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| | | ... will be increasingly forced to use superannuation to discharge outstanding mortgages, seeing more people rely on the Age Pension. Financial Executive Women 2017 Leadership Conference It's not about gender, it's about support. That was the key message ... |
| | | | ... adequacy and integrity," ASFA said. "An increasing number of retirees now have significant private income above the age pension, with many more now able to achieve a comfortable standard of living in retirement rather than just getting by. "A plethora ... |
| | | | ... on the spectrum between entirely probability-based outcomes and a risk-free retirement: one backed entirely by the Age Pension and Commonwealth government bonds, for example. Once they have worked out this retirement income philosophy, they can work ... |
| | | | ... retirement levels. ASFA chief executive Martin Fahy said many recent retirees will need to substantially rely on the Age Pension in their retirement and "phased increases in the rate of super guarantee (SG) contributions to 12% would benefit women in ... |
| | | | ... layered retirement plan, with income derived from a blend of account-based pensions and annuities, supplemented by the Age Pension. "Investing in lifetime annuities as part of a layered plan often make sense for retirees and, for the first time, CommInsure ... |
| | | | ... working Australians in December 2016. Of those who had not received financial advice, 42% believe they will rely on the age pension and 16% believe they would have a good standard of living in retirement. CoreData principal economic researcher Andrew ... |
| | | | ... that "it's no longer appropriate for MySuper trustees to just dump two 40-year olds, one projected to retire on the age pension and the other with $1.6 million, in the same investment option for the next 25 years." The same principle, he added, applies ... |
| | | | ... single women live in poverty - the fastest growing cohort of homeless people. Women are also more dependent on the Age Pension than men. Under the Women in Super plan, a women aged 25 earning $25,000 per year would see her superannuation balance at retirement ... |
| | | | ... superannuation today - it is leaving Australians short of savings at retirement and placing extra pressure on the Age Pension," he said. The Bill would introduce significant new safeguards as soon as 1 July 2018 and these measures will benefit part-time ... |
| | | | ... obligations costs workers billions of dollars in lost superannuation, leading to poorer retirement outcomes and higher Age Pension payments. Scheerlinck added that requiring small employers to adopt STP for super payments was a critical element in addressing ... |
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