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| | | One in two retirees wished they saved more in super or saved earlier in their working life, particularly after belatedly discovering that not everyone can get a full or part pension when in financial strife, a survey found. The Investment Trends 2010 ... |
| | | | ... and 90s and live to be 100." Minister Shorten, himself a former super fund trustee, said poverty rates among Australian retirees are already worse than OECD standards. "We are 26 out of 30 (nations) in terms of incomes of older Australians as a proportion ... |
| | | | ... lifetime income is purchased on a deferred basis, and longevity pooling, tried in Australia and overseas, which allows retirees to contribute to a pool with payments made to those retirees who survive to a given age. On the Australian market, Challenger ... |
| | | | ... will start this year. ASIC will begin shadow shopping research to judge the quality of financial advice being given to retirees, but it said it is not about 'naming and shaming' advisers, but defining good quality advice to give industry guidance. "Around ... |
| | | | ... but there isn't a retirement income policy that pulls all these strands together." O'Neill said that after the GFC many retirees have had to maintain their working lifestyle, with upcoming reforms now threatening to push their retirement age even further. ... |
| | | | ... longevity risk expert said. Andrew Robertson, head of longevity solutions, Macquarie, said that coupled with the fact that retirees are living longer than ever before, the sequence of market returns, rather than average market returns, can define what ... |
| | | | ... Australia, worked for local planning business Bruce McDonald Investment Services when in 2005 he tricked the two self-funded retirees from Walleroo into signing away more than $900,000 of their retirement funds as security for a margin loan facility ... |
| | | | ... marketplace. The PC however said this resistance can be overcome if the government was to institute its own scheme so retirees can deposit the proceeds of the sale of their home into this fund and then draw down the aged care and living costs as required. ... |
| | | | ... Philpot said that while younger clients have more 'automated' finances such as mortgages repayments and superannuation, and retirees are limited by regulations such as contributions caps, it is the wealth builder's demographic that are open to a range ... |
| | | | ... which represents Industry super funds, said. The call coincides with new research from the ISN that found that a third of retirees said that they had insufficient super to make ends meet, half of which are continuing to work in what is supposed to be ... |
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