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| | | ... the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national incomes per adult ... |
| | | | ... Hostplus have six AAA-rated products. Meanwhile, Aware Super, Commonwealth Superannuation Corporation and UniSuper each have five top-rated offerings. Australian Retirement Trust, AustralianSuper, Cbus, Mercer Super Trust, Rest Super, Super SA, and VicSuper ... |
| | | | Active Super has topped the list for best performing workplace MySuper option in the three years to February end, with a 7.1% per annum return. Mine Super High Growth and TelstraSuper Corporate Plus came in second, tying with returns of 6.9% p.a. followed ... |
| | | | ... up as a "a taxpayer-funded inheritance scheme". Grattan calculates that nearly 90% of super tax breaks are enjoyed by the top 20% wealthiest retirees. Super tax breaks amount to about $45 billion per year. The modelling put forth shows several areas ... |
| | | | ... to this new tax for reasons of fairness, equity, and avoiding unintended consequences; unrealised capital gains are at the top of the list. Burgess highlighted that including unrealised gains "unfairly targets" SMSFs, considering their exposure to direct ... |
| | | | Gold Coast-based financial adviser Jeneve Matai has been banned from providing financial services for four years. Matai, an authorised representative and financial adviser of National Advice Solutions, was banned by ASIC in December last year for failing ... |
| | | | ... shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension ... |
| | | | ... product names across the income protection (IP) range to increase clarity for both customers and advisers. Clients on the top level of IP cover will now also be paid 70% of pre-disability income until their cover expires, meaning 70% of clients can continue ... |
| | | | A $25 billion industry super fund has claimed consecutive top customer experience awards from Customer Service Benchmarking Australia (CSBA). Spirit Super ranked first again in CSBA's SenseCX benchmarking report, which evaluates ease, sentiment ... |
| | | | For most of us, women's reproductive concerns remain taboo in the workplace. However, with menopause estimated to be robbing women of at least $17 billion in retirement, calls for mandated menopause leave are growing. It's commonly accepted ... |
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