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Showing 11 - 20 of 1118 results for "Retirees"

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... plans. The Retirement Income Covenant, which was mandated on 1 July 2022, requires trustees to design a strategy for retirees that maximise expected retirement income, manage risks related to sustainability and stability, and provide flexible access ...

Inflation weighing on next generation of retirees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Generation X - the next in line to retire - is worried about running out of money, or not having enough to retire at all, according to new research by Natixis Investment Managers. The research, conducted in collaboration with CoreData Research, found ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... recently, the range of super-based retirement income strategies in Australia has been limited, increasing the likelihood of retirees resorting to suboptimal self-insurance measures, such as frugality, to stretch their savings." Aboud said one of the ...

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... security in retirement." Unsurprisingly then, cost of living was cited as being "front of mind" for many Australians. Retirees expect their retirement income needs to increase by $10,000 per year, while working Australians anticipate needing an additional ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... their top concerns. When considering how to boost income and find savings, Ashenden said it's important to assess whether retirees are entitled to any government support, such as the Age Pension or concession cards that give access to more affordable ...

Retiree dilemma: Supporting children or preserving lifestyle?

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... believe their children face similar or harder challenges than they did amid the cost-of-living crisis. AMP found 70% of retirees, while wanting to support their children, are mostly unwilling to compromise their retirement lifestyle to offer financial ...

Four advice firms merge, launch Esencia

KARREN VERGARA  |  MONDAY, 3 JUN 2024
... director Jim Kilkenny now serves as chair. More than 1000 clients who include high-net-worth families, professionals, and retirees will now be served under Esencia. Fenning said the business name derives from the Spanish word meaning "essence". "The ...

Freshwater Wealth launches

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... proactive advice to help manage common life challenges. "Demand is extremely high and there is a huge opportunity with retirees, women and those who have inherited money or who are facing an illness, to provide a service that focusses on achieving clients' ...

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
... said more people are taking control of their retirement planning. "Our data also reveals that the more interactions non-retirees have had with their super fund over the past year, the more likely they are to start thinking about retirement," he said. ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... experience a comfortable retirement. The superannuation advocacy body said the comfortable retirement standard would allow retirees to maintain "a good standard of living" in their post work years. This includes covering basic necessities like groceries ...