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Showing 11 - 20 of 165 results for "Social Security"

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... and 20 years into retirement. "Many of the costs of accessing the Australian healthcare system are linked to our social security system," he pointed out. "MRIs, ultrasounds, or all sorts of different medical tests can be substantially different out-of-pocket ...

BT upgrades platform functionality

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... cybercrime rate in Australia," she said. A recent upgrade enabled support teams to source information relating to social security. "Advisers and their teams can now generate Centrelink schedules online, instead of calling a BT customer relations consultant," ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... this would increase the degree of underinsurance in the Australian community and the consequential burden on the social security system," an ASFA report said. More recently, Industry Super Australia (ISA) has reiterated the call for gig workers to be ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... is up 6% to $48 billion, but the big-ticket items that really drive Australia's federal budget - heath and social security and welfare - are up only 1% and 2% this year. Social security and welfare spending nevertheless has some big growth areas ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... protection." In its report Underinsurance in Australia 2020, Rice Warner estimated the total cost to the government in social security payments for death and TPD underinsurance to be $600 million per year. MetLife Australia chief of staff, strategy and ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... trustees will be required to consider member's personal circumstances, including their family situation and social security entitlements. She further explained super fund trustees should have the power to decide how to charge members for personal ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
Social security measures relating to the Age Pension are among the most popular regulatory topics for Australian financial advisers, based on the questions they're asking BT's technical team. According to BT, the $4000 increase to the work bonus for ...

Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... Meanwhile, regarding regulation, JM3 Projects principal John Mitchem noted that the US system is fragmented across social security, the treasury, comptroller of the currency, the consumer financial protection bureau and the department of Labor which ...

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... Capital Advisory financial planner Michael Miller, ASIC said the operation of the Scheme is provided for under the Social Security Act 1991 (Cth) and is debt owed by the recipient to the government. "The Scheme is provided for under statute and not under ...

Colonial reveals Australia's huge untapped workforce

ANDREW MCKEAN  |  THURSDAY, 16 JUN 2022
... crunch. Advice such as assistance with cash flow management, tax planning, retirement planning and the management of social security. "The financial advice sector understands there is an increasing need for specialist advice for older Australians to ...