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Showing 731 - 740 of 7585 results for "Currently"

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
... transformative) possibility is that the supporting infrastructure for ESAs is upgraded, to provide for more functionality than is currently available," the report said. This follows the RBA's partnership with a consortium of financial institutions ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... The commutation, however, must be completed within a five-year grace period from the commencement of the regulations. Currently, reserve allocations may count towards members' concessional or non-concessional contributions caps, or be exempt, depending ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... days of their wage or salary being paid. If an employer fails to pay on time, they will be liable to pay an SG charge. Currently the SG charge comprises the regular SG owing, nominal interest of 10% per annum, and an administration fee of $20 per employee ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and unclaimed superannuation contributions sitting with the ATO and super funds. Of those, $471 million ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants in ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... should shift to jump-starting economic growth. This, in her view, requires much lower interest rates than the market currently expects. "We forecast more than three percentage points of cuts by the end of 2026. That would bring the fed funds rate to ...

China to raise retirement age from 2025

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... pension fund will run out of money by 2035 if nothing is done. It's estimated China's public pension bill is currently more than 5% of its GDP. For men, the retirement age will be lifted from 60 to 63. Meanwhile, women working in blue-collar ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... period, but the government expects to pass the reforms by the end of the year and to have them effective 1 July 2025. Currently, the government covers 76% of residential aged care costs and 95% of home care costs. Under the changes, the government will ...

Former industry fund chief in new role

ELIZABETH FRY  |  FRIDAY, 13 SEP 2024
... fund ranks in the top third of regulated superannuation funds for membership, cash flow and investment returns. Baird currently serves as a director of the Australian Centre for Rural Entrepreneurship, which supports emerging entrepreneurs and businesses ...

Mercer awarded mandate for North's APS CoreSeries

MATTHEW WAI  |  FRIDAY, 13 SEP 2024
... advisers with our market-leading managed portfolio solutions and an exceptional platform that's easy to use." North currently boasts $72 billion in funds under administration.