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Showing 11 - 20 of 117 results for "Pension system"

More guidance crucial for aged care transitions: AMP

MATTHEW WAI  |  MONDAY, 25 NOV 2024
... older Australians have about aged care, including its cost, how they will fund it, and how it interacts with the pension system," she added. "This begins with building financial confidence during the transition into retirement, giving older Australians ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
... concerns outweighed other issues such as the availability of savings or the complexity of the superannuation and pension system. "Clearly confidence in retirement is a function of much more than simple investment returns," it said. State Street, however ...

ASFA appoints Mary Delahunty as chief executive

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
The Association of Superannuation Funds of Australia (ASFA) has appointed Mary Delahunty as its incoming chief executive, set to commence the role in February. Leanne Turner assumed the position temporarily in October following the departure of Martin ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... Australia (ISA) commissioned analysis by Rice Warner, which revealed that replacing superannuation with an enhanced pension system would result in a substantial $100 billion deficit in the Budget by the year 2058. "Australia's world class super system ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... biological ages and differ in the way they're ageing requires much more bespoke advice," he said. He said the modern pension system itself is derived from 20th century three-stage life but within this world, the population will need to start thinking ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
Australia's sustainable pension expenditure stands out from other advanced economies' retirement income systems, an ASFA report says. ASFA's Cost of pensions across advanced economies report said Australia's government pension expenditure ...

Delayed reforms put pensioners at risk: OECD

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
The OECD Pensions Outlook 2022 says that continuing with reforms to asset-backed pension arrangements is essential to improving retirement outcomes and the sustainability of retirement incomes, thereby building more inclusive pension systems. While ...

Australian retirement system given B+

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
Australia's retirement system has been awarded a B+ by Mercer and the CFA Institute in their 2022 Global Pension Index, ranking sixth overall for the second consecutive year. The index covers 44 retirement systems around the world, measuring them on ...