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Showing 6701 - 6710 of 28267 results for "NOT"

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted the Age Pension is funded by working ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a tax advantage. Super earnings are taxed at 15% in the pre-retirement phase but are tax-free in the retirement phase. ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
While not making explicit recommendations, the Retirement Income Review has warned against increasing inequities already in the system, citing that a rise in the super guarantee would benefit men more than women. The review has stated that consideration ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... uncertain after interacting with their fund. "They found insurance complex and difficult. Some discovered information they did not understand or did not know how to respond to," ASIC said. "This often caused them to delay in engaging further with their ...

Kogan execs chase big bonuses

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... than 21 million voted against. One shareholder asked whether the chief executive had threatened to quit. Ridder said he would not comment on that kind of speculation. Ridder did, however, say the bonuses were necessary to attract, reward and retain key ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... on income streams rather than balances, better quality and more accessible advice and guidance," it said. The report does not offer recommendations, instead aiming to achieve a comprehensive view of the issues facing the retirement income system. It ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... penalty of $100,000 for his role. Marie was also disqualified for four years from managing corporations. ASIC said it will not seek recovery of the penalty against Theta, as doing so would decrease the funds available for distribution by the liquidator ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... goal. The long-awaited Retirement Income Review (RIR) acknowledges the Age Pension as providing a safety net for those who do not have the means to create their own minimum standard of living in retirement and secondly as a buffer for retirees whose ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... improve the sustainability of the system," the report states. The Michael Callaghan chaired panel which delivered the report was not tasked with making recommendations. Treasurer Josh Frydenberg this morning did not announce an immediate pan to curb ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review (RIR) has discussed the possibility of a fifth pillar in Australia's retirement income system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension ...