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| | | ... Association of Superannuation Funds of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated by the proposed $3 million cap on superannuation. ASFA senior policy advisor Helena ... |
| | | | ... said: "As we seek to invest more than $240 billion on behalf of 2.2 million members who trust us with their retirement savings, these new appointments bring a wealth of experience in investment markets, and in critical areas of focus and opportunity." ... |
| | | | Rainmaker Information estimates the $3 million superannuation cap would impact $410 billion of savings for around 100,000 Australians. Although only a small proportion of Australians hold $3 million or more in superannuation, they own a disproportionately ... |
| | | | ... MySuper products declined in line with the overall asset pool, dropping 3.1%to $917.3 billion. Australians' retirement savings shrank 3% at the end of last year to $3.4 trillion in total, APRA said, pointing to market volatility largely driven by global ... |
| | | | ... as previously reported by Financial Standard, the government released a draft objective for superannuation to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The proposed ... |
| | | | ... pursuing desired lifestyles; and more individuals are seeking to attain this freedom through liquid forms of wealth like savings, equities, and managed investments. "We've traded off that [homeownership] in order to get superannuation or to provide ... |
| | | | ... nickel, LNG and rare earths." McAuley added: "Australia has a large, well capitalised finance sector and extremely large savings pool in the form on $3.3 trillion in superannuation." |
| | | | ... superannuation to deliver sustainable retirement income. The proposed objective, which is open for consultation, is to preserve savings to deliver income for a dignified retirement, with government support, in an equitable and sustainable way. |
| | | | ... is well placed to face challenges to fiscal sustainability, due in large part to high levels of private superannuation savings helping to reduce government pension spending." But ASFA report emphasised that the sustainability of Australia's retirement ... |
| | | | Plans to allow access to offenders' superannuation savings as a means of recourse for victims and survivors of child sex abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury ... |
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