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| | | Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts. Last year, super fund members aged 65 or older owned 40% of Australia's $3.3 trillion in superannuation assets. ... |
| | | | Industry Super Australia (ISA) is calling for a "discriminatory legal relic" that denies Australian adolescents from receiving superannuation contributions to be overturned. ISA said about 375,000 young workers aren't entitled to compulsory super contributions ... |
| | | | ... FCA, under the new Duty, has set out its expectations for financial institutions to offer consumers fair and competitive saving rates. The FCA said that it has seen "some positive action by banks and building societies to improve their rates, and to ... |
| | | | While super funds' returns might have recovered, member satisfaction certainly hasn't. In fact, a new report shows it's fallen even further. The latest CSBA FEAL Superannuation CX Benchmarking report found 25% of members who had recently engaged with ... |
| | | | HESTA has delivered a 9.59% return for its balanced growth investment option. The balanced growth investment option, which most of the industry fund's one million members are invested in, was buoyed by strong equity market performance, bolstered by ... |
| | | | AustralianSuper has posted an 8.22% return for its balanced investment option. Of note, the Rainmaker MySuper performance index benchmark is likely to yield a return around 9%. AustralianSuper chief investment officer Mark Delaney said that the fund ... |
| | | | ... reductions in agreed client book valuations, confirming the group was looking into longstanding adviser contracts with a view to saving shareholders' money. In July 2020, the advisers filed the class action against AMPFP. At the time of filing, The ... |
| | | | The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ... |
| | | | Despite the lull in the property and private equity sectors, Australian Retirement Trust (ART) handed in a 10% return for its balanced option following a bumper share market revival. The Super Savings Balanced, which most of the ART's 2.2 million ... |
| | | | ... Cbus said. All members aged 15 to 49 years will see savings, no matter the occupational category they're in. The biggest saving to be had is on TPD cover provided to 15-24-year-olds in the manual category, with each unit of going down $1.13 to 75c. Meanwhile ... |
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