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

Search Results

Showing 351 - 360 of 1432 results for "The Age"

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... submissions on solving some of these problems include removing the $450 a week threshold for the super guarantee, lowering the age at which Aboriginal and Torres Strait Islander people can access their supper, increasing support for renters, increasing ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... system encourages Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted the Age Pension is ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... their assets, then with the SG rate remaining at 9.5%, most could achieve adequate retirement incomes when combined with the Age Pension....Maintaining the SG rate at 9.5% would improve the sustainability of the system," the report states. The Michael ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary savings. Additionally, many have pointed to household capital and home ownership ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... influences retirement incomes. Households with more financial assets at retirement are generally less likely to rely on the Age Pension for retirement income," the review said. "Less liquid wealth, such as housing, can also support people in retirement ...

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... Technology Jane Hume, that will form the foundations of future policies. The review went through the three pillars being the Age Pension, compulsory superannuation and voluntary savings with a fine tooth comb. Frydenberg said the review has established ...

SEC chair to depart

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
The chair of the Securities and Exchange Commission (SEC) has announced his intention to depart at the end of 2021, ahead of his term. Jay Clayton has served as chair for over three years and has been one of the longest-serving chairs of the SEC. He ...

FPA announces new specialist designation

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
The Financial Planning Association of Australia (FPA) has launched the FPA Aged Care Specialist professional designation. The FPA said it is committed to providing its members, and wider profession, with the skills and resources to meet the needs of ...