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Showing 61 - 70 of 820 results for %22Individual Life%22

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
APRA is consulting on the need for it to make individual determinations for lifecycle MySuper products for which performance histories are required to be combined for the YFYS test. Currently, the performance test involves two situations where performance ...

Investor education combats emotions: Experts

ANDREW MCKEAN  |  TUESDAY, 11 APR 2023
... timing the market; no one has that crystal ball," he said. O'Donoghue also noted that older investors typically have more life and market experience, enabling them to better navigate economic turmoil. However, younger investors, who haven't lived through ...

ISA renews calls for gig worker super

CHLOE WALKER  |  TUESDAY, 11 APR 2023
... extra $10,800 at retirement or $17,500 after five years of work. "Not only would this extra money improve the quality of life for individuals at retirement it would reduce the burden on the age pension," ISA said. The federal government has alluded to ...

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 ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... concentration risks associated with their activities. The Asset Concentration Risk Charge is the amount by which the values of individual asset and credit exposures or groups of related exposures exceed certain limits. APRA has noticed the increased ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... additional tax. But many small businesspeople and farmers are asset-rich, cash-poor, where their business has been their whole life," she said. "They have simply relied upon and trusted the super system to plan their eventual retirement."

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... can give blanket relief to the whole industry, so that's not something we can do," she said. "We will consider individual trustee applications on a case-by-case basis. But it's also important that you consider what you're doing when you're ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... industry codes. Three trustees have real-time access to their insurers' systems so they can monitor the progress of individual claims in real time," ASIC said. Finally, in helping members understand their insurance, ASIC referred to its previous research ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... the main things we need in order to push for reform," she says. Without Fair Work Act reform it is still possible for individual employers to offer menopause leave entitlements to their staff, however, as Heron explains, there can be a downside to this. ...