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Showing 11 - 20 of 31 results for "Longevity products"

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... could include a range of features or products, such as 'default' drawdown rates, investment strategies and/or longevity products," the paper read. Changing the minimum drawdown framework is one option. This could be revising minimum rates to "achieve ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... take a portion of their superannuation assets as a lifetime income stream, like annuity, pension or pooled longevity products. This is a method that has been used by some funds already including QSuper, Cbus, Sunsuper and BUSQ. Conversely, it wants disincentives ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... report from the Retirement Income Review, commissioned by the federal government, acknowledged the need for longevity products in retirement but also warned that financial advisers' involvement may deter adoption of "set-and-forget" solutions. "The fee ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
The report modelled average annual retirement income from three types of longevity products for retirement income. Here's what came out on top. It found allocating 100% of retirement assets to a group self-annuity starting at 67 would yield the best ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... superannuation contributions, home ownership via superannuation, age pension eligibility criteria, allocation to longevity products, spending patterns and the vehicles for superannuation. The report was not released to the industry for a consultation. ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... superannuation contributions, home ownership via superannuation, age pension eligibility criteria, allocation to longevity products, spending patterns and the vehicles for superannuation. "We expect it will highlight areas of strengths and weaknesses. ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... sudden downturns in investment markets leading into and during retirement," it said. "However, the absence of longevity products means that members still take on the risk of living beyond life expectancy as well as taking all investment market risks." ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... said it welcomed the legislative changes promoting long-term retirement income. It changes how the value of longevity products is calculated for the assets and income tests relating to the Age Pension, and provides fair and appropriate means test outcomes ...

Milliman launches course correction tool for retirees

ALEX BURKE  |  TUESDAY, 10 APR 2018
... understand this problem, we've noticed that there's a lot of focus on longevity risk; a lot of annuities and other longevity products. But we're not exploring the immediate volatility issue with as much nuance." Research on Even Keel uses a case study ...

MyRetirement too product heavy: Morningstar

KARREN VERGARA  |  MONDAY, 26 JUN 2017
... new products alone can achieve higher levels of retirement income for Australians is too simplistic, it said. Longevity products will not increase retirement outcomes, Morningstar noted, but "very simply they will transfer assets between those who die ...