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Showing 351 - 360 of 677 results for "Age Pension"

Super is "next on the menu" for disruption: new ASFA CEO

ALEX BURKE  |  THURSDAY, 10 NOV 2016
... could spell doom for the superannuation industry: "Our standard of a comfortable retirement is 70% higher than the age pension, and the average retirement income is currently not much higher than the pension. "On top of that, 20% of people under 29 have ...

Super funds should enforce corporate conduct: ASFA

ALEX BURKE  |  WEDNESDAY, 9 NOV 2016
... objective of superannuation. "There needs to be an aspirational goal in that objective, beyond just supplementing the Age Pension. I was very disappointed when David Murray said that was a bad idea because politicians would argue about it for decades," ...

Super funds should reassess view of balances: Challenger

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2016
... suggests further evidence of a household view making more sense lies in the fact that payment rates of the government's age pension also recognise the economies of pooling. Challenger also believes super funds are not seeing the full picture when reporting ...

Super guarantee of 12pct a mistake

KERRIE SYDEE  |  TUESDAY, 4 OCT 2016
... years, and account for just compulsory super contributions, we find that today's 9.5% Superannuation Guarantee and the Age Pension would provide the average worker with a retirement income equal to 79% of their pre-retirement wage," the Institute said. ...

Current super objective "un-Australian"

DARREN SNYDER  |  TUESDAY, 27 SEP 2016
... settle on an inadequate objective for superannuation that restricts its purpose to merely substitute or supplement the age pension. The super fund representative body is urging people to take interest in the federal government's consultation on super's ...

Super inefficiencies coming to the fore

DARREN SNYDER  |  TUESDAY, 20 SEP 2016
... circumstances but it absolutely certainly detracts from the ability of the system to reach the goal of keeping people off the Age Pension. In that it works directly against the Government's stated objective," Maddock said. "Life insurance is even more ...

Optimo launches free robo strategy platform

KERRIE SYDEE  |  WEDNESDAY, 14 SEP 2016
... comprehensive strategic financial advice to clients in areas such as tax, superannuation, family tax benefits and the age pension. To do so Optimo Pathfinder Online uses an algorithm developed by Optimo Financial's founding principals Hugh Bannister ...

Rethinking risk through goals-based investing

ALEX BURKE  |  TUESDAY, 13 SEP 2016
... recently enshrining superannuation's objective as being "to provide income in retirement to substitute or supplement the Age Pension." "It's true to say that the system really was developed focusing on accumulation," she says. "And now it needs to be ...

$1.6 million cap will not derail retirement

DARREN SNYDER  |  MONDAY, 12 SEP 2016
... McCulloch said. Milliman has also calculated whether the $1.6 million cap will provide about four times the single Age Pension, or approximately $83,000. "An $83,000 annual income can be sustained to male life expectancy of age 87 approximately 70% of ...

Government releases draft super reforms

ALEX BURKE  |  THURSDAY, 8 SEP 2016
... legislation enshrines the objective of superannuation - "to provide income in retirement that substitutes or supplements the age pension" - in law. It also makes changes to concessional contributions by allowing people under 75 to claim tax deductions ...