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Showing 721 - 730 of 4048 results for "Savings"

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1, the cost of ...

Rest to sell Endeavour stake

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... quality. It's an asset in the portfolio that has been a materially positive contributor to growing our members' retirement savings through the cycle." Lill said the sale will also allow Rest to recycle funds into new private market opportunities, particularly ...

UniSuper spends $1bn on European mobile towers

ANDREW MCKEAN  |  MONDAY, 8 MAY 2023
... As genuine active long-term investors, we continue to look for sizable opportunities that grow our members' retirement savings."

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... younger women who are disproportionately affected by unpaid super. Unpaid super can reduce some women's retirement savings by up to 10%, further exacerbating the existing gender pay gap whereby women typically retire with about 25% less super than ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... portfolios, left the fund following the appointment of Andrew Fisher as head of the investment strategy for both the super savings and QSuper portfolios. Moreover, ART is currently searching for a new chief of retirement and a chief member officer.

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
... regulator issued a permanent ban to the director of Melbourne's Skynet Financial Services for stealing his clients' retirement savings to fund a lavish lifestyle and pay personal debts. Between 2013 and 2017, Terence Rio Nugara advised clients to withdraw ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... term deposits. This trend is particularly strong among older Australians who are four times more likely to keep their savings in term deposits than younger Australians aged 18-29," Riley said. Meanwhile, Commonwealth Bank executive general manager Kate ...

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... A former financial adviser was sentenced to six years behind bars for committing a $650,000 fraud, using clients' SMSF savings to pay off his personal debts. Appearing before the Maroochydore District Court, former adviser Brett Gordon faced nine counts ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... of ageing without sufficient resources to secure an appropriate retirement. "The regime requires individuals to create savings and asset allocation to build wealth over many decades, and then to deliver income through, hopefully, many decades of retirement ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... the 20.8% peak in 2017, before the introduction of the Transfer Balance Cap (TBC). The TBC limited tax-free retirement savings to $1.6 million. Rainmaker suggested that without the TBC, total superannuation contributions in 2022 would have reached 23% ...