Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 197 results for "Pensioner"

Govt responds to self-funded retirees

ELISE BURGESS  |  TUESDAY, 12 JUL 2011
... income (total income $70,000) would miss out on $2000 in household assistance payments under Tony Abbott's plan. While a pensioner couple receiving the highest rate would lose $510 per year under Abbott's proposed plan, while also having to pay extra ...

Call for self-funded retirees inclusion

ELISE BURGESS  |  MONDAY, 11 JUL 2011
Sunday's carbon tax announcement has produced mixed results for pensioners with approximately 285,000 self-funded retirees to miss out on the compensation scheme for pensioners, according to the National Seniors Australia. As it stands now, pensioners ...

Commonwealth trustee reforms passes Senate

ALEX DUNNIN  |  WEDNESDAY, 29 JUN 2011
Legislation consolidating the trustee arrangements of the Commonwealth's main military and civilian superannuation schemes into a single entity passed the Senate this week. In a statement, the government said the new structure will modernise commonwealth ...

Shorten phases out drawdown relief for account-based pensions

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
Assistant Treasurer, Bill Shorten, has today announced the phasing out of drawdown relief for pensioners but made provisions for 2011-12, expected to benefit some 120,000 self-funded retirees. Under past regulations, self-funded retirees were required ...

Super problems to short-change retirees

ALISON BEVEGE  |  FRIDAY, 13 MAY 2011
Deep problems in the superannuation system meant Australians may not have enough money to provide for their retirement despite half-million dollar balances, an industry expert said today. In his keynote speech at the Morningstar Investment Conference ...

Planners make their budget wishes

ALISON BEVEGE  |  TUESDAY, 10 MAY 2011
As the Federal Government goes into budget lockdown, financial advisers have named their dearest wishes - and it's not for free set top boxes. Concessional caps, tax concessions for advice fees and a cut in the company tax rate were at the top of the ...

Ireland looks to sovereign annuities

JOHN MCDULING  |  FRIDAY, 10 DEC 2010
As part of a broader effort to resolve its fiscal crisis, Ireland unveiled plans to develop a market for sovereign annuities earlier this week, which could be used by under-funded Irish pension funds to meet their defined benefit liabilities. After ...

Peering into the future

JOHN MCDULING  |  TUESDAY, 31 AUG 2010
Paul Scully, finance author and long-time industry professional, outlined his views on the shape of the industry over the next decade, predicting bigger problems for platforms, some types of multi-manager strategies and some super funds. Scully, who ...

North gets very strong rating from S&P

COMPANY RELEASE  |  TUESDAY, 20 APR 2010
AXA's North product has received a "very strong" rating from research house S&P Fund Services. According to a press statement, the rating reflects a product well designed for the needs of the target investor and a superior capital-protection structure ...

Man charged in multi-million dollar fraud

RUTH LIEW  |  WEDNESDAY, 10 MAR 2010
... away on a casino boat off Hong Kong. Eight have since been convicted for the crime. The article quotes Ernst Hufnagl, a pensioner, Barry Osbourne, a Telstra employee, and Gregory Bourchier, a J.P.Morgan employee, as those convicted over the conspiracy ...