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Showing 351 - 360 of 1356 results for "Retiree"

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion. The research, conducted over 10 years, also revealed that not-for-profit (NFP) ...

Deborah Ralston joins Household Capital

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
Household Capital has appointed the retirement expert to chair its advisory board. Effective this month, Deborah Ralston will lead the retirement funding provider's advisory board, replacing Jack Diamond. Sitting alongside her on the board is Peter ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... apply, along with the annual concessional and non-concessional caps. The rationale behind the change is recognising that a retiree who is 70 years old had 20 years in the workforce prior to the introduction of compulsory superannuation in 1992, thus ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
The aged care sector is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four ...

Research aims to solve cash conundrum

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
... the research. A pre-GFC term deposit with $1.25 million could have generated $100,000 of annual income. Today, that same retiree would only have $3750 of annual income. For a retired couple to live off term deposits comfortably in Australia right now ...

More members monitoring superannuation

KARREN VERGARA  |  MONDAY, 3 MAY 2021
More than half of superannuation members surveyed by MLC reveal they are taking their retirement savings more seriously and are watching the stock markets more closely than ever. About 53% of the 1004 participants that took part in the survey said they ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
Guild Super, the $1.8 billion retail fund catering to childcare workers, has chosen a new administrator which it says will enhance member experiences. Guild Super, which also trades as Child Care Super and offers Guild Pension for retirees, will switch ...