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Showing 1021 - 1030 of 1381 results for "Retirement Income"

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... proponents of developing a more sophisticated retirementA income space. So far the default answer to the problem of retirement income has been the allocated pension which is the accumulation phase in reverse. Superannuants remain individual investors ...

Retiree 4pct drawdown limits too high

ALEX DUNNIN  |  TUESDAY, 11 MAR 2014
... New research released by the Financial Services Institute of Australia (Finsia) reveals that the standard 4% retirement income drawdown may be too high and inadvertently result in retirement funds running out too quickly. The research is detailed in ...

Industry overestimates amount needed for retirement

MARK SMITH  |  THURSDAY, 6 MAR 2014
... the total amount of savings required to fund retirement is to first apply a generic replacement rate to pre-retirement income, such as 80%, to get the desired retirement income need. That need is then assumed to increase annually at the rate of inflation ...

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
... challenge of efficiently regulating the self-managed superannuation sector, according to Challenger's chairman of retirement income Jeremy Cooper. Cooper said that, contrary to perceptions that it is out of its depth in this burgeoning sector, the ATO ...

Challenger reports record annuities sales

JAMES FERNYHOUGH  |  TUESDAY, 18 FEB 2014
... the prudential regulator's requirements. Looking forward, Benari focused on the government's planned review of retirement income, including the role of deferred lifetime annuities (DLAs). He said Challenger would recommend that the government extend ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... Actuaries Institute also recommended bringing deferred lifetime annuities under the same tax regime as other post-retirement income products. The submission referred to Assistant Treasurer Arthur Sinodinos' plan to conduct a broad review into the regulation ...

SPAA urges concessional cap rethink

MARK SMITH  |  FRIDAY, 14 FEB 2014
... superannuation tax concessions, SPAA advocates that its fiscal cost be considered in the context of the three pillar retirement income system to accurately reflect the long-term nature of superannuation. "SPAA has previously argued that the Treasury ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
... guiding philosophy underpinning self-managed super is that trustees/members take responsibility for their own retirement income outcomes." Recently Sinodinos, said that the SMSF sector needed to be "self-reliant." Slattery, in addressing the issue of ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... Australia (ASFA) has called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities (DLAs). In December last year, the minister ...

ISA pushes for full transparency

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
... superannuation industry holds assets worth more than the nation's GDP and is of vital importance to Australia's future retirement income and investment," Whiteley said. "The industry benefits from significant mandates and tax concessions and should appropriately ...