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Showing 1 - 10 of 127 results for "Poorer"

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... people to raid their retirement savings come with long-lasting consequences. "Breaking the seal on super leaves people poorer in retirement and costs every Australian taxpayer more from higher age pension costs," she said. SMC analysis found a 30-year-old ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... their retirement savings to support themselves," Schubert said. "Tragically, that will now leave many people significantly poorer in retirement." Schubert said those withdrawals will also cost the next generation of taxpayers in a case of fiscal long-COVID. ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... 2020, the richest five men in the world have doubled their fortunes, while almost five billion people globally have become poorer, the report states. If current trends continue, the world will see its first trillionaire within a decade. If each of these ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... Institute and Retirement Income Review, higher super contributions are ultimately funded by lower wages, thereby making women poorer before they reach retirement. "Women are also more likely to rely on the Age Pension in retirement, given lower superannuation ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... accountability and transparency," O'Halloran said. Meanwhile, Industry Super Australia (ISA) expressed disappointment that poorer performing Choice sector will remain "shielded" from assessment, including all products in the deaccumulation phase. ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran said the ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... cold calling advisers who charge up to $6000 "to roll consumers from high performing, low fee profit-to-member funds into poorer performing retail funds." "A typical experience was for a super fund member to be cold called by an intermediary generating ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
ASIC has released two reports on better and poorer practices in wholesale financial markets, encouraging participants in these markets to benchmark themselves against industry standards. Report 741 Conduct risk in wholesale fixed income markets (REP ...

Vanguard unveils positive impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 18 OCT 2022
... needs, healthcare and quality of life, and lifting at is generically call the base of the pyramid - the needs of those poorer communities and lower socio-economic brackets." Baillie Gifford actively manages the portfolio of typically 25 to 50 global ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... manager external affairs, policy and advocacy Jane Rennie welcomed the vote and said that the reforms would have resulted in poorer transparency of investee companies' practices and performance. "Just like company directors, lawmakers must be held ...
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