Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 651 - 660 of 3876 results for "pension"

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... super tax reform, Knox concluded that the objective of Australia's retirement income system, encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
Netwealth has advanced its client account notification and task-tracking tool available on its platform. The upgrade and release of "Activities" will allow advisers and clients to track and respond to tasks, such as corporate actions and account notifications ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... from more people accessing financial advice as it tends to lead to a lower reliance on social services such as the age pension with more dependence on personal assets come retirement. The FPA said it broadly supports the decision to implement the Compensation ...

Norwegian wealth fund reports -14.1% return

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
Norway's Government Pension Fund Global finished 2022 down a record $222 billion, saying it was a "very unusual year". The oil fund recorded the biggest loss in its history. Its previous largest loss was in 2008 amid the Global Financial Crisis when ...

Another Diversa offering bites the dust

JAMIE WILLIAMSON  |  TUESDAY, 31 JAN 2023
... Plan are to be moved to HUB24 Super by way of a successor fund transfer. These include Affinity Super, Henderson Maxwell Pension and Super, MAP Super, VIP Super and Redgum Super among them. "Diversa has decided to adopt this course because it considers ...

Divestments impact Insignia FUMA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... FUA decreased by $0.2 billion (0.1%) due to the divestment of $6.9 billion in Australian Executor Trustees (AET) FUA, pension payments of $706 million, and net outflows of $267 million. As previously announced on 30 November 2022, Insignia completed ...

Australians lack confidence in retirement: SSGA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... respondents, with only 21% more concerned about budgeting for later years. "This could reflect the backstop of the Age Pension as well as a behavioural present bias. However, it could equally reflect an expectation that successful management of finances ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... example, on travel or entertainment, and a proportion of costs may also be covered by Medicare. Challenger said that the Age Pension also provides some protection from inflation, including the twice-yearly indexation of Age Pension Payments and the Pensioner ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
Social security measures relating to the Age Pension are among the most popular regulatory topics for Australian financial advisers, based on the questions they're asking BT's technical team. According to BT, the $4000 increase to the work bonus for ...

SWFs shrink for first time ever: Report

CASSANDRA BALDINI  |  MONDAY, 16 JAN 2023
... the sector dropped by a total of US$1 trillion, according to Global SWF. Similarly, the Global SWF report says public pension funds (PPFs) reduced assets by US$1.3 trillion, with the following worsening of funding ratios. However, despite the loss, the ...