Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 65 results for "Retirement Standard"

ASFA outlines spending needs of nonagenarians

MARK SMITH  |  WEDNESDAY, 14 JAN 2015
The 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 ...

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 ...

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... member's projected retirement income with the Association of Superannuation Funds of Australia (ASFA) Comfortable Retirement Standard, currently $57,665 per annum for a retired Australian couple. "We are finding that readiness varies a lot between funds ...

Mercer launches retirement adequacy index

JAMES FERNYHOUGH  |  FRIDAY, 11 APR 2014
... Retirement Readiness Index (RRI) compares a members' projected retirement income against the ASFA Comfortable Retirement Standard, which currently stands at $57,665 per annum for a retired couple. It converts the estimated super balance at retirement ...

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 ...

Medical charges put pressure on retiree living costs

ALICE URIBE  |  FRIDAY, 16 AUG 2013
... the cost of living for retirees according to the latest Australian Superannuation Funds of Australia (ASFA) Retirement Standard figures. The figured for the June quarter 2013 revealed that a couple looking to achieve a comfortable retirement would require ...

ASFA: Retirement costs remain steady

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
... marginally down, according to new figures released by the Association of Superannuation Funds of Australia Retirement Standard. The new figures show that retired couples looking to achieve a comfortable living standard in their post-work years need a ...

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) ...

Cost of living outpacing retirement incomes

ELISE BURGESS  |  FRIDAY, 15 JUL 2011
... quarter this year from the December quarter 2010, according to the Association of Super Funds Australia (ASFA) Retirement Standard figures. Figures show that a retired couple will need to spend $54,562 a year to live comfortably, but a couple prepared ...