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Showing 781 - 790 of 4501 results for "Saving"

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... significant portion of Australian taxpayers will breach the cap in their lifetime. It found some 500,000 individuals currently saving for retirement or already retired could be impacted if the cap remains unindexed. "It's not applied to a huge number ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... regulators every two years. However, the government has moved to change this to once every five years, in what it deems a budget saving. Outlining the additional $162.4 million in resourcing it will provide itself in delivering on Treasury priorities ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
Australia's inflation rate, expected to fall from 6% now to 2.75% by 2025, shines a light on Australia's government interest payments and with it, Australia's relative debt position. At June end 2022, there was $895 billion in Australian government ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
The industry fund is shuttering one of its Choice investment options that was recently highlighted by APRA as an underperformer. Following a review of its Super investment menu, Mine Super is closing its Conservative Balanced Choice option later this ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
Australian 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 ...

Rest to sell Endeavour stake

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Rest will divest its 12.6% interest in Endeavour Energy to a fund managed by Macquarie Asset Management (Macquarie), already an investor in the company. The industry super fund acquired its stake in Endeavour Energy in 2017, when the NSW government ...

UniSuper spends $1bn on European mobile towers

ANDREW MCKEAN  |  MONDAY, 8 MAY 2023
UniSuper has made its first direct infrastructure investment in Europe, securing a 5% stake in mobile towers business, Vantage Towers. Vantage Towers operates 83,000 sites across 10 European markets, including Germany, Italy, Spain, and the UK. Vodafone ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
Australian Retirement Trust has promoted two people to more senior roles within the risk function. The $240 billion super fund has promoted Nick Horn to head of investment risk and Bridget Piggott to head of risk. Horn will report to Anne Browne as ...