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Showing 651 - 660 of 4048 results for "Savings"

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... minority of retirees are likely to enter residential aged care. Therefore, creating designated "buckets" within retirement savings for specific needs could negatively impact the overall quality of life during retirement years. ASFA deputy chief executive ...

Priority Advisory Group, Wise Planners merge

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2023
... running a highly efficient, profitable advice firm requires meaningful scale because scale enables businesses to drive cost savings, spread fixed and variable costs over a larger number of clients, and increase profit margins," Barrett said.

AIST, ISA detail advocacy body to come of merger

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
... the long-term interests of members are best served by a compelling voice that is focused on protecting and growing their savings," AIST and ISA said. "The new body will be member-centric and above party politics." ISA said its policy and advocacy staff ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... now receive communication that their super product has failed the performance test will be unable to transition their savings elsewhere due to tax implications. FSC chief executive Black Briggs said the government should look to introduce a product modernisation ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... Insignia's head of superannuation Mark Oliver said the results impact about 5000 members with about $350 million in savings - less than 1% of Insignia's total membership and assets. "While this represents a small cohort of members, it is a disappointing ...

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... after 64 years in operation. The Heidelberg Australia Superannuation Fund, as at June 2022, had just $23.6 million in savings on behalf of 70 members. They also had their defined benefit converted and paid as a lump sum into a new super fund alongside ...

State Super partners with analytics firm

KARREN VERGARA  |  TUESDAY, 29 AUG 2023
... years ago, and today we remain focused on ensuring we have the best systems in place to manage our members' retirement savings in the safest, most efficient way possible," he said. State Super is the trustee of the State Authorities Superannuation Scheme ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... saved $279,000 by age 65, or $795,000 in order to spend $55,000. Couples who wish to spend $60,000 will need $371,000 in savings, while an $80,000 lifestyle will require $1.05 million. "For most people, the amount you'll need to retire while maintaining ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... executive Matt Linden said. ISA states about half of the nation's newly retired, those aged between 65-69, have enough super savings and private savings that they do not qualify for a pension. "While super is still maturing, it is beginning to live up ...