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Showing 761 - 770 of 4082 results for "Savings"

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% ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... values, and our vision continues to be aligned in creating a sustainable fund which protects and promotes the retirement savings of workers in the mining and transport industries." Previously, Sherry and Langby also said: "Mine Super and TWUSUPER share ...

UK's Nest switches investment chief

CHLOE WALKER  |  FRIDAY, 21 APR 2023
... focusing more of my time on evolving the long-term strategy of Nest Invest." Nest - also known as National Employment Savings Trust - is the pension scheme established by the UK government in 2011.

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... Bangladesh is BDT 8000 monthly, while some argue that a living wage is closer to BDT 22,000. "Workers are eating into their savings," he said. "That's an ongoing issue." Bangladesh has also experienced high rates of inflation, increasing the strain ...

Women growing super faster than men: Research

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... balance for women has grown faster at 38% to $154,000 versus men's 26% to $216,000. Back then, women's retirement savings averaged $111,000 and men had $172,000. Currently, 70.9% of women have a super account while 74.8% of men have one. A decade ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... Revolution Asset Management to have been appointed by a super fund that has a long and proud history of managing the retirement savings for generations of Australians. Private debt has been an important component of institutional and wealth portfolios ...