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Showing 51 - 60 of 638 results for "Income Stream"

SMSF Association announces board director changes

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
Following the retirement of three board directors, the SMSF Association (SMSFA) has announced their successors. The SMSFA has welcomed Heffron managing director Meg Heffron, Vincent director of superannuation advisory Brett Griffiths and Matrix Norwest ...

AMP hires growth lead for super, investments

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... our members is critical to our vision in helping more Australians accumulate wealth through super and create an income stream for life. In order to innovate, we need to move quickly and take appropriate risks, supported by the right risk and compliance ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... moderately high returns of 3.25% above the rate of inflation or 3.75% above the rate of inflation on for retirement income stream accounts. It has a minimum investment timeframe of 10 years for members who "are prepared to accept a high amount of volatility ...

Australia's retirement system slides down rankings

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
... Delahunty, chief executive of the Association of Superannuation Funds of Australia (ASFA), said while the compulsory income stream might increase Australia's index ranking, it is crucial to consider the potential implications for retirees. "Flexibility ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
ESSSuper Income Stream members will see a 33% increase in their administration fee cap due to higher costs borne by the superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... allocations from superannuation reserves." This would apply to legacy lifetime, life expectancy, and market-linked income stream products that commenced before 20 September 2007 or were converted from earlier legacy products. Lifetime and life-expectancy ...

Pengana losses up 789% in FY24, revenues rise

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
Pengana Capital Group (PCG) has reported a significant increase in losses for FY24 compared to FY23 - up 789%. The company reported underlying profit before tax of $2.4 million and a loss from ordinary activities after tax of $4.3 million for the year. ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... 48% year on year. This was markedly lower due to the divestment of 34% of the US Military Housing Asset Management income stream that was recognised in FY23. This unit's funds under management decreased 2% to $47.3 billion year on year. The construction ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... moderately high returns of 3.25% above the rate of inflation or 3.75% above the rate of inflation for retirement income stream accounts. For example, if the consumer price index (CPI) averages 3% p.a. year over 10 years, the option aims for an average ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... executive, customer Mandy Mannix said the study drew a greater understanding from the participants who have a guaranteed income stream in retirement. "When you know a portion of your savings is guaranteed to last a lifetime, it brings an unparalleled ...