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Showing 151 - 160 of 732 results for "Pensions"

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... Pension should drop to 2.6% of GDP over the period to 2054-55, ASFA predicts. In contrast, OECD expenditure on public pensions averages 8.8% of GDP and is expected to increase to 9.4% in the next 30 years. ASFA argued that raising the SG to 12% will ...

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... business. The industry super-owned global asset manager appointed former British Labour MP and Shadow Minister of State for Pensions Gregg McClymont as executive director of its public affairs efforts. McClymont's role with the fund manager will see ...

Mirova chief labels ethical investing pledges hollow

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... to COVID-19. The letter was signed by Aberdeen Standard, AustralianSuper, Fidelity International, Lloyds Banking Group Pensions Trustees, London Pensions Fund, Scottish Widows Group, Schroders, Nomura, UBS and Man Group among others. Mirova chief executive ...

Taper rates need revamp

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... paper titled 'Spending in retirement and the taper rate' published by the Actuaries institute. As of January 2017, annual pensions fall by $78 or every $1000 in assets over relevant thresholds. This was a change from the previous rate of $39. "The current ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... that if the downturn lasts throughout the rest of the year, the state of New Jersey won't have the liquidity to pay pensions in full or, possibly, at all. According to the report, if funds run dry they will likely switch to pay-as-you-go systems ...

Software provider launches ERS tech solution

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... the April 20 commencement date. The government's legislative changes included a reduction in the minimum drawdowns from pensions as well as early access to retirement savings by those financially impacted by COVID-19. Bravura head of operations Jon Alder ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... pension drawdown rules was welcome but also came with additional considerations, Perri said. Retirees with account-based pensions should be aware that the change applies to both the 2019-20 and 2020-21 financial years. "Retirees with account-based pensions ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
... services; businesses are no longer engaging in discounting to improve market share; workers and pensioners (whose wages and pensions are indexed to the CPI would be getting more); and, in macroeconomic sense, the threat of low inflation turning into ...

Australians hate complexity, not annuities: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... Altschwager said. "To me, this suggests there is far greater appetite for annuities than people think and that account-based pensions may be the main product in the market simply by default or out of ignorance, rather than actual preference." When the ...

COVID-19 could end Centrelink stigma

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... experiencing delays and seeing disruption to things like physical assessments and medical reporting for Disability Support Pensions. Unfortunately, many Australians got a taste of how frustrating and disempowering our welfare system can be when they ...