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

Search Results

Showing 161 - 170 of 206 results for "Comfortable retirement"

Mercer reveals confronting life expectancy research

MARK SMITH  |  TUESDAY, 19 AUG 2014
... workers can expect to live well beyond the average life expectancy highlights the challenge of achieving a comfortable retirement. Mercer's analysis into the mortality rates of public sector pensioners reveals that 50% of retiring white collar male workers ...

ASFA calls for lifetime contribution caps

MARK SMITH  |  THURSDAY, 3 JUL 2014
... "This would help ensure that people are using superannuation as a means to provide enough income for a comfortable retirement, and not for wealth accumulation or estate planning purposes," Vamos said. ASFA also evaluated the ability of the superannuation ...

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... the member's projected retirement income with the Association of Superannuation Funds of Australia (ASFA) Comfortable Retirement Standard, currently $57,665 per annum for a retired Australian couple. "We are finding that readiness varies a lot between ...

Mercer launches retirement adequacy index

JAMES FERNYHOUGH  |  FRIDAY, 11 APR 2014
... launched a new tool that allows superannuation funds to measure whether their members are on track for a comfortable retirement. The Mercer Retirement Readiness Index (RRI) compares a members' projected retirement income against the ASFA Comfortable ...

Less than 15% meet ASFA standard of retirement savings

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... and other retirement savings are all considered," he said. "More than 50% of couples are on track for a comfortable retirement if you take all the factors into account and we must also remember that not everyone surveyed will aspire to achieve this level ...

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... age pension. According to ASFA, the current system will not provide the majority of Australians with a comfortable retirement, as it was largely designed for people who were living to their 70s, not their 90s. It has recommended two broad solutions to ...

A third of Australians expect major shortfall in retirement

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... structure their contributions towards this goal." The fund's chief executive Paul Cahill added that "a comfortable retirement can be surprisingly expensive with a single person needing payments of around $41,830 annually for upwards of 20 years if they ...

Medical charges put pressure on retiree living costs

ALICE URIBE  |  FRIDAY, 16 AUG 2013
... Retirement Standard figures. The figured for the June quarter 2013 revealed that a couple looking to achieve a comfortable retirement would require an outlay of $56,406 a year, while those seeking a 'modest' retirement lifestyle needed $32,656 a year. ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... issues of longevity and access to income streams - both very important factors to help people achieve a comfortable retirement," Vamos said. The Financial Planning Association of Australia (FPA) echoed Vamos' approval of this increase in the contributions ...

CFSGAM inflation plus fund targets post-retirement market

MARK SMITH  |  WEDNESDAY, 20 FEB 2013
... clients are looking for investment capabilities that assist their members in securing sufficient funds for a comfortable retirement. We believe this investment solution fits nicely into the decumulation phase of a targeted benefit retirement system" ...