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Showing 841 - 850 of 4502 results for "Saving"

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... cover at the age of 36. Before March 5, the joint cover would have cost $465.78 per year. This has now dropped to $390.63, saving members $75.15. "What's important for our members to be aware of is that while our insurance fees have reduced, the level ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... new admin fee structure charged $1 a week plus 0.10% of a member's balance, capped at $350 a year for members still saving and $600 a year for members with a Choice Income pension or transition to retirement income account.

Vanguard to close UK financial advice arm

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... just two years since its launch. Vanguard Personal Financial Planning was established in 2021 as a low-cost, retirement saving advice solution. The service was bolted on to Vanguard's Personal Investor Platform but failed to gain significant interest ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... government's $3 million superannuation cap is not indexed, it will adversely impact around 500,000 individuals who are currently saving for retirement or have already retired. Financial Services Council (FSC) analysis of ATO data found a significant ...

ART appoints new board, investment committee members

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
Australian Retirement Trust (ART) has made several high-profile appointments to its board and investment committee. Former Future Fund managing director Mark Burgess will join ART as a board director and member of the investment committee in mid-2023. ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
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 ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
Industry super defied the odds by growing its asset pool by 14% at the end of 2022 while other sectors contracted. According to APRA's latest statistics, industry super fund assets reported double-digit growth to reach $1.1 trillion compared to the ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
The government will double the concessional tax rate for superannuation balances over $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face ...

What "wealthy" means to Australians: AMP

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... increased from 69 in 1950 to 84 in 2023, adding 15 more years to the post-retirement phase of life. As a result, the need for saving for retirement or provisioning for this extended period has become increasingly important for modern Australians, Salt ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... more financially literate than women (48%), when assessed on five basic financial literacy concepts: earning, spending, saving, borrowing, and protecting, MetLife said. Pointing to statistics from Household, Income and Labour Dynamics in Australia (HILDA) ...