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Showing 141 - 150 of 1377 results for "retirement income"

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... will have pension savings with Nest, with the fund responding to its maturing membership with plans for a new retirement income offering as well as greater member education and retirement support. Nest has appointed WTW and Hymans Robertson to assist ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... balances," Kerlin said. The survey found that one-in-two Australians believe super would be their main source of retirement income and 58% recognised their super is either their largest or second-largest financial asset. Additionally, the survey found ...

Moneysoft acquired by MUFG Pension & Market Services

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2024
... expand our offering to superannuation, particularly in the third-party advice channel, the challenges of the Retirement Income Covenant, and international growth opportunities." MUFG Pension & Market Services intends to integrate the Moneysoft technology ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... balance of $95,000, who is single, owns her home, and plans to retire at 67. For this scenario, the default retirement income projected by calculators varied by 74%, ranging from $29,928 to $52,000 a year - which could be the difference between someone ...

Aged care costs begin to worry older Aussies

MATTHEW WAI  |  WEDNESDAY, 25 SEP 2024
... "Australians need help to best use their savings to live life to the fullest, at every stage in retirement," head of retirement income at Challenger Aaron Minney said. "With the right guidance, we can ensure that people are financially prepared for aged ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... legislative change that allows superannuation funds to nudge their members is primarily linked to reforms under the Retirement Income Covenant (RIC) and related regulations that govern how superannuation funds can interact with, and provide advice to ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... annually on balances of $500,000, according to SuperRatings, while the mean sits at $4600 p.a. ESSSuper said its Retirement Income Stream account will charge $3400 p.a. based on this balance, which is still ahead of most super funds. ESSSuper recently ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... members, headline admin fees will be halved from 0.30% to 0.15% per annum. Meantime, administration fees on Plum Retirement Income and MLC MasterKey Pension Fundamentals will drop from a maximum of 0.30% to 0.10%. The annual fee cap applied to Plum Retirement ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... said. ASIC aligns its default inflation rates with the federal government's 2023 Intergenerational Report (IGR), Retirement Income Review, and current midpoint of the Reserve Bank of Australia's target range for consumer price inflation. ASIC said it ...