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Showing 91 - 100 of 1095 results for "retirees"

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... Aged Pension," Australia Institute executive director Richard Denniss said. "This data shows the idea of "self-funded" retirees is a misnomer. There are now two classes of state-funded retirees in Australia, both costing the taxpayer roughly the same ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... objective of Australia's retirement income system, encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation of super in Australia is complex and inequitable ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... compulsory superannuation has numerous benefits for Australians, the JAWG warned without policy improvements, only a third of retirees will receive financial advice in the next decade. Further, the number of financial advisers in Australia has declined ...

Skill shortage to continue to cost Aussie companies

CASSANDRA BALDINI  |  MONDAY, 30 JAN 2023
... solution for 20% of respondents. Only 4% of leaders point to hiring remote talent, only 5% prefer initiatives to entice retirees back into the workforce while only 3% of employers identify encouraging Indigenous people, people with disabilities and those ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
If the current high levels of inflation continue for years rather than months, many retirees could be facing some difficult spending choices, says Challenger. A new report, entitled Innovations to manage inflation risks, highlights the need for financial ...

Managed accounts growth to continue: State Street

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... clients, Schaffer highlighted a third of advisers are using managed accounts for SMSF clients and close to 40% use them for retirees. However, there is a change in demographics, with a third of managed account users explaining these structures are now ...

Pre-retirees want, need financial advice: Fidelity

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
Pre-retirees are increasingly interested in receiving financial advice, according to a retirement planning study by Fidelity International. Fidelity's New Life Old Life report shows that 80% of pre-retirees currently receive advice, have received ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... Elkins said with global recession looking more likely in 2023, volatility looks the order of the day for share markets. "Retirees who may have switched their investments into higher growth options or shares to try to replace the returns they have lost ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. Since its launch in 2019, Pension Boost has originated around ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
The Quality of Advice Review's (QAR) proposals will help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC) ...