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Retirement spending declines faster than believed: ResearchBY KANIKA SOOD | TUESDAY, 1 MAY 2018 12:43PM
Spending by retiree couples falls much faster as retirement progresses than traditionally believed, calling for a change in how retirement products are designed.
Read more: Retirement, Milliman, CPI, Research, ASFA, Grattan Institute, Jeff Gebler, Association of Superannuation Funds of Australia, Martin Fahy, Melbourne Mercer Global Pension Index, Organisation for Economic Co-operation
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
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