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Showing 721 - 730 of 8005 results for "Average"

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... products that are closed to new members performed significantly worse relative to the heatmap benchmarks. Additionally, average fees are higher in Choice products that are closed to new members. The data used was to 30 June 2022. An earlier version of ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... contributions and a 23% increase in member contributions. Rainmaker Information highlights that in 2021-22, Australians paid an average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... invested in funds which returned US$9.8 billion for investors and US$2.4 billion for entrepreneurs. "The study shows that the average duration of search fund investment is between five and seven years and the average internal rate of return on that investment ...

Women growing super faster than men: Research

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
New Roy Morgan research finds women's average superannuation balances are growing at a faster rate than men's, while ownership levels have also risen. Based on a survey of half a million participants, the research found that since 2012, the ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... MetLife, MLC, Qinsure, RLA, TAL, and Zurich had a high percentage of finalised death claims, ranging from 90% to 98%, with an average duration of around one month. On the other hand, for total and permanent disability (TPD) claims, Qinsure had the highest ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... account in the US which offers 4.15% interest rates. The account, which boasts a rate that's 10 times the US national average, is the latest move in a string of tech giants moving into financial services and taking on traditional banking corporations. ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... million Australians, amounting to $5 billion annually. According to ISA analysis, these individuals are "short-changed" on average by $1700 per year. Addressing the issue of unpaid superannuation, Jones said granting employees access to unpaid superannuation ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... and gig economy workers into the compulsory superannuation system." The survey follows ISA analysis that suggested the average gig worker, who is not entitled to Super Guarantee contributions, could have up to $29,000 more at retirement. ASFA said 98% ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... nothing", will only make the inequality problem worse. "Soaring energy prices have seen gas and electricity bills increase for average Australians, while super profits form Australia's gas and coal go overseas," he said. "A super profits tax will help ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... assets. Under the current rules, only $224,500 of a home's equity is counted in the pension assets test. However, the average value of an Australian home is $880,000 and national median is $705,000. All equity above $750,000 would be fairer, Grattan ...