Results for tag: "Superannuation"

The Superannuation market is a subset of the broader pensions market, which provides retirement income for individuals. Superannuation is a form of long-term savings, typically provided by employers, which is invested to provide a retirement income. It is a tax-effective way of saving for retirement, as contributions are taxed at a lower rate than income. Superannuation funds are managed by trustees, who are responsible for investing the funds and ensuring that members’ interests are protected. Superannuation funds are regulated by the Australian Prudential Regulation Authority (APRA), which sets standards for the management of funds and ensures that they are operated in the best interests of members. Superannuation funds are also subject to the Superannuation Guarantee (SG) legislation, which requires employers to make minimum contributions to their employees’ superannuation accounts. Some of the companies in the Superannuation market include AMP, BT Financial Group, Colonial First State, HESTA, Hostplus, MLC, QSuper, Sunsuper, and UniSuper. Show Less Read more