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Showing 291 - 300 of 1242 results for "Retirees"

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... to access a broader range of options. The "one size fits all" approach in the super system has limited the ability for retirees to mix income, lump sum, longevity, and market risks adequately, she said. "We also welcome the additional clarification and ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... to spend $64,771 per year and singles $45,962, up by 1.5% and 1.6% respectively on the previous quarter. "Australian retirees are now facing significant pressure on their budgets from non-discretionary inflation," ASFA deputy chief executive Glen McCrea ...

Advised clients' major concerns in 2022

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... Pratap said this is a positive drawcard for people borrowing money, but an issue for those investing money - particularly retirees. "Retirees tend to be conservative investors. But with cash rates earning next to nothing and fixed interest rates, in ...

Fin365 to launch hybrid advice platform

JAMIE WILLIAMSON  |  THURSDAY, 27 JAN 2022
... acquired miPlan as part of its strategy. miPlan is a privately-owned, self-licensed robo-advice platform for individuals, retirees and small businesses. The acquisition aligns with Fin365's mission to provide consumers with access to affordable and quality ...

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... is increasing among those looking to acquire a financial advice practice. The December Radar Results reveal that near-retirees or retirees are highly sought after by financial advisers. Valuations for investment and superannuation clients aged 65-79 ...

IFM, Citi pour $300m into Household Capital

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... with Citi and IFM Investors, we are making access to home equity more efficient, more available and more reliable for retirees. This funding facility delivers Australian retirees low interest rates which mean more access to their home equity retirement ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... interest rate," the Prime Minister explained. The scheme will be open to all pension-aged people, including self-funded retirees. It will enable retirees to draw down on the equity within their homes through the government scheme. "I know many pensioners ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... children, get workers' super paid with their wages and protect them from ending up stuck in a dud fund. "Workers and retirees just hate it when politicians go messing with super." Almost three million Australians, about a quarter of the workforce ...

Pre-retirees worry about political risks: Survey

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... 2021, according to Investment Trends' 2021 Retirement income report. "For the first time in five years, one in two retirees expect their retirement savings will outlast their years in retirement. As of September 2021, pre-retirees expect their savings ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
New Morningstar research recommends retirees should drop the 4% withdrawal rate to 3.3% for a balanced portfolio. Using the 3.3% rate over a 30-year time horizon, Morningstar found that newly minted retirees cannot safely withdraw 4% of their initial ...