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| | | 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 ... |
| | | | ... grow as a proportion of the population of older Australians." Meanwhile AIR president, Theresa Kot, said "Self-funded retiree's investments are still tied up [in funds they can't redeem] and recovery from the global financial crisis is slow. Apart from ... |
| | | | A new report has raised concerns about the structure of self managed super funds (SMSF) as trustees potentially become unable to adequately invest and administer their retirement savings as they get older. The Financial Wellbeing in Retirement report ... |
| | | | Employers should not panic about the business costs of the move towards 12 per cent super, with the first rise to cost no more than a cup of coffee a week, according to the Australian Institute of Superannuation Trustees (AIST). Businesses and employment ... |
| | | | ... add a new product line to the income space, working closely with advisers and BT Financial Group to determine what the retiree market is looking for in terms of income and we'll hopefully be structuring a product to fill that," he said. These plans come ... |
| | | | Three Ohio pension funds have won a $840 million settlement from AIG after the insurer agreed to settle claims of accounting violations and stock price manipulation, in the tenth-largest securities class action settlement in U.S. history. Ohio Attorney ... |
| | | | The government has extended the drawdown 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 ... |
| | | | ... require they budget around $53,565 a year for a comfortable retirement lifestyle. The figures in each case assume that the retiree owns their own home and single calculations are based on female figures. The biggest expenses, using figures for single ... |
| | | | The $152 billion New York State Pension Fund is suing British Petroleum over losses from the oil spill disaster. In a press statement, New York state comptroller Thomas P. DiNapoli, the trustee of the NY fund, said he was hiring law firm Cohen Milstein ... |
| | | | ... campaign by the Minerals Council of Australia (MCA) currently showing on national TV, print and on YouTube. One ad titled "A retiree's message to Canberra" even shows an elderly man calling the RSPT a "hand grenade" on his savings. Fiona Reynolds, chief ... |
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