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

Search Results

Showing 51 - 60 of 5924 results for "% Australians"

Performance test reforms to curb benchmark hugging: Treasury

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
Treasury is addressing benchmarking-hugging incentives encouraged by the superannuation performance test in a new round of consultations that aim to overhaul several "unintended consequences" it has created over the last five years. Treasury acknowledges ...

Advice industry can't afford CSLR to be an 'unsustainable mess': FAAA

MATTHEW WAI  |  FRIDAY, 8 MAY 2026
A recent survey conducted by the Financial Advice Association Australia (FAAA) shows the Compensation Scheme of Last Resort (CSLR) levy will increase the cost of financial advice and may see a significant departure of advisers from the industry. The ...

Lead generation a 'conveyor belt of harm': Longo

RIDDHIMA TALWANI  |  THURSDAY, 7 MAY 2026
... ban on these tactics to protect members hard earned savings," Fok said. "As long as there are gaps in the system, Australians' retirement savings will be at risk from unscrupulous operators." Longo also highlighted it is important for ASIC to remain ...

Insurance premiums to drop for HESTA members

JAMIE WILLIAMSON  |  THURSDAY, 7 MAY 2026
The cost of insurance for most HESTA members is dropping across all cover types by an average of 12%. From July 1, members will pay less for the same level of death, total and permanent disability (TPD), and income protection cover. On average, the ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
Australia's support income system is facing significant strain, with a sharp rise in people unable to work due to illness or injury, particularly mental health conditions. New research commissioned by the Council of Australian Life Insurers (CALI) ...

Clearer distinction of advice required around aged care costs: Review

MATTHEW WAI  |  WEDNESDAY, 6 MAY 2026
A recent review has outlined the need for a proper distinction between financial advice and information obtained from aged care providers when it comes to understanding the costs and financial impact of residential aged care accommodations. The Independent ...

Budget to overhaul negative gearing, CGT discount, family trusts

ELIZA BAVIN  |  TUESDAY, 5 MAY 2026
Reports suggest the government is planning to curb negative gearing, overhaul the capital gains tax discount and impose new tax rules on family trusts when Treasurer Jim Chalmers hands down the Federal Budget next week. While nothing has been confirmed ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
Australians missed out on $24.4 billion in unpaid superannuation in the past five years to 2023, reinforcing the need for Payday Super, the lobby group says. New analysis from Super Members Council (SMC) found one in four workers were underpaid super ...

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
Cbus members will see an average 46% increase in death and TPD premiums from July 1. Default cover premiums will increase between $0.19 cents and $10.24 per week. There will also be a 12% increase for some income protection categories, the first rise ...

M&A is not a 'scattergun' approach: AZ NGA

MATTHEW WAI  |  FRIDAY, 1 MAY 2026
Since completing its first-ever deal over a decade ago, AZ NGA has completed more than 200 transactions but each of them carries the same purpose to scaling the advice platform, which isn't a "scattergun" approach, AZ NGA group chief executive Paul ...