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Showing 631 - 640 of 3872 results for "Pension"

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... super fund announced several fee reductions. Members with $50,000 paid 60% less in admin fees, while retired Choice Income pension account members paid 25% less. From September 2022, the new admin fee structure charged $1 a week plus 0.10% of a member's ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... percentage of people with very high balances." "Our modelling shows that the average person, with the support of the age pension, only needs $258,000 in super to maintain their standard of living in retirement; those people won't be affected by these ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... billion a year, mostly go to high income earners. The cost of these concessions is projected to exceed the cost of the Age Pension by 2050. Further, over 55% of the benefit derived by superannuation tax breaks on earnings are enjoyed by the wealthiest ...

Optimum Pensions urges super trustees to insure mortality risk

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
Optimum Pensions has urged super trustees to insure life expectancy and mitigate mortality risk to meet Retirement Income Covenant objectives. Optimum Pensions' ' The difference between insured and uninsured retirement products ' whitepaper said trustees ...

Stafford Capital Partners launches sustainable timber impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023
... Stafford Carbon Offset Opportunity Fund has attracted US$242 million in investor commitments from the UK local government pension schemes (LGPS) of Essex, Leicestershire and the City and Council of Swansea. The fund is expected to invest in approximately ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
Australia's sustainable pension expenditure stands out from other advanced economies' retirement income systems, an ASFA report says. ASFA's Cost of pensions across advanced economies report said Australia's government pension expenditure ...

Link Group secures mandate renewal

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
Marking more than three decades in partnership, Rest has flagged it will likely extend its mandate with Link Group, under a new agreement that includes the creation of a joint digital innovation team. Link has been providing administration and other ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... sustainability and a dignified retirement at the heart of superannuation policy while recognising the ongoing role of the Age Pension," said ASFA chief executive Martin Fahy. "This objective offers a retirement aspiration which is fit for purpose, and ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
Allianz Retire+ has launched its new retirement income product, designed to enhance the provision of retirement planning for advisers. Allianz Guaranteed Income for Life (AGILE), available in early March, is a next-generation retirement solution delivering ...

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
Amid the largest drop in global pension assets since the GFC, Australian super funds held steady with lower bond allocations and Super Guarantee flows. Global pension assets had their largest annual decline since the GFC, dropping 16.7% to $47.9 trillion ...