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Showing 11 - 20 of 572 results for "Lifetime"

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... and flexible. People should be able to have confidence that they are in a good product that's right for them." After a lifetime of building savings, people should be free to spend their money how they please, she added. "We are on the cusp of a seismic ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... administration fees to clients, targeting a total cost to client of less than 1%. For retirement products, AMP's MyNorth Lifetime leads the way in offering a guaranteed stream of lifetime income that afford advisers the flexibility of a wrap account ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... Challenger's Life business recorded $5.3 billion in revenue, down 4% on the prior corresponding period. Sales for lifetime annuity, which includes Aware Super's annuity policy valued at $619 million, and Index Plus products hit $1.1 billion ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... approached with care. "No single solution, that covers a mix of regular income and savings to draw down, and which lasts a lifetime, suits everyone. A broad frame is required to consider super alongside any sources of government support, income from ...

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... demographic or financial data. The report argues that super funds should not solely depend on such data but should include lifetime income in adaptable solutions to meet diverse member needs. Meanwhile, it estimated an additional 40% of retirees and ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... "Given an increase in claims volume and length, the small number of OnePath income protection customers holding cover with lifetime benefit periods were advised of relevant premium increases averaged over a two-year period," a OnePath spokesperson said ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... and wealth partnerships Ashton Jones said. "They are living frugally and not enjoying the lifestyle they can afford. Lifetime income products can lessen these concerns, by maximising a member's expected retirement income, helping them manage and plan ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... the retirement income system, supporting funds to deliver better retirement income products and services, and making lifetime income products more accessible. Released today, discussion paper Retirement phase of superannuation states that trustees must ...

Buffett outlines plans for Berkshire Hathaway

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... second year that Buffett has made additional gifts to the family foundations around Thanksgiving time, supplementing lifetime pledges he made back in 2006. "At Thanksgiving, I have much to be thankful for..." Buffett said. "At 93, I feel good but fully ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 lifetime pension members ...