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Showing 11 - 20 of 22 results for "ASFA Retirement Standard"

UniSuper develops personalised retirement benchmark

KERRIE SYDEE  |  FRIDAY, 29 JUL 2016
... tracking towards their retirement goals. While superannuation funds have traditionally relied on the ASFA retirement standard to benchmark how members are tracking, UniSuper's retirement adequacy index uses salary based targets to determine more individually ...

Women own less than 40% of super assets: ASFA

DARREN SNYDER  |  TUESDAY, 8 DEC 2015
... times the average balances of $20,000 for men and $14,000 for women two years earlier. According to the ASFA Retirement Standard, a single person will need a minimum of $545,000 in superannuation at retirement to live a comfortable lifestyle. This is ...

Retiring 'comfortably may require 3 income building blocks: Legg Mason

PROMOTED BY LEGG MASON  |  TUESDAY, 21 JUL 2015
... couple fully invested in such products will need at least $1.851 million to live comfortably, based on the ASFA retirement standard of $58,4442. For those with a more modest nest egg the simple way to retire comfortably would be to invest in higher income ...

ASFA outlines spending needs of nonagenarians

MARK SMITH  |  WEDNESDAY, 14 JAN 2015
... Association of Superannuation Funds of Australia (ASFA) has developed a new retirement standard, the ASFA Retirement Standard for Older Retirees, which outlines the expenditure required for Australians aged 90-95 to maintain a comfortable or modest lifestyle ...

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... average) and ensuring that at least 50% of Australians in retirement meet the 'comfortable' level of the ASFA Retirement Standard ($42,433 per annum). "Setting clear and measurable goals that the system can be measured against will give governments ...

Less than 15% meet ASFA standard of retirement savings

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... Australia (HILDA) Survey are on track to have a comfortable level of retirement income as set by the ASFA Retirement Standard. However, if non-super retirement savings are excluded, the levels drop to 32% of couples and 11% of singles. If the age pension ...

ASFA: Retirement costs remain steady

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
... retiree households on average have somewhat different spending patterns to the rest of the population. The ASFA Retirement Standard benchmarks the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work ...

ASFA: Retirement costs on the rise

RACHEL DAVIS  |  TUESDAY, 15 NOV 2011
... 'modest' retirement lifestyle need to spend $31,767 a year, according to new figures released today for the ASFA Retirement Standard. The updated figures follow the trend of the last several quarters as the amount needed by retirees to fund their post-work ...

Age Pension must be factored into retirement income

RACHEL DAVIS  |  TUESDAY, 8 NOV 2011
... each year from their superannuation savings to maintain a 'modest' standard of living as defined by the ASFA Retirement Standard, which is $22,000 per year for a single person. The current full age pension sits at $19,468 per year (including the supplements) ...

Retiree living costs fall despite CPI jump

NEWS RELEASE  |  TUESDAY, 12 OCT 2010
... comfortably in retirement fell by 0.2 per cent in the June quarter of 2010, figures from the latest Westpac ASFA Retirement Standard show. According to the report, a couple looking to achieve a comfortable retirement needs to spend $53,456 a year, while ...