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| | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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) ... |
| | | | Australia has been the best performing equities market globally over the last 123 years, according to the latest Credit Suisse Global Investment Returns Yearbook. Published in collaboration with London Business School, the report covers all main asset ... |
| | | | At the Australian Superannuation Funds of Australia (ASFA) conference, shadow treasurer Angus Taylor said the stability and certainty of Australia's superannuation system is at risk. The purpose of super is to take pressure off the budget, not supplement ... |
| | | | Australia's sustainable pension expenditure stands out from other advanced economies' retirement income systems, an ASFA report says. ASFA's Cost of pensions across advanced economies report said Australia's government pension expenditure ... |
| | | | 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 ... |
| | | | The government has released a draft objective for 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 ... |
| | | | BlackRock Australia is reducing fees on two of its iShares ETFs, the iShares Core S&P / ASX200 ETF (IOZ) to 0.05% or five basis points (bps) and iShares Core Composite Bond ETF (IAF) to 0.10% or 10bps. This is a reduction of 44% and 33%, respectively. ... |
| | | | Allianz Retire+ has launched its new retirement income product, designed to enhance the provision of retirement planning for advisers. Allianz Guaranteed Income for Life (AGILE), available in early March, is a next-generation retirement solution delivering ... |
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