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Showing 311 - 320 of 676 results for "Lifetime"

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
... support in a modern, flexible workplace," she said. She added that providing consumers with just one default fund for their lifetime will also address the chronic issue of multiple accounts. Also addressing shortfalls in the $699 billion self-managed ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... to develop retirement income strategies for all members. However, whether or not trustees should be required to offer lifetime engagement has been left for future consideration. Trustees will also have to provide "guidance" on products to their members ...

Retirement income rules boost annuities: Challenger

ALEX BURKE  |  WEDNESDAY, 9 MAY 2018
... Budget, the new means test rules will also enable the development of new retirement income products, including deferred lifetime annuities. Challenger described such products as "essential building blocks for CIPRs." Challenger said its fixed-term annuities ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... no matter how long they live. From 1 July 2019, new Age Pension means testing rules will also be introduced for pooled lifetime income streams. Baby boomers were also a beneficiary from the Budget. Under Scott Morrison's proposed $259 million package ...

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... million over next five years to amend the pension means test rules. "[This is] to encourage the development and take up of lifetime retirement income products that can help retirees manage the risk of outliving their savings," the Government said in ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... 23-year-olds who might have gotten a mortgage early or had an accident and can never earn an income again, so they have a whole lifetime without cover. You can say those people can opt-in easily, but in a system where engagement is really low, that's ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... proposed approach to the covenant. From 1 July 2019, new Age Pension means testing rules will be introduced for pooled lifetime income streams. This will assess a fixed 60% of all pooled lifetime product payments as income, and 60% of the purchase price ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... financial advice. It wants people of all ages to have access to this allowance but for a maximum of three times during their lifetime. Its other demands are the similar to last year: tax deductible status for financial planning fees, increasing superannuation ...

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
... from an increase to the superannuation guarantee, further discussion around the sole-purpose test and the purchase of lifetime income streams, Chew said there's potential for a tax on end benefits (e.g. lump sums) and an increased tax on super earnings. ...

Industry fund launches lifecycle default option

KARREN VERGARA  |  TUESDAY, 3 APR 2018
A $7 billion industry superannuation fund is launching a default option that will automatically adjust with members' age. The Australian Catholic Superannuation and Retirement Fund's LifetimeOne option, to be launched in May, aims to give members better ...