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Showing 1011 - 1020 of 1381 results for "Retirement Income"

Low income retirees to feel budget pain

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
... to make up the difference elsewhere. This will increase the pressure on super funds to develop more efficient retirement income products. Vamos also warned super funds that the deficit levy would mean the marginal tax rate would rise by 2%. This, she ...

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
... "missed opportunity to find small innovative solutions," saying the changes could result in a 25% decrease in retirement income for many Australians. He said the changes to the Age Pension eligibility age and the introduction of indexation to inflation ...

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
... severely challenging the ability of the superannuation system he helped design in the early 1980s to provide retirement income adequacy for elderly Australians. He said the options for the government to do this are to either introduce an additional superannuation ...

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... Institute of Superannuation Trustees (AIST) admitted the need to improve the long-term sustainability of Australia's retirement income system, but cautioned the government about the risks of considering changes in isolation. "Until we have a considered ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... you're not bogged down in as much regulation as there is in the US. "It could become the Australian model of retirement income." He illustrated the current state of affairs where people have no longevity insurance with the following parable. "Imagine ...

Mercer launches retirement adequacy index

JAMES FERNYHOUGH  |  FRIDAY, 11 APR 2014
... track for a comfortable retirement. The Mercer 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 ...

Plato partners Milliman to offer retiree income solution

MARK SMITH  |  FRIDAY, 4 APR 2014
... coming weeks to discuss these issues and some of the strategies that Plato is implementing to deliver sustainable retirement income.

Less than 15% meet ASFA standard of retirement savings

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... Household, Income and Labour Dynamics in 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 ...

Murray inquiry initial submissions due today

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... date. The Actuaries Institute asked for "significant policy changes" so that Australia's financial sector and retirement income system can cope with the ageing population. The organisation highlighted in its submission that "Australia faces a sharply ...

QSuper unveils 'industry first' lifecycle product

JAMES FERNYHOUGH  |  THURSDAY, 27 MAR 2014
... balance. The fund said the investment strategies for each group would take into account the median projected retirement income (including age pension entitlements), salary and contribution rates and retirement date. QSuper chief executive Rosmary Vilgan ...