Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 1242 results for "Retirees"

LICs show sign of struggle

ANNABELLE DICKSON  |  WEDNESDAY, 16 DEC 2020
... assets have shifted towards fixed interest in recent years. "Fixed interest is becoming popular as investors, especially retirees, are desperate to get better yields than they get from term deposits and seek investments that generate income," he said. ...

Super lifting retirees' financial wellbeing: HILDA

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
The growth in superannuation assets means more retirees are coming out of poverty and experiencing less financial stress, but this is creating greater income inequality, the 2020 HILDA survey found. Research from the Household, Income and Labour Dynamics ...

RIR reveals bleak financial upside for disabled people

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... People with profound or severe disability were more likely to rent than the total retired population. Approximately 20% of retirees with severe disabilities rent and approximately 15% of retirees with moderate disabilities. In the population of retirees ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... is building a new retirement product that guarantees a lifetime income, hoping to combat longevity risk and fears that retirees will run out of money. Chief executive Michael Pennisi told a recent member update that the product, while still in the works ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... stable," the report read. Many of the loans had a median term of 7.4 years, while the mean is about five years for early retirees or those under 60 years old. This suggests that this cohort may have the loan as a transitional arrangement for financial ...

Advice for all could add $630bn to economy

JAMIE WILLIAMSON  |  WEDNESDAY, 25 NOV 2020
... Rennie said. "The financial benefits are even greater for young people, who could boost their income by more than 40%, and retirees who could gain an additional 35.7% in their hip pockets," she said. The figures are based on a model which measures income ...

Franking credits more important than ever

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
Many retirees are missing out on additional income because their Australian equity portfolios do not take advantage of the taxation system, according to Plato Investment Management. Plato portfolio manager Peter Gardner said, with interest rates at ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... "Recent reductions in interest rates and dividends also are having an impact on the financial position of many Australian retirees," Fahy added. ASFA said the results display why the superannuation guarantee (SG) should be increased from 9.5% to 12% ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... bargain" where Australians expect the following generation to fund the Age Pension in the same way they did for current retirees. It defined intergenerational equity as a problem affecting the "fairness in the opportunities and outcomes between people ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... leave and government parental leave pay; disclosing super balances in retirement and increased support for lower-income retirees that rent, with more women renting in retirement than men. "It is not the rate of the SG that creates inequality in women's ...