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Showing 1 - 10 of 1403 results for "Retirement savings"

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... didn't have compulsory super. The research said "alarmingly" 15% of Australians reported they would have no retirement savings at all if they didn't have super. The research found Australians overwhelmingly (87%) see the benefit of the superannuation ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... Australian government has recommended super funds use 'nudging' to help encourage members to engage more with their retirement savings, however new research from Yale University in the US has found the practice doesn't work as well as initially thought. ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs than other product types, APRA said in its newly released package ...

More financially secure women seek advice: Survey

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... retirement, while half said travelling is a priority in their later years. They also intend to live off their retirement savings (39%), not worry about money (36%) and be debt free 33%. "Over the last 12 months, we've invested in a significant amount ...

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... Superannuation Trustees (AIST) estimates menopause is costing Australian women about $17 billion in lost earnings and retirement savings. In November 2023, the Senate referred an inquiry into issues related to menopause and perimenopause to the Senate ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... for house deposits would push up home prices, undermining Australians' home ownership prospects, slash retirement savings, and come at a significant cost to the Budget, according to a Corinna Economic Advisory report by Saul Eslake. In the report ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... dollars - leaving a gap of $145,000. "Paying super on Paid Parental Leave is going to provide a boost to the retirement savings for those receiving the Commonwealth Parental Leave Pay and it will be particularly significant for low paid and vulnerable ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... pay cycle, as opposed to quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... collaboration with ASFA's membership base, the initiative represents a united effort to protect Australia's retirement savings from increasingly sophisticated cybercrime and fraud-related risks, ASFA said. "Superannuation is the cornerstone of financial ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... lost super accounts, 192,000 of which belong to uncontactable members. In total they hold $11.8 billion in retirement savings. Of these, 55% of the accounts belong to men and 39% belong to women. By value, 59% of the total lost assets belong to men ...
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