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Showing 61 - 70 of 676 results for "Lifetime"

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... products, MySuper products, cash, and term deposits." The central claims relate to administration fees charged on Flexible Lifetime Super accounts, MySuper accounts, and overcharging investment fees on cash and term deposits. "No other retail fund was ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... how a member's 'total super balance' changes from year to year," Heffron said. "Currently, a member who has a complying lifetime pension has a strange amount included in their total super balance for this pension - it's not the amount of their 'pension ...

Wealth managers' recovery looks promising: Research

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... investment division, a new analyst note states, adding the firm has differentiated its North platform by offering MyNorth Lifetime products, blending accumulation/super with a retirement income solution. As a more focused wealth and bank operator, AMP ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... set the strategy for default accumulation members and looked after the solvency management of the asset pool for the lifetime pension product. The investment professional and actuary has long represented ART as a global industry thought leader in retirement ...

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
... are active. The median account balance is about $200,000. The fund was also home to 32 defined benefit members with a lifetime pension entitlement. They have all already been transferred to the Challenger Retirement Fund. Last year, a KPMG analysis found ...

Challenger posts mixed Q3 FY25 result

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... supported by longer tenor annuity sales. Annuity sales increased by 20% to $1 billion aided by the growth of both retail lifetime with $246 million (up 22%) and MS Primary Japanese annuities at $240 million (up 33%) for the quarter. Challenger said the ...

NGS Super to launch lifetime income product

MATTHEW WAI  |  TUESDAY, 15 APR 2025
NGS Super has partnered with Challenger to provide guaranteed lifetime income for members. The agreement will give the super fund's 32,000 members aged over 55 "greater certainty" through blending an account-based pension with a guaranteed, regular ...

State Super: In decline but doing fine

ANDREW MCKEAN  |  FRIDAY, 21 MAR 2025
... members and an inevitable end. State Super's funds are decumulating at different rates. Its defined benefit members receive lifetime pensions, sometimes extending to a spouse or child, payments will continue until its last member dies - estimated to ...

Skills gap crisis costing Australia $3.5bn a year

ELIZA BAVIN  |  WEDNESDAY, 19 MAR 2025
... need to focus on the school to work transition, supporting young people into meaningful work and pathways that last a lifetime." The report recommended consideration be given to legislating career education within the Australian curriculum. This has ...

Luxury asset investment platform launches for high-net-worth investors

ANDREW MCKEAN  |  TUESDAY, 11 MAR 2025
... and family offices, along with opportunities to cross-sell across multiple asset categories. Suppliers can also earn lifetime resale commissions - receiving ongoing income each time an investment-grade asset appreciates and changes ownership. These transactions ...