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Showing 101 - 110 of 2311 results for %22Retirement income%22

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
Link Group's retirement and superannuation business helped cushion the massive $418 million loss in the 2023 financial year, despite losing HESTA as a major client. Link's Retirement and Superannuation Solutions (RSS) unit, which contributes ...

Longevity risk is big super's biggest failure: Podcast

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... superannuation advisory partner Melinda Howes highlights longevity risk as the primary aspect where Australia's retirement income system falls short. Expanding on this, she noted that a significant number of trustees have yet to implement solutions ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... 2022-2023 to about 2.0% of GDP by the fiscal year 2062-63. Meanwhile, the total projected annual cost of Australia's retirement income system is expected to remain relatively steady over the next 40 years, at around 4.0 to 4.5% of GDP, despite population ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... diminish, primarily because of the assets test. By the age of 75, those in this model would see their total retirement income surpassing that of their counterparts who saved without these tax concessions. The report found that superannuation not only ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... Industry Super Australia found that a 30-year-old woman earning $40,000 a year would be up to $56,170 better off at retirement if the LISTO cap went up to $640 and aligned the threshold with the $45,000 income tax bracket. Over a million workers earn ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... 2023 financial year and a greying population as retail and institutional investors alike increasingly turn to retirement income products. Annuity sales stemming from the domestic retail market jumped 53% to $3.6 billion in FY23, split across retail term ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... Home equity is four times the value of superannuation for the median retired household," he said. "The federal Retirement Income Review led the way globally by including home equity among the three pillars of retirement funding and Australia has the ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... life to achieve their financial goals - from building their wealth all the way through to preserving their savings in retirement. "It's the same philosophy that underpins our Vanguard Super Lifecycle offer; let the market work for you by investing broadly ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... interview, Jones said: "It's a conversation we've got to have. The purpose of superannuation is to provide for retirement income and of course, you know, those last stages in a person's life has got to be taken into account in this." Earlier this ...