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Showing 1 - 10 of 281 results for %22Retirement Framework%22

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

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... 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 note, 62% of those surveyed believe that strong investment governance ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... their super." Vanguard recently launched its pension products - account-based pension SpendSmart and transition to retirement option TransitionSmart.

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
... objective, which would bridge an understanding gap that has led to policy uncertainty, misguided proposals, and reduced retirement savings, ultimately placing a greater burden on taxpayers. "The Objective of Superannuation will importantly benefit and ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... amendments are consistent with the government's proposed objective of superannuation, to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The SMSF Association (SMSFA) slammed the proposed ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... is on improving member outcomes through an enduring test that supports and incentivises trustees to achieve the best retirement outcomes for their members. The first option, maintaining the status quo, suggests refining the current test's methodology ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... where artificial intelligence (AI) can play a role are some examples. "Increased competition, the need to focus on retirement, and the likelihood that funds are going to [provide] more advice are causing funds to say, 'well, what are the capabilities ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... AustralianSuper has urged for an 'account for life' superannuation reform to Treasury, in a bid to deliver a visionary retirement system. The super fund also advocated for the automation of Age Pension applications, a move that would enable an integration ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
Opening up superannuation funds to more comprehensive financial advice could help solve some of the retirement income challenges Australians face, according to the Actuaries Institute. In its submission to the Retirement Phase of Superannuation consultation ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... example, had as much as $2.5 million in Honeywell, $1 million in Lockheed and as little as $60,000 in Elbit. Australian Retirement Trust, Equip Super and Catholic Super, Mine Super and TWUSUPER all had holdings in three or more of the five companies. ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... requirements. "We've reviewed our processes and acted to further strengthen the protection of our members' data and retirement savings. We've had multifactor authentication for a very long time and have now implemented enhanced cyber controls across ...
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