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Showing 71 - 80 of 350 results for "US Government"

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
Treasurer Joe Hockey has confirmed that he plans to raise the Age Pension eligibility age to 70 by 2035 in the upcoming Budget. Confirmation came in an interview with Alan Jones on 2GB radio in which the two men were discussing the Commission of Audit's ...

Market wrap

AAP  |  TUESDAY, 15 APR 2014
... Dow Jones Industrial Average jumped 146.49 points, or 0.91 per cent, to 16,173.24 points. The gains came after the US government reported that US March retail sales jumped 1.1 per cent, which was better than expected. Citigroup's first-quarter earnings ...

Market Wrap AM

AAP  |  TUESDAY, 1 APR 2014
The Australian market looks set to open flat despite strong gains on Wall Street after Federal Reserve chair Janet Yellen was dovish about the US economy's recovery. At 0855 AEDT on Tuesday, the June share price index futures contract was up four points ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...

Industry overestimates amount needed for retirement

MARK SMITH  |  THURSDAY, 6 MAR 2014
... retirement is much lower than the global pension industry currently estimates, research from Morningstar shows. Using US government data and a "fairly simple" market and mortality model, the investment researcher put commonly held assumptions about replacement ...

PROFILE: Assistant Treasurer Arthur Sinodinos

ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
A career in the public and private sector has set the Assistant Treasurer Arthur Sinodinos in good stead for his challenge to change the financial services sector. Alice Uribe reports. By his own admission, politics was not always on the cards for Senator ...

Market Wrap AM

AAP  |  FRIDAY, 7 FEB 2014
... bargain-buying but sentiment remains weak following a recent global sell-off, with investors sidelined before the release of US government jobs data. Wall Street provided a tepid lead on Thursday and the dollar was slightly lower against the yen after ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
The Association of Superannuation Funds of Australia (ASFA) has called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities ...

Obama launches myRA

ALEX DUNNIN  |  MONDAY, 3 FEB 2014
... IRAs, Roth IRAs and 401(k) schemes. But myRA will be centrally managed by a private sector operator chosen by the US government. Media reports say up to 30 are already being considered. Obama said he hoped the myRA scheme that will be low cost, capital ...

Government releases FoFA draft legislation

ALICE URIBE  |  WEDNESDAY, 29 JAN 2014
As part of its move the wind back the former government's Future of Financial Advice (FoFA) reforms, Assistant Treasurer Arthur Sinodinos has released a set of draft regulations and legislation for consultation. The draft legislative amendments and ...