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Showing 991 - 1000 of 1358 results for "Retiree"

Super fees fall to 1.23%

STAFF WRITER  |  WEDNESDAY, 7 AUG 2013
Super fund fees have fallen to 1.23% but increased to $18.6 billion on the back of rising assets under management, reveals new research from Rainmaker. The researcher has just released their annual superannuation fee report that analysed fees offered ...

Rate cut impacts SMSFs, retirees

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
The Reserve Bank of Australia (RBA) decision to cut the cash rate by 25 basis points may impact self-managed super funds (SMSF) and retirees, meaning that financial advisers may have to work with them to seek other sources of income. Retirees and SMSFs ...

Bank levy upsets senior lobby

JAMES FERNYHOUGH  |  FRIDAY, 2 AUG 2013
Lobby group National Seniors Australia have criticised the government's plan to put a 0.05% levy on bank deposits in 2016, saying it will force pensioners into riskier investment alternatives. National Seniors Australia chief executive Michael O'Neill ...

Mercer calls for a MyPension product

ALICE URIBE  |  THURSDAY, 1 AUG 2013

Financial literacy in retirement a human rights issue: AHRC

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Financial literacy among retirees has become a human rights issue, with the release of a manual aimed at helping people prepare for retirement by the Australian Human Rights Commission (AHRC). The release coincided with a call from National Seniors ...

Super funds urged to rethink 70/30 structure

JAMES FERNYHOUGH  |  TUESDAY, 30 JUL 2013
The standard 70/30 balanced superannuation fund is failing to deliver satisfactory investment outcomes to members in retirement, according to State Street Global Advisors (SSgA). While returns on this sort of fund were almost 15% for the last financial ...

Retirees unlikely to recover GFC losses: Cooper

JAMES FERNYHOUGH  |  MONDAY, 29 JUL 2013
... "They are highly unlikely to ever recover their GFC capital losses," he added. According to research by Challenger, a retiree with a super balance of $400,000 in 2007, drawing around $20,000 a year from an account-based pension, would now have an account ...

Breaking Australia's love affair with the lump sum

JAMES FERNYHOUGH  |  MONDAY, 29 JUL 2013
As the population ages, Australia's three-pillar retirement system will find itself under unprecedented pressure. According to MTAA Super chief executive Leeanne Turner, over the next decade about four million Australians will retire. An integral part ...

Facebook usage in Australia going up

ALEX DUNNIN  |  THURSDAY, 18 JUL 2013
While there are concerns Facebook use in Australia may be slipping, the number of Australians using the social media platform actually jumped 2.75% in May to reach 12.2 million. LinkedIn was ranked a distant second with 3.7 million users and Twitter ...

Dismiss fixed income at your peril

MARK SMITH  |  MONDAY, 8 JUL 2013
Investors, particularly those in or approaching retirement, should be wary of ignoring fixed income and other income producing assets in the 'great rotation' out of cash and into equities, according to Goldman Sachs Asset Management (GSAM) executive ...