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Showing 231 - 240 of 1356 results for "Retiree"

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

Allianz Retire+ strengthens distribution team

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
Allianz Retire+ bolstered its wealth management operations, with two state managers joining the distribution team in recent times. Stephen Armstrong joined this month in the newly created role of state manager for Western Australia (WA) and South Australia ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
Australia's inflation rate, expected to fall from 6% now to 2.75% by 2025, shines a light on Australia's government interest payments and with it, Australia's relative debt position. At June end 2022, there was $895 billion in Australian government ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
Industry funds are gaining ground in the battle for retirement assets, with their market share increasing 2% between 2021 and 2022, challenging the retail sector's long-standing dominance in pension accounts. According to a KPMG report, although ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
On the back of yesterday's heatmaps from APRA, Industry Super Australia (ISA) has said it's clear that closing funds to new members is a Choice sector business model, not a punishment. The Choice heatmaps revealed two thirds of products that are closed ...

Link to offer Allianz Retire+ solution to super funds

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
Under a newly inked deal, members of Link Group's superannuation fund clients will have access to a suite of retirement income solutions from Allianz Retire+. Up first, Allianz Guaranteed Income for Life (AGILE) will be available on Link Group's Pathfinder ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
Australia's superannuation sector is flourishing, with APRA reporting a record-breaking $163 billion in contributions for 2021-22. This growth was driven by a 9% uptick in employer contributions and a 23% increase in member contributions. Rainmaker ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
... perpetuity an inflation-adjusted level of support, then that redefines risk," Golden said. "Playing it safe, the way a retiree might play it safe, actually guarantees failure. So, we've had to be aggressive. "I think it's well understood that endowments ...