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Showing 71 - 80 of 221 results for "Nest"

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... "reckless", arguing the "community can see that from a mile away". "How else do politicians think people are going to rebuild their nest egg and avoid working until they drop?" Dean said. For a 30 year old with a median income, drawing down the full ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... entity. Combined, the charges could carry a maximum penalty of eight years in prison. "Make no mistake. If you try to steal the nest eggs of hard-working Australians, we will find you, and charge you," AFP deputy commissioner Brett Pointing said. "The ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
The UK's National Employment Savings Trust, known as NEST, will immediately shift close to half of its entire portfolio to climate aware strategies and begin divesting from companies involved in thermal coal, oil sands and arctic drilling. NEST ...

Ignorance isn't bliss in super: Research

ALLY SELBY  |  MONDAY, 25 MAY 2020
... found that 67% of those surveyed did not know how their retirement savings were invested within their super, leaving their nest eggs within a fund's default option. Russell Investments also found that only one in five of those surveyed pointed to ...

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... support these individuals who are essentially 'running their own money' and often do not have all the knowhow to protect their nest eggs. "The financial services sector has taken them for granted and often only taken their own industry agendas to regulators," ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... redemption request has been $7200 which suggests people are using their money for specific debts while trying to preserve their nest egg." However, she added that on average members are drawing down about half of their account balance. This is in line ...

Retirees hurt by APRA dividend pressure

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
Self-funded retirees have seen their nest-egg investment assets plunge due to COVID-19 and pressure from APRA on companies to cut dividends has made matters worse, according to Midsec Financial Advice. Midsec director Phillip Middleton said APRA's pressure ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
A debate over the adequacy of the superannuation guarantee has kicked off the Conference of Major Superannuation Funds, which is now being delivered online. Having been called off like many other events thanks to the COVID-19 pandemic, the Australian ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... into your super early, some may want to do so as a savings buffer, but nothing in life is for free and cracking open your nest egg comes at steep cost -it should be treated as a last resort." Senator Jane Hume, Assistant Minister for Superannuation ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... from their retirement, and it is vital they are well informed on the full long-term impact of cracking open their retirement nest egg now may have."