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Showing 91 - 100 of 1076 results for %22Age Pension%22

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
... when they die or exit the platform. The Lifetime Income account also qualifies as a lifetime income stream under the Age Pension rules meaning an investment in this solution qualifies for a 40% upfront discount on the Age Pension assets test. The other ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... the research said. "It would also bring other consequences for the government including increased spending on the Age Pension as well as reduced individual savings, which would in turn place increased reliance on government-funded age and health care ...

Australian retirement system given B+

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
Australia's retirement system has been awarded a B+ by Mercer and the CFA Institute in their 2022 Global Pension Index, ranking sixth overall for the second consecutive year. The index covers 44 retirement systems around the world, measuring them on ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
... Covenant's minimum definition of retirement income, being payments a beneficiary receives from their super fund plus Age Pension. Contrastingly, other funds definitions provisioned for the inclusion of additional sources of income. For example, super ...

2022 is the hardest year to retire: Report

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
According to new data, this year could be the most challenging in recent history to retire. Natixis IM shared its annual NIM Global Retirement Index (GRI) data and report named Danger Zone and said market downfall, low rates and inflation are taking ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... enjoy a comfortable retirement from super, and more women than men have super balances so low, they are reliant on the age pension," National Seniors chief executive and director of research John McCallum said. "On just about every score on superannuation ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... the FUMA reduction is driven by a deteriorating market performance of $15.7 billion, net outflows of $2.5 billion and pension payments of $3.0 billion. Directors declared the payment of a final dividend of 11.8 cents per share franked to 100% at 30% ...

Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... $545,000 for singles. For a modest retirement, that budgets for a retirement lifestyle that is slightly above the Age Pension and only allows retirees to afford basic health insurance and infrequent exercise, leisure and social activities, ASFA estimates ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
New data shows that 70% of retirees want Age Pension support from their super fund. Link Group's Retirement Reality: Advice and the Age Pension whitepaper reveals that 74% of women and 67% of men want more support when it comes to the Age Pension ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
... with and account-based pension, the retiree will still have access to funds in retirement. It can also provide an Age Pension boost due to the concessional means test treatment." He added that after meeting with Generation Life, it became clear both ...