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

Search Results

Showing 51 - 60 of 1141 results for %22Retirement Standard%22

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... test, including 96 Choice products and one MySuper offering. Collectively, the failed options hold about $4 billion in retirement savings on behalf of about 60,000 members. SCA director Xavier O'Halloran said it's clear that "something has gone wrong ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... failed products are issued by either an Insignia or AMP trustee. Those overseen by an Insignia trustee include AvWrap Retirement Service MLC0398AU; IOOF Portfolio Service Superannuation Fund's OnePath Tax Effective WS Income Trust and Optimix WS ...

It's time to fill your boots with private debt

ANDREW MCKEAN  |  TUESDAY, 29 AUG 2023
... strong returns but also generate regular, steady income, making them suitable for portfolio diversification or future retirement income, she said. Maill concurred, emphasising how the shifting landscape in Australia's banking sector is creating unique ...

Unlisted asset valuation flaws complicate comparison

ANDREW MCKEAN  |  TUESDAY, 29 AUG 2023
... asset valuations complicates the transparency of performance comparisons for superannuation fund members. Australian Retirement Trust chief investment officer Ian Patrick told the AIST Superannuation Investment Conference (ASI) on the Sunshine Coast ...

Longevity risk is big super's biggest failure: Podcast

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... superannuation advisory partner Melinda Howes highlights longevity risk as the primary aspect where Australia's retirement income system falls short. Expanding on this, she noted that a significant number of trustees have yet to implement solutions ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the ...

Corporate fund inks deal with Link

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
The partnership, slated for completion by 2024, will also bring Link's PathFinder retirement platform to ANZ Staff Super. Pertinently, more than a third of the fund's members are aged 50 and over. It brings to an end the fund's longstanding relationship ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... Renato Mota said it comes as broader society recognises the need to do more to help people moving into and living in retirement. "I think there's a significant opportunity for us with the two million Australians we're looking after to do more and leverage ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
Australian Retirement Trust (ART) has finalised its merger with Woolworths and Endeavour Group, adding over 25,000 new members. Following the successor fund transfer (SFT) with Woolworths and Endeavour, ART's funds under management increased by ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... the combined legacy and achievements of both organisations to address systemic issues pertinent to superannuation and retirement. "As balances grow and more members reach retirement age, the long-term interests of members are best served by a compelling ...