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Showing 181 - 190 of 676 results for "Age pension"

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary savings. Additionally, many have pointed to household capital and home ownership ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... influences retirement incomes. Households with more financial assets at retirement are generally less likely to rely on the Age Pension for retirement income," the review said. "Less liquid wealth, such as housing, can also support people in retirement ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Jane Hume, that will form the foundations of future policies. The review went through the three pillars being the Age Pension, compulsory superannuation and voluntary savings with a fine tooth comb. Frydenberg said the review has established a fact base ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... expects comment on the adequacy of the current rate of superannuation contributions, home ownership via superannuation, age pension eligibility criteria, allocation to longevity products, spending patterns and the vehicles for superannuation. The report ...

Majority of Aussies want SG rise: ASFA

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... (ASFA). ASFA said 1375 Australians were surveyed in October by Utting Research about their views on superannuation, the Age Pension and standard of living expectations for retirement. Respondents to the survey were asked whether they support the superannuation ...

Super advice firm buys robo-adviser

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... intra-fund advice for superannuation members and Retirement Essentials which assists Australians applying for the age pension. The acquisition will broaden its offering as Clover allows low-cost entry for the many Australians with insufficient wealth ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... pension age and requiring members to take benefits as an income stream. Moderating the assets test on the means-tested Age Pension to increase the net replacement rate for average income earners, and raising the household saving and reducing the level ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... Treasurer's desk." She did however say that the 650-page report, which is a deep dive into the three pillars of the Age Pension, superannuation and voluntary savings, and does not propose recommendations similar to what the Productivity Commission ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... said in line with Grattan's previous retirement modelling, many Australians will supplement their super with the age pension, so the impact for those who accessed ERS is not as bad as it may appear. "ERS played an important role. Obviously the risk ...