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Showing 1 - 10 of 272 results for "Retirement System"

More guidance crucial for aged care transitions: AMP

MATTHEW WAI  |  MONDAY, 25 NOV 2024
... advice is central to building this confidence, and in helping demystify the nuances and complexities of the retirement system. "The onus is also on the financial services industry to develop new and innovative retirement solutions which provide greater ...

Coalition urges super funds to push for QAR reforms

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... use it as a savings vehicle, enabling to save for a home deposit. "Superannuation is an important part of the retirement system, but it's not the entire retirement system. Home ownership is extremely important to deliver better retirement outcomes ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... in home ownership has profound implications for Australia's aspirational character and the costs of its retirement system. He said the challenge is complex and there is no silver bullet. However, his remarks about making it easier for Australians ...

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 ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... "It is unacceptable that vulnerable women and care workers continue to be victims of systemic issues in our retirement system," Kowalczyk said. "These longstanding, feminised issues cannot continue to be steady leaks in our retirement system." The new ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... on time and in full." "Unpaid super locks too many Australians out of the full transformative benefits of the retirement system and leaves people poorer when they retire. A unified push is needed to stamp it out." Over the last nine years, Australians ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... all South Africans and reduce the financial vulnerability affecting many individuals and households, the new retirement system offers protection and dignity to those who need it the most to overcome financial stress," he said. Currently, South Africa's ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... alike," Schubert said. "Unpaid super locks too many Australians out of the full transformative benefits of the retirement system and leaves people poorer when they retire. A unified push is needed to stamp it out. "Legislation to pay super on payday ...

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... contributions from those with substantial superannuation balances can help foster a more balanced and equitable retirement system. "Division 296 and Division 293 aren't just measures aimed removing tax concessions for those with high super balances - ...
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