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Showing 361 - 370 of 677 results for "Age Pension"

Act now to ensure super sustainability: Cooper

MARK SMITH  |  TUESDAY, 6 SEP 2016
... added that only the Intergenerational Report should be able to make recommendations for raising the access age for the Age Pension and superannuation and they should be set using measures of life expectancy based on the latest census data.

Retiree expenditure remains modest: study

DARREN SNYDER  |  TUESDAY, 23 AUG 2016
... not own their homes. Self-funded retirees enjoy a significantly higher standard of living than those relying on the Age Pension. Overall, this is the wealthiest retired generation ever in Australian history, with household wealth and income continuing ...

Pension changes will impact retirement adequacy

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
... disappear," Rundmann said. He notes there is a need for greater education among the Australian public, reiterating that the Age Pension is not a right or to be used to supplement an already high standard of living but was a safety net to ensure retirees ...

SMSF trustees increasing use of planners

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
... said consistent with previous years, SMSF trustees have noted inheritance and estate planning, pension strategies, Age Pension, and longevity risk as key areas where they have unmet advice needs. "This year we have also seen an investment strategy review ...

Super industry bodies unite over adequacy

DARREN SNYDER  |  FRIDAY, 5 AUG 2016
... recommended by the Financial System Inquiry (FSI) - being "to provide income in retirement to substitute or supplement the Age Pension." The industry consensus recommends: "To provide an adequate income to ensure all Australians achieve a comfortable ...

UniSuper develops personalised retirement benchmark

KERRIE SYDEE  |  FRIDAY, 29 JUL 2016
... to achieve appropriate post-retirement incomes, around a third of members will likely have to rely heavily on the age pension, highlighting the importance for members to focus on retirement adequacy. UniSuper plans to use the model to benchmark how members' ...

Retirement system needs work: Actuaries

DARREN SNYDER  |  THURSDAY, 28 JUL 2016
... undertaken, the Institute says the super balance exhaustion will only place further pressure on the Federal Budget and Age Pension. Actuaries Institute retirement income working group convenor Anthony Asher says the data confirms research from other ...

"We were wrong about super": FSC chair

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... UniSuper chair Chris Cuffe's comments about how the superannuation system was "never meant to totally replace the Age Pension," Lloyd said that there was little the super industry could do to solve the fundamental problem of Australians not having enough ...

O'Dwyer says life insurance back on the agenda

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... formally-defined objective for the super system - that is, "To provide income in retirement to substitute or supplement the Age Pension." That meant, she clarified, that super shouldn't be used "to accumulate unlimited wealth to pass on to the next generation," ...

Well over $3m in super savings needed

KERRIE SYDEE  |  FRIDAY, 10 JUN 2016
... research concluded that "around $3.2 million is necessary to achieve a retirement income of around four times the age pension - the benchmark set by the treasurer in the budget." It argues that "well over" $3 million is necessary to provide similar comfort ...