Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 941 - 950 of 8317 results for "Retire"

Shifting retirement intentions require super rule change: ASFA

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... those aged between 65 and 69, who are currently employed (32% of the full cohort), around 70% have a specific intention to retire. Only a substantial minority of those do not intend to retire (3%) or are unsure if they will retire (6%). To support these ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
ESSSuper is moving members in its default investment option to the newly launched Balanced Growth Managed option. Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
The Australian Council of Trade Unions (ACTU) has criticised comments made by shadow treasurer Angus Taylor, claiming they reveal the "Coalition's dream of dismantling super." In a speech at the University of Sydney on Wednesday, Taylor said a collapse ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
The number of mandates awarded by not-for-profit (NFP) super funds and investment managers has spiralled into freefall, according to the latest Rainmaker Information research. NFP super funds and investment managers made 76 mandate appointments in the ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
AMP has given a positive Q3 market update with its platforms business seeing $750 million in net cashflows, up 76%. In addition, MyNorth inflows from independent financial advisers were up 47% for the quarter to $832 million. This has brought platform ...

Australia's retirement system slides down rankings

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
Australia no longer has the top ranking retirement system in Asia Pacific and has also slid down the ranks globally, with experts saying it's the result of a lack of focus. According to the 16 th annual Mercer CFA Institute Global Pension Index ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... they pay affects their balance. "The amount being paid in fees can make a big difference to how much you have when you retire. That's why it's so important Australians are given all the information they need to make fully informed decisions and are able ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... have worse retirement outcomes than men and Delahunty said this latest proposal would only heighten that. "Women already retire, on average, with around 25% less super than men, with time taken out to care for children and other family members significantly ...

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Nest, the UK's largest defined contribution workplace pension scheme by members, will work with WTW and Hymans Robertson to develop a retirement offering. It's estimated that in the coming years one in three UK workers will have pension savings with ...

Super Members Council names deputy chief

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2024
Following a promotion, Georgia Brumby is now deputy chief executive of Super Members Council (SMC). Brumby has been appointed to the role with immediate effect. She has served as executive general manager, advocacy since SMC's creation in October last ...