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Showing 91 - 100 of 178 results for "Social security"

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH | TUESDAY, 2 DEC 2014

... valuable, will only apply going forward, and will not result in existing holders of the annuity having to repay social security debt. A spokesperson for the DSS told Financial Standard: "The Department of Social Services has reviewed the product and ...

Challenger Care Annuity sales suspended

JAMES FERNYHOUGH | FRIDAY, 28 NOV 2014

... of its Care Annuity product and will pursue legal avenues after the government announced it would reassess the social security treatment of investors in the annuity. The Department of Social Services (DSS) informed Challenger that the Care Annuity, which ...

AMP to enter Chinese pension market

JAMES FERNYHOUGH | FRIDAY, 31 OCT 2014

... growth for China Life Group's business development strategy and provide a significant contribution to the Chinese social security system."

US private sector super coverage just 50pct

ALEX DUNNIN | MONDAY, 13 OCT 2014

... component of the US retirement system. Nevertheless, as is the case in Australia, for workers with low lifetime income Social Security provides the bulk of retirement resources. The ICI said makes it imperative the Social Security system and its fiscal ...

Insurance through super saves $403 million

STAFF WRITER | FRIDAY, 29 AUG 2014

Insurance provided to people through their superannuation reduces the annual cost to government of social security by about $403 million, according to new research commissioned by the Association of Superannuation Funds of Australia (ASFA). These savings ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH | WEDNESDAY, 27 AUG 2014

... their lives." He claimed that compulsory annuitisation would "reduce living standards in retirement and add to social security costs," adding: "It's not the solution." He also said that annuities are not attractive because they are invested in "poor ...

A sign from the holy spirit?

BENJAMIN ONG | FRIDAY, 11 JUL 2014

... is "expressing a reservation on the quality of data reported by Greece, due to uncertainties on the surplus of social security funds for 2009, on the classification of some public entities and on the recording of off-market swaps." Just as today there ...

New laws bring aged care advice into the spotlight

LAURA MILLAN | MONDAY, 7 JUL 2014

... reducing thresholds on many benefits. This has boosted the demand for funeral bonds, which are exempt from the social security assets and income test up to the $12,000 threshold. "For an individual subject to the Assets Test, a funeral bond could increase ...

Budget forces advisers to rethink tax, retirement strategies

LAURA MILLAN | TUESDAY, 13 MAY 2014

... kept its promise not to make changes to superannuation. However, the 2014 budget brings significant changes to social security, aged care and the Age Pension indexation. "Advisers will have to do some strategy and some planning with their younger advisers ...

CFS awarded 'Best Platform Overall'

STAFF WRITER | TUESDAY, 13 MAY 2014

... perspective, the need for great advice has never been stronger. Australia has a complicated superannuation, taxation, and social security system which is almost impossible for individual investors to navigate without assistance," Elkins said. Colonial ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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