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Showing 701 - 710 of 1702 results for "Retirement savings"

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
... members, down from over $700 million the week prior. In total, over $31 billion has been removed from Australians retirement savings with the largest super fund, AustralianSuper, having paid out the most. The fund has paid out $4.4 billion in total since ...

Superannuation critical to economic recovery

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... chief executive Martin Fahy said the proposal would inflate the price of a property by $50,000 and eat into the retirement savings of young Australians. "The proposal from Master Builders does nothing to address the supply side constraints at the heart ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... APRA released the updated ERS figures for the week ending August 9. Over $31.1 billion has been removed from retirement savings since the scheme's inception. Over the week to August 9, 88,000 applications were received by funds of which 44,000 were initial ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... out-of-touch solution to this looming crisis for millions of Australians is to take away the one thing that can boost retirement savings - the legislated super guarantee increases," ISA said. "The case for lifting the super guarantee as the best way ...

It's your money: Hume calls out Keating

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... crisis," Jones tweeted. "What is your plan for next time after 560,000 Australians have had to wipe out their retirement savings?" Hume retweeted Jones' statement and said: "Nostradamus here look to the next 1 in 100 year pandemic...How about we help ...

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to 173,000 members, bringing ...

Aussies reevaluate retirement prospects

ALLY SELBY  |  MONDAY, 3 AUG 2020
... costs start sinking in." Power argued there are simple methods Australians can use to rebuild and boost their retirement savings. "We're already seeing some Australians starting to tackle this," she said. "Our research found that many of us are willing ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... comes after Treasury provided an updated forecast of the amount it estimates would be removed from people's retirement savings after its initial estimate of $29 billion was already passed. Treasury said it now expects $42 billion to be removed from retirement ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
... (ERS) scheme; the highest proportion in the nation. ISA said over 145,000 Queenslanders have wiped out their retirement savings all together, with the association pushing for the legislated super rate increase. "If the government backflips on its legislated ...

Corporate super plan appoints chair

KANIKA SOOD  |  MONDAY, 27 JUL 2020
... incumbent retires after 16 years. Gabriel Szondy will chair the Alcoa of Australia Retirement Plan, which manages retirement savings for the employees of Alcoa World Alumina and had $2.2 billion in total assets at June 2019, according to its annual report. ...