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Showing 831 - 840 of 6001 results for "Age"

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
The ASX reported a 37.6% plunge in statutory net profit to $317.3 million, largely weighed down by hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking ...

TelstraSuper enhances lifecycle arrangement, introduces new option

CASSANDRA BALDINI  |  THURSDAY, 17 AUG 2023
... shifted into. Miller explained the TelstraSuper carefully considered the appropriate risk and return levels for the different age groups, extending the investment time frames by five years for younger and older members. "50 is the new 45 and 70 is the ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ...

Super tough sell for First Nations people: Podcast

CASSANDRA BALDINI  |  FRIDAY, 11 AUG 2023
... system's architecture is simply not conducive to positive outcomes for First Nations people, noting preservation or retirement age is typically 60 or 65. "Life expectancy for an Aboriginal male is 71, so immediately it's a bit of a difficult ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... opportunity to grow," Gopal said. "Additionally, by combining a mix of asset classes and adjusting that allocation as they age, investors can balance their risk and returns at every stage of their life to achieve their financial goals - from building ...

Blackwattle selects Apex Group for administration

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Blackwattle Investment Partnershas selected Apex Group as the administrator amid the launch of its first four funds. Apex Group will provide the new boutique with technology-enabled fund administration, transfer agency, middle office and custody solutions. ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Tax agents found evading laws could face over $780 million in penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines ...

Northern Trust appoints APAC head of global fund services

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
Northern Trust has named Caroline Higgins as its head of global fund services (GFS) Asia Pacific. Higgins, who first joined Northern Trust in 2016, was most recently head of Hong Kong, Macau, and Taiwan. She brings over two decades of experience in ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
Amid fresh concerns about funding Australia's ageing population, assistant treasurer Stephen Jones has responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. ...