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Showing 321 - 330 of 1356 results for "Retiree"

Pre-retirees worry about political risks: Survey

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
While Australians believe they are well prepared for retirement, many are worried about the political risks they face once they are retired, research suggests. Illness remains the biggest worry Aussies face in their later years, but regulatory changes ...

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 ...

Default super delivers best performance in 34 years

KARREN VERGARA  |  MONDAY, 29 NOV 2021
New research reveals that default workplace superannuation funds achieved the best average returns of 18.8% in the last 34 years. Rainmaker reviewed more than 3200 investment options in its 2021 Super fund performance study, which are offered by 238 ...

Role of adviser to change: Fidelity

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... trustees are grappling with at the moment around the retirement income covenant need to be cognisant of the fact that every retiree's experience is different, and flexibility is required," Andriessen said. "When you flip the perspective and really listen ...

Morningstar launches retirement strategy tool

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Morningstar has launched a new retirement strategy tool, aimed at assisting financial advisers in managing longevity risk for clients. Ryan Murphy, head of decision sciences at Morningstar, launched the new tool today. He said it is designed to take ...

Equip appoints head of retirement

JAMIE WILLIAMSON  |  TUESDAY, 23 NOV 2021
... Colonial First State, Citadel Wealth Solutions and True North Investments. As head of retirement, Higgie will oversee Equip's retiree offering. Currently those in the drawdown phase account for about 22% of the fund's total assets and 10% of members. ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

ClearView, Manulife to launch retirement products

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
... excited to partner with one of the world's leading asset managers to come up with solutions for Australia's large pre-retiree and retiree market." Manulife's head of wealth and asset management, Asia Michael Dommermuth added: "Innovative solutions such ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
A fake bond scam run has allegedly defrauded self-managed super fund members of $2.8 million. Richard Emil Ayoub, an American national, allegedly funnelled the money into Bitcoin between March and August 2021 after promoting it to investors as a fixed ...