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Showing 171 - 180 of 202 results for "Older Australian"

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
The Productivity Commission's inquiry into Australia's aged care system has released its final report. Fundamental changes to the way aged care is delivered and financed are proposed, including the move towards user pays. The Productivity Commission's ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...

Govt responds to self-funded retirees

ELISE BURGESS  |  TUESDAY, 12 JUL 2011
... proposed plan, while also having to pay extra $720 a dollar a year to fund his direct action plan. "That means some older Australian couples could lose over $2,500 every year under Tony Abbott."

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 ...

Retiree internet use hits 80 pct

ALEX DUNNIN  |  WEDNESDAY, 1 JUN 2011
One the myths of the internet age is that the web is for the young digitari while older Australians inhabit the analogue world. However, research contained in the 2011 Sensis Social Media Report reveals a fundamentally different picture. It found that ...

SG needed to save retirees: Shorten

ALISON BEVEGE  |  TUESDAY, 29 MAR 2011
Thousands of 100-year-old baby boomers will live out their last days in poverty unless superannuation changes are passed, Assistant Treasurer Bill Shorten has told delegates at the Conference of Major Super Funds. Minister Shorten, who flew to the Gold ...

Super on table for October tax review

ALISON BEVEGE  |  MONDAY, 21 MAR 2011
Superannuation will be up for discussion at the Federal Government's October tax summit raising the spectre of further review, with industry figures asking for stability after a tumultuous few years. Fiona Reynolds, chief executive of the Australian ...

PC recommends govt-backed aged care equity release

ALEX DUNNIN  |  WEDNESDAY, 2 FEB 2011
A Productivity Commission draft report into aged care said there are a number of options to improve aged care funding including the establishment of aged care savings accounts, using superannuation benefits and encouraging the use of equity release ...

Gen Yers want advice

RUTH LIEW  |  FRIDAY, 12 NOV 2010
If you think the majority of people who seek insurance and consolidation advice are older Australians, then think again - new research shows fund members aged 25 and below are the primary seekers of single issue advice. John McMurtrie, chief executive ...

Retirees using super for lifestyle, not income streams

ALEX DUNNIN  |  THURSDAY, 19 AUG 2010
Many retirees are unaware of what retirement products are and still see their nest egg's main purpose is to fund lifestyle needs, regardless of the industry-wide trend towards income streaming of retirement payments, reveals new research. The study ...