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Showing 1171 - 1180 of 1358 results for "Retiree"

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
CalPERS, one of the largest US pension funds, has filed legal action seeking a judicial review of California's state-imposed furlough program - stating the scheme inhibits the fund's ability to meet its contractual responsibilities. The California Public ...

Investors flock to listed property ETFs

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
The number of State Street Global Advisors' (SSgA) listed property exchange traded fund (ETF) units on issue has nearly quadrupled in 18 months. The number SPDR S&P/ASX 200 Listed Property Fund ETF units rose from just over five million to a touch under ...

Gen Y have unrealistic investment expectations: research

MICHAEL HOBBS  |  TUESDAY, 18 AUG 2009
Gen-Y investors expect double-digit returns despite the fact that, on average, they hold a third of their investments in cash and are highly risk-averse, research shows. The RaboPlus sponsored data compiled by Celsius Research surveyed investors with ...

Westpac FP maintains focus on senior planners

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Westpac's financial planning division is running behind its aspirational target to recruit 200 senior financial planners over three years. Despite this setback, the group has no plans to change its umbrella strategy. Westpac Financial Planning's three ...

Retirees want funds that last a lifetime

MICHELLE BALTAZAR  |  THURSDAY, 13 AUG 2009
... body's chief executive, in a statement. He said that improved product offerings can partly compensate for the average retiree's inadequate age pension and low superannuation payouts (only $45,000 for women, for example). It doesn't help the global financial ...

Retirement adequacy beats market slump

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 28 JUL 2009
Compulsory super and the long-term nature of retirement strategies are among the reasons why for many Australians, last year's financial crisis was a mere blip in their future retirement income, research shows. Today AMP has released its second Superannuation ...

Fin services back associations

MICHAEL HOBBS  |  MONDAY, 6 JUL 2009
Financial services institutions and professionals continue to throw their support behind associations and industry bodies such as the FPA, ASFA and SPAA despite pressure to cut costs. The Financial Planning Association (FPA), Association of Superannuation ...

Rev mortgage guide "out of date": RBS

MICHAEL HOBBS  |  FRIDAY, 26 JUN 2009
The Royal Bank of Scotland (RBS) has criticised a reverse mortgage report - citing it contains case studies that are out of date. The Australian Securities and Investments Commission (ASIC) and Paul Clitheroe led Australian Government Financial Literacy ...

OECD vindicates govt super reforms

ALEX DUNNIN  |  WEDNESDAY, 24 JUN 2009
The OECD has vindicated the government's Budget strategy for reforming retirement income policy when it revealed that Australia has the fourth highest poverty rate among the OECD countries for seniors and retirees. The finding lands a fatal blow to ...

Super changes hit retirees

COMPANY RELEASE  |  WEDNESDAY, 17 JUN 2009
Self-funded retirees will be hit hardest by the Federal Government's changes to super, according to Martin Murden, director of Partners Superannuation Services. According to Murden self-funded retirees are among a select few who don't hold out their ...