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Showing 61 - 70 of 1095 results for "retirees"

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts. Last year, super fund members aged 65 or older owned 40% of Australia's $3.3 trillion in superannuation assets. ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... Adler Freeman & Herz and Console & Associates are already investigating claims on behalf of current and future CalPERS retirees whose information was stolen in the attack, while Console & Associates said it is doing the same for Genworth policyholder ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... systems. CalPERS employs PBI Research Services/Berwyn Group to identify member deaths, ensuring proper payments are made to retirees and their beneficiaries. A breach of PBI's systems on June 6 impacted about 769,000 files on the fund's retired members ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... and has a robust network to support Allianz Retire+'s mission to deliver certainty and flexibility to Australian retirees." At the same time, MLC chief executive Geoff Lloyd, ex-UniSuper chief executive Kevin O'Sullivan, and superannuation specialist ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... of life. "FSC modelling has shown that implementation of the Quality of Advice Review's recommendations would see retirees spending $25 billion extra in retirement by 2060, raising standards of living in retirement and reducing the cost of an aging ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... outcomes. The report highlighted a study conducted in the US which saw advisers pick inflation risk as the biggest threat to retirees over market volatility and longevity risk. "... a result highly likely to be replicated in Australia," it said. Further ...

Generation Life rolls out product enhancements

ANDREW MCKEAN  |  WEDNESDAY, 7 JUN 2023
... on the GBST cloud-based wealth administration platform, Composer. Responding to feedback from financial advisers and retirees, Generation Life has developed a LifeIncome Flex feature that enables retirees to adjust their income during retirement. For ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... stakeholder concerns. She also underscored the significance of franking credits for many Australian shareholders, especially retirees, and urged the government to respect their election promise not to make "major changes" to superannuation and franking ...

Allianz Retire+ strengthens distribution team

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... team. They are committed to working closely with advisers to make next generation retirement solutions available for retirees." "Stephen's decades of experience and deep adviser relationships across the west coast will be welcomed as we continue ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... savings and superannuation balance are insufficient in this economic climate." The ASFA Retirement Standard suggests that retirees need over $500,000 in their super balance, far exceeding the average Australian super balance for early 60s retirees - ...