Australians’ superannuation savings are falling short of retirement expectations, new research has highlighted. And nearly one in two Australians do not know how much they pay in superannuation fees, according to research from superannuation and investments company Vanguard. WATCH THE VIDEO ABOVE: Aussie super savings falling short. Newsletters: Breaking news as it happens. Subscribe now … Read more
The Australian retirement age has been “steadily increasing” over the past two decades, but a plateau uncovered in the latest retirement data shows the nation’s ageing population have reached their limit for now. Both men and women are now expected to retire at the oldest age on average since the early 1970s, accounting giant KPMG … Read more
As the cost of living continues to climb, so too does the price of a comfortable retirement with the savings needed to retire hitting “a new record high,” according to the latest Retirement Standard released by The Association of Superannuation Funds of Australia (ASFA). To live “comfortably” — that is, above the standard that an … Read more
Australia’s top-performing balanced superannuation funds for the last financial year have been revealed, according to new research. Members in six of the best-performing funds achieved double-digit returns in the year to June 30, research house SuperRatings says. WATCH THE VIDEO ABOVE: Nine commonly overlooked tax deductions. The consultancy firm named ESSSuper, Vision Super and Brighter … Read more
The amount of money Aussies will need to retire to maintain their living standards has increased by as much as 8 per cent. According to the latest figures from Super Consumers Australia, an independent organisation that has partnered with CHOICE, its revised retirement targets reflect cost of living increases and higher rates of the Age … Read more
Almost 100 superannuation funds have failed a performance test set by Australia’s industry regulator and which assesses earnings and fees. Members of 96 trustee-directed superannuation products will be contacted in coming weeks after their funds fell short in the expanded Your Future, Your Super performance test imposed by the Australian Prudential Regulation Authority (APRA). The … Read more
The corporate watchdog has launched legal action against Australia’s biggest superannuation fund for failing to consolidate the accounts of 90,000 members, costing the people affected $69 million. The Australian Securities and Investments Commission claims AustralianSuper failed to identify members who had multiple accounts and merge them for almost 10 years. The fund then charged fees … Read more
Australians are being reminded to check their superannuation funds to ensure they are maximising results, as experts reveal their best picks for consumers. Comparison site Finder has shared the winners of its super fund awards for 2023, naming the best of the bunch for key categories including low-fee funds, balanced funds, conservative funds and high-growth … Read more
