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Showing 911 - 920 of 10916 results for "Government"

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... inflation while a user is in the retirement phase," ASIC said. ASIC aligns its default inflation rates with the federal government's 2023 Intergenerational Report (IGR), Retirement Income Review, and current midpoint of the Reserve Bank of Australia's ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... from July 2025. With the nation's annual aged care expenses predicted to hit $42 billion by 2026-27, the federal government is looking to prop up the industry, with minister for aged care Anika Wells introducing the Aged Care Bill 2024 to parliament ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... 0.3%, and falling short of projections. ECB president Christine Lagarde said growth stemmed mainly from net exports and government spending. "Private domestic demand weakened as households consumed less, firms cut down business investment and housing ...

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
... are contributing to the retirement income challenge and the solution will also be multifaceted," he said. "Continued government action is certainly part of the solution and hopefully, we are now seeing real momentum to effect positive change. Greater ...

AI could see emerging markets flourish: Experts

MATTHEW WAI  |  THURSDAY, 12 SEP 2024
Although the emerging markets have been on the backfoot in recent years, they are beginning to gain ground again with institutional investors, an expert from Janus Henderson Investors noted, underpinned by the rise of artificial intelligence. Institutional ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance policies, looking ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... parental leave legislation to let parents opt for a one-off cash payment instead of superannuation contributions on government-funded paid parental leave. A joint statement from deputy leader of the opposition Sussan Ley, shadow treasurer Angus Taylor ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... Superannuation (Objective) Bill enshrines the goal to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way. "The objective will provide a shared understanding of superannuation ...

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... documents are informed by feedback received during our complaint handling process with our stakeholders, including government, regulators, financial firms and industry associations," it added. AFCA's draft Approach to sections 29(6) and 29(7) of the ...

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... its Treasury Bills benchmark - a measure based on the rolling yield of 90-day Treasury Bills, reflecting the cost of government borrowing - by 9.3%. It has outperformed this benchmark by 6.5% per annum or $50.1 billion since its inception. The fund ...