30 and over. For these two types of ...

Vanguard Super's default option delivers 13.2% return

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
Vanguard Super's default MySuper lifecycle investment option has posted a 13.2% return in its first full financial year. This investment option outperformed some of Australia's largest superannuation funds, surpassing all industry funds on a one-year ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... generation - those born in 1976-1982, on the cusp of the Millennial/Gen X divide - earned more than their parents did at a similar age. "In Australia, a 10 percentile rise in a parent's rank in the income distribution is linked to a relatively small ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Financial advisers are focused on helping their clients navigate superannuation contributions, transfer balance caps, dealing with a death benefit and home ownership issues, according to the latest data from AMP Advice. TapIn, AMP Advice's technical ...

Job mobility falls for first time in three years

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... well below rates of more than 20% seen 20 years ago," he said. "Falls in job mobility over the past year were seen across all age groups, though they remained slightly higher than pre-pandemic levels in the older age groups." Job mobility rates fell ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The latest financial adviser exam results show that 70% passed the June sitting. Some 235 candidates sat the exam, with 165 passing. Of the total, 158 did so for the first time. There has been a total of 21,260 candidates who sat through an exam. Over ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2024
... stats, Future Super has 54,300 members and $2.15 billion in assets. The median account balance is $17,326 and the median member age is 30. This includes the Verve Super division.

TelstraSuper produces 9.6% MySuper return

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... assets, such as shares and property, for much of their working life, and then is designed to progressively reduce risk from age 50 onwards," he explained. Before October 2023, once a member turned 45, they were transitioned into the MySuper Balanced ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... income covenant," Cole said. "It's estimated that more than three million fund members will reach superannuation preservation age in the next decade making it critical that funds have robust and effective strategies to assist members who are approaching ...