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Search ResultsShowing 1 - 10 of 100+ results for "ASFA"
SG does wonders for households: Research
JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... superannuation system, according to new research. The latest report from the Association of Superannuation Funds of Australia (ASFA) estimates compulsory super has added $500 billion to Australian households' savings that they would otherwise be without. ...
Merging super funds guaranteed tax relief
HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... improving both. Fahy welcomed the permanent tax relief, and said it had been in the association's sights for some time. "ASFA has, over a long period, highlighted the absence of ongoing tax relief for mergers as a barrier to fund consolidation, and welcomed ...
Government delays RC implementation timeline
HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... sensible deferral by Government will ensure funds can continue to focus on supporting the immediate needs of their members," ASFA said. "Maintaining the stability of the superannuation system over the course of the pandemic has been paramount, especially ...
How early release impacts the ASX
ALLY SELBY  |  THURSDAY, 7 MAY 2020
... the -21% ASX fall (the difference largely due fees), I'd say the equilibrium has been maintained," he said. According to ASFA, equity market capitalisation on the ASX was $2,118,340 million at the end of December 2019. By the end of March, this had dropped ...
Super fund warns self-employed of early release risks
ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... has warned its members about the downside of accessing super early if they are left unemployed as a result of COVID-19. ASFA research shows that 20% of self-employed people have no super savings at all and retire with 50% less super than those who are ...
Grattan calls for lower super fees
HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... reduction in fees charged to super members would be more impactful than an uplift in the superannuation guarantee, and that ASFA's comfortable retirement standard was not suitable for most Australians. In its submission, the researcher said a reduction ...
Industry-made retirement models are self-serving: SCA
ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... recommendations. SCA said the set of budget standards that were set by the Association of Superannuation Funds Australia (ASFA) are not reliable and overstates how much a person needs for a comfortable retirement. "The reliance on the ASFA standards ...
Freedom Insurance appoints liquidators
KANIKA SOOD  |  MONDAY, 24 FEB 2020
... syndrome. In November, it hired as its chair Vamos, former chief executive of Association of Superannuation Funds of Australia (ASFA). In December that year, it cut its life insurance business after a Deloitte review said it could face a liquidity shortfall ...
AustralianSuper SG modelling paints dismal picture
KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... new starter and older member) at the current 9.5% SG and if it rises to the planned 12%. The comparison benchmark was the ASFA Retirement Standard, which set $545,000 as the lump sum required for a comfortable retirement. Of the four cameos, none would ...
Costs spiral for baby boomers
ALLY SELBY  |  TUESDAY, 18 FEB 2020
... comfortably, and they have the drought and rising house prices to blame. The Association of Superannuation Funds of Australia (ASFA) found that over the year to the December quarter, costs were up around 2.1% for retiree couples, compared to 1.8% for ...
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