Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 1391 results for "Save"

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
... Bullock outlined there are three monetary policy channels and the channel that most effects over-65s is the incentive to save when rates are higher, which largely impacts people who don't have debts. "In general terms, government policies can impact ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... $32,915. Crucially, both budgets assume retirees own their homes outright and are in relatively good health. Couples need to save $690,000 by age 67 to enjoy a comfortable retirement, while singles need $595,000. A modest retirement requires both couples ...

abrdn global chief executive steps down

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... numerous upheavals in recent years under Bird's remit. Early this year, Bird announced he will cut 10% of the workforce to save $290 million (£150m) by the end of 2025. Last year, abrdn overhauled its local business, terminating five funds in a ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... compared to what the models suggested, based on household disposable income forecasts. "Currently households are choosing to save, rather than spend, with the opportunity cost of not saving currently elevated due to high interest rates," Allen said. ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
... inequality fell across the pandemic period, but that it is on the rise again. "Some lower-income Australians were able to save or reduce debt due to early government support. And although house prices soared during the pandemic period, the strongest ...

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
The California State Teachers' Retirement System (CalSTRS) has named a chief investment officer to succeed Christopher Ailman, who announced his retirement in January after a long tenure. Scott Chan, who's served as deputy chief investment officer since ...

Budget 2024: The Budget by numbers

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... the more than one trillion we inherited - meaning debt is $152 billion lower," Chalmers said. "A stronger Budget means we save around $80 billion in interest costs over the decade. These are the dividends of our responsible economic management." In addition ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey. An overwhelming number of participants in the 2024 ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
The Senate Economics Committee has handed down its Interim Report into existing and proposed super for housing policies. Chair of the Senate Economics Committee Senator Andrew Bragg said the Inquiry was recalibrated to assess how policy could improve ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... industry representing $800 billion in total assets, indicated that in superannuation terms, a new worker aged 25 starting to save could face a financial disparity of $500,000 by retirement due to poor investment governance. However, on a more positive ...
PREVIOUS
NEXT