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Showing 161 - 170 of 202 results for "Older Australian"

Tough turkey for retirees this Christmas

MARK SMITH  |  WEDNESDAY, 5 DEC 2012
While the latest RBA rate cut is an early Christmas present to Australia's mortgage payers, retirees are in for a tougher festive period, says National Seniors chief executive Michael O'Neill. The Reserve Bank (RBA) cut the base rate to 3% yesterday ...

Retirement adequacy hits post-GFC low: AMP

BEN COLLINS  |  THURSDAY, 27 SEP 2012
Declining contributions to superannuation have helped push AMP's retirement index to its lowest levels since the global financial crisis. The AMP Retirement Adequacy Index fell almost 2 percentage points to 69.4% while projected retirement savings fell ...

Super loyalty defies low return expectations

BEN COLLINS  |  TUESDAY, 14 AUG 2012
CoreData research reveals robust investor attachment to non-performing funds. It is investor apathy, argues Kristen Turnbull the researcher's head of advice, wealth and super which led over half of the members surveyed (57%) to suggest they would stick ...

Online speed nurtures consumer trust

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The net benefit of financial services companies moving their business online will be speed, said Rohan Lund, chief executive of Yahoo!7. "If you look at the rate at which people are starting to use online banking, the reason we are seeing that propensity ...

Older Australians delaying retirement

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
... report unveiled yesterday by financial services and superannuation minister, Bill Shorten, revealed that 50% of older Australian intend to delay retirement. The report, titled Financial Wellbeing: Concerns and choices amongst older Australians, also ...

Sequencing risk impacts super savings

LINDA HAUSKEN  |  THURSDAY, 14 JUN 2012
The post-global financial crisis combined with longevity issues has brought strategies to manage sequencing risk to the forefront in Australia, according to Chad Padowitz, chief investment officer at Wingate Asset Management. Although many retirees ...

PM rejects lifting retirement age to 70

ALEX DUNNIN  |  FRIDAY, 8 JUN 2012
The Prime Minister has rushed to dismiss calls to increase the retirement age to 70, even though unlocking labour force participation for women and older people is seen as one the best approaches to boosting productivity and GDP. The Grattan Institute ...

Govt overhauls aged care

ELISE BURGESS  |  FRIDAY, 20 APR 2012
The introduction of means testing for aged care by the Federal Government is set to reshape the entire industry, with flow-on effects expected for advice. In the biggest revamp of the national aged care system in 15 years, the Gillard Government said ...

Retirement funding needs aged care inclusion

MELANIE TIMBRELL  |  THURSDAY, 12 APR 2012
As budget cuts to public spending loom, wealth providers are warning the cost of aged care needs to be factored into retirement planning. "The likelihood of care and its associated cost needs to be recognised at the beginning of retirement, not when ...

Government confirms super guarantee age limit abolished

CLAIRE MCGREAL  |  TUESDAY, 29 NOV 2011
The move to scrap the superannuation guarantee age limit will give Australians an incentive to remain in the workforce for longer, according to the Government. Superannuation Minister Bill Shorten has confirmed that the amendment to abolish the age ...