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Showing 131 - 140 of 287 results for %22Baby Boomers%22

Are Australians money dumb about savings?

DARREN SNYDER  |  THURSDAY, 24 SEP 2015
... an average score of 58% versus 56%. Millennials (18-34) were the most knowledgeable with an average score of 58%; Baby Boomers (55+) scored the lowest average at 52%; and Generation X (35-54) were the most knowledgeable when it came to medical and travel ...

New SMSFs slowing as boomers retire

ALEX BURKE  |  MONDAY, 7 SEP 2015
... accelerated growth post-GFC, Perpetual Private head of strategic advice Colin Lewis suggested it may also be because baby boomers exiting the accumulation phase are less interested in running their own funds in retirement. Speaking to Financial Standard ...

High expectations suggests need for retirement advice

DARREN SNYDER  |  MONDAY, 17 AUG 2015
... there." "If you look at the people who think they're going to be better off in retirement - it's the Gen Ys. The baby boomers who are right on the cusp of retirement have perhaps already accumulated account balances, and are much more likely to have ...

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
... Services Council (FSC) believes Australia's existing mix of taxation is unsustainable with an ageing population and baby boomers moving out of the workforce. Among the FSC's submission to the Tax White Paper are four key proposals including a 22% company ...

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
... continued to grow strongly yet we're only four years into the 20 year retirement phase of Australia's four million plus baby boomers," Challenger chief executive Brian Benari said. "As the wealthiest generation in history, the boomers have a lot to lose ...

Baby boomers should be wary of generic advice

ALEX BURKE  |  TUESDAY, 3 FEB 2015
The average baby boomer's financial plan is too generic and risky due to overexposure to growth assets, a Centre for International Finance and Regulation (CIFR) study has found. The CIFR study examined common Australian financial advice methods to determine ...

Baby boomers in the dark on super: SCT

AAP  |  THURSDAY, 23 OCT 2014
According to the Superannuation Complaints Tribunal there are basically two types of unhappy baby boomers. The first are the ones that are incredibly aware of super. However, the other and bigger group know absolutely nothing about it, according to ...

FEATURE: Quenching the thirst for income

MARK SMITH  |  FRIDAY, 26 SEP 2014
... to look to investment assets to meet their goals. The laws of supply and demand dictate that as the huge wave of baby boomers enters retirement and orientates portfolios towards income-generating assets (and other investors seek to quench their thirst ...

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
... understanding, with more than 20% reporting no understanding at all and another 28% reporting a limited understanding. Baby boomers meanwhile were the most engaged, with over 60% saying they had good understanding and less than 6% saying they had no ...

NGS launches income-focused retirement product

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
... in the next decade, around half of our funds under management will belong to members in the drawdown phase. And as baby boomers start retiring in droves, we expect that the demand for better retirement income products will skyrocket." "Our modelling ...