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Showing 351 - 360 of 3872 results for "Pension"

Aged care costs begin to worry older Aussies

MATTHEW WAI  |  WEDNESDAY, 25 SEP 2024
... Seniors Australia chief executive Chris Grice said. The research also found that most Australians over 50 believe the Age Pension will not be enough to fund retirement, even for homeowners. Of the 4700 Australians surveyed, nine in 10 said the Age Pension ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... will be halved from 0.30% to 0.15% per annum. Meantime, administration fees on Plum Retirement Income and MLC MasterKey Pension Fundamentals will drop from a maximum of 0.30% to 0.10%. The annual fee cap applied to Plum Retirement Income member accounts ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...

China to raise retirement age from 2025

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... 1970s, China will begin "gradually raising" the national retirement age from next year as it looks to stretch a dwindling pension budget further to sustain its ageing population. The country has approved proposals to raise the statutory retirement age ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
Many recipients of the Age Pension will pay more for aged care under proposed reforms to how the sector is funded, with wealthier Australians to cover more of the costs they incur from July 2025. With the nation's annual aged care expenses predicted ...

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
... technology provider's research, which was carried out with 120 financial advisers, found that knowing what approach to take for pension income - for instance, drawdown, annuity, or a blended strategy - was the second largest issue facing consumers at ...

Australians rank seventh globally for retirement confidence

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... enjoy retirement. About 50% avoid thinking about it altogether. The nation is currently showing low confidence in Age Pension, where up to 38% of participants in another survey plan to " explore part-time work or other employment opportunities post-retirement." ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... sustainable way and recognise the interaction of superannuation with forms of government support, particularly the Age Pension." The bill wouldn't alter current superannuation laws but will require policymakers to demonstrate to Parliament and the public ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
Seventeen of Australia's superannuation and pension funds now rank in the top 300 worldwide by assets, including one new entrant. However, it's not all good news for the government funds that made the cut. That's according to the latest ...

Macquarie AM, PSP Investments sell AirTrunk stake to Blackstone, CPP Investments

MATTHEW WAI  |  THURSDAY, 5 SEP 2024
Macquarie Asset Management (MAM) and Canada's Public Sector Pension Investment Board (PSP Investments) have sold the entirety of their respective interests in AirTrunk to private equity giant Blackstone and Canada Pension Plan Investment Board (CPP ...