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Showing 761 - 770 of 5153 results for "Rest"

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... increase for the 2.66 million award employees under the Fair Work Commission's annual wage review," he said. Looking toward the rest of 2023, Lowe commented: "In assessing when and how much further interest rates need to increase, the board will be paying ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
New research by the Grattan Institute suggests how the government can save up to $13.5 billion annually if superannuation was not geared towards giving high-income earners tax windfalls. The newly released report, Super savings: Practical policies for ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

AMP flags first strike on remuneration

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
AMP anticipates it will receive a first strike on its remuneration report following disgruntled shareholder feedback at this morning's annual general meeting. Based on votes that were already cast, AMP chair Debra Hazelton said while "the first strike ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
Andrew Lill, the chief investment officer of $70 billion super fund Rest, says the role of a CIO is changing and not just because investment heads have to respond quickly to more volatile markets. Increasingly, investment chiefs must consider a range ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019. Last year, ASIC reviewed the actions of 15 trustees in ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... insurance. There is also no change to the amount of cover offered. "Increasing costs isn't something the trustee does lightly, and rest assured we're committed to keeping Virgin Money Super low cost and competitive," the fund said. The group cover is ...

Openmarkets launches custody offering

KARREN VERGARA  |  WEDNESDAY, 22 MAR 2023
The newly revamped trading platform now has a custody capability that holds Australian equities on behalf of retail investors. Openmarkets has partnered with Syfe, an Asia-Pacific investment platform that has offices in Singapore, Hong Kong and Australia. ...

Could a four-day workweek save the day?

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
The four-day workweek wave has hit Australian shores and its many advocates believe it can play a major role in closing the gender pay gap in retirement. This month, Labor and Greens senators backed a recommendation by the Senate work and care committee ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... potentially boost their superannuation savings. The initiative has been welcomed by industry funds, including CareSuper and Rest, as well as the construction sector. Meanwhile, to improve pay and promote prosperity for women in low-paid sectors, the ...