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Showing 311 - 320 of 1240 results for "Retirees"

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
... feedback until October 15. The document sets out the obligations of superannuation trustees in designing a strategy for retirees or near-retirees that maximises their retirement income over later years. The strategy must consider several risks: longevity ...

Australia ranked seventh for retirement wellbeing

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... Natixis Investment Managers and CoreData Research, is designed to provide a snapshot of the relative financial security of retirees in 44 countries. It ranks countries based on four factors that drive retirement security - the material means to live ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... services were 6.7% more expensive and even the cost of fruits and vegetables increased marginally. "Price increases faced by retirees have begun to accelerate following a period when COVID-19 led suspensions or delays in key costs such as health insurance," ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... some funds already including QSuper, Cbus, Sunsuper and BUSQ. Conversely, it wants disincentives (above a threshold) for retirees who take their pensions as a lump sum or leave them as a bequest. The paper supports some changes discussed in the Retirement ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... logical way for CBA to take advantage of surplus capital and franking credits and will provide a significant windfall for retirees and other low tax investors who value franking credits most," he said. "Using CBA's closing price yesterday of $106.56 ...

Redpoint launches equity income fund

KARREN VERGARA  |  WEDNESDAY, 4 AUG 2021
... $25,000. Redpoint chief executive Max Cappetta said the fund is aimed at yield-seeking investors such as self-funded retirees, other low-income tax rate payers as well as the not-for-profit sector. Investing in Australian equities remains a core exposure ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
... Comprehensive Income Products for Retirement (CIPRs) - and walk away from it if it needed to focus on more important issues for retirees. The paper released yesterday asks super trustees to focus on providing maximum income possible to retirement products ...

Retirement portfolios need a rethink: Research

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... level of income, monitoring income growth and diversification of income sources as the most important considerations. "Retirees require a reliable income stream to replace the wages they received when they were working, so it is more important to focus ...

Allianz Retire+ chief steps down

ANNABELLE DICKSON  |  TUESDAY, 13 JUL 2021
... told Financial Standard Allianz Retire+ was his "biggest challenge yet". Future Safe was launched to meet the needs of retirees by providing access to equity market-like returns and certainty with a range of outcomes. It came after PIMCO and Allianz ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
... concessions will exceed the cost of Age Pension expenditure," it said. The maturing of super should result in future retirees being better off than current retirees, the report added. It expects median superannuation balance at retirement to increase ...