Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1051 - 1060 of 1242 results for "Retirees"

Challenger back in the black, annuity sales trebles

JOHN MCDULING  |  MONDAY, 23 AUG 2010
... even over the longer term," said Dominic Stevens, the group's chief executive. "Capital preservation is paramount for retirees, so their focus has turned to defensive assets like cash, bonds and annuities. With our annuities consistently outperforming ...

Retirees using super for lifestyle, not income streams

ALEX DUNNIN  |  THURSDAY, 19 AUG 2010
Many retirees are unaware of what retirement products are and still see their nest egg's main purpose is to fund lifestyle needs, regardless of the industry-wide trend towards income streaming of retirement payments, reveals new research. The study ...

Election campaign ignores seniors

ALEX DUNNIN  |  TUESDAY, 17 AUG 2010
... targeting swing seats in Queensland and Western Sydney, the National Seniors Australia (NSA), the Association of Independent Retirees (AIR) and the Federation of Ethnic Community Councils (FECCA) said both parties have largely ignored their members' ...

SMSFs carry underlying key person risk: report

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
... 'dominant' trustee. "Current policies have not adequately been directed towards the operational risks associated with SMSFs as retirees' age and are no longer capable of managing their own superannuation funds," said Deborah Ralston, director professor ...

First SG raise costs no more than a cuppa

MEDIA RELEASE  |  FRIDAY, 30 JUL 2010
... about improving the retirement outcomes of all Australians. "It's about strengthening our economy, it's about funding retirees that will support business and it will also boost our national savings pool, which played a key role in ensuring Australia ...

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
... "The OPERS Board of Trustees has been an active participant in securities litigation cases on behalf of our members and retirees," said Ken Thomas, OPERS board chair. William J. Estabrook, executive director of the Ohio Police and Fire Pension Fund said ...

Govt extends drawdown relief for account-based pensions

MICHELLE BALTAZAR  |  THURSDAY, 1 JUL 2010
... relief currently provided for account-based superannuation pensions to the 2010-11 year. Under existing laws, self-funded retirees are required a set minimum payment from their superannuation account-based pension at least once a year, based on age and ...

New benchmarks for better retirement: ASFA

MICHELLE BALTAZAR  |  TUESDAY, 29 JUN 2010
... clothing, household goods and services, recreation (sporting club memberships) and transport. By factoring in these expenses, retirees and future retirees will have to budget around $40,000 a year, a three per cent increase compared to what would have ...

NY fund sues BP over oil spill losses

RUTH LIEW  |  TUESDAY, 29 JUN 2010
... the worst environmental disasters that has rocked the US. "It's my duty to protect the interests of the fund and the retirees and employees who rely on it," DiNapoli said in a statement. "BP misled investors about its safety procedures and its ability ...

Retirees brush off volatility to hold equities long term

RUTH LIEW  |  THURSDAY, 17 JUN 2010
Retirees might want less risk in their investment portfolios, but many tend to brush away recent market fluctuations to maintain a strong bias towards equities, new figures show. When asked whether market fluctuations have meant that retirees prefer ...