Two-thirds of retirees are drawing more money from their superannuation (super) funds than they are required to and most exhaust all their super savings by the end of their lives, indicates new research from the Super Members Council of Australia (SMC).
New figures show Australia's road toll continues to climb, with 1,257 deaths on the roads in the year to 31 January 2024 -- up 5.4% on the same period a year ago.
The insurance market is among three economic sectors expected to grant the highest pay increase of 4.2% this year, according to a survey by WTW, a leading global advisory, broking and solutions company.
Australian Gen Z women are more likely than Gen Z men to feel stressed and overwhelmed by finances and money, according to research released by ASIC's Moneysmart.
Sydney-headquartered global insurer QBE Insurance Group more than doubled its profit for 2023, boosted by higher premium income, according to financial statements released by the company.
The Actuaries Institute has identified barriers that must be overcome as the focus of superannuation policy development moves more strongly to support Australians in their retirement.
The Financial Advice Association of Australia (FAAA) has highlighted the need for a broad initiative to increase financial knowledge across the Australian population, including at school, and specific initiatives to support those preparing for retirement.
There has been a significant increase in investments in cyber defences by Australian businesses to enhance their cyber security infrastructure according to a new survey.
Home and motor insurance costs in Australia in 2023 grew at their fastest pace since March 2001 surging 16.2% according to the Australian Bureau of Statistics (ABS). The ABS data shows that insurance inflation outpaced the 4.1% annual rise in the Consumer Price Index (CPI).
A new taskforce will work with people living with disability to ensure provider and worker registrations lead to better outcomes for National Disability Insurance Scheme (NDIS) participants, Minister for the NDIS, Mr Bill Shorten has announced.