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Showing 361 - 370 of 1356 results for "Retiree"

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
New research claims that the majority of Australians deplete their superannuation savings before death, countering the Retirement Income Review's findings. The Association of Superannuation Funds of Australia (ASFA) claims that most retirees run out ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
Speaking at the Sydney leg of Financial Standard's Adviser Big Day Out tour, Pengana Capital equity analyst Ryan Fisher said near zero-interest rates is perpetuating the rich getting richer and the poor getting poorer. "The zero-interest rate policy ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
QSuper has officially launched its new product to meet the increasing demand for guaranteed retirement income well ahead of the federal government's mandate. Lifetime Pension provides tax-free fortnightly payments for members aged between 60 and ...

Women don't own fair share of super

ELIZABETH MCARTHUR  |  TUESDAY, 9 MAR 2021
... represent only 43% of the age groups respective funds under management. Women make up 53% of retirees yet own just 44% of retiree superannuation FUM. "Women own four in every $10 of Australia's superannuation wealth," Rainmaker executive director of ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
New research shows superannuation funds with females holding an executive position continue to outperform male counterparts. Of the 50 super funds analysed in Rainmaker's annual W-Index, one-third of leadership roles such as chairs of the board ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
The cost of food and healthcare continue to eat up retirees' nest eggs, according to a retirement index that shows overall day-to-day necessities are becoming too expensive. The latest estimates from the Association of Superannuation Funds of Australia ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The Federal Treasurer is confident that the Retirement Income Covenant will go ahead in mid-2022 despite several issues that need to be ironed out. In addressing the 2021 Council of the Ageing (COTA) National Policy Forum on Retirement Income this morning ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
Commonwealth Bank has rewarded shareholders with a generous dividend payout despite its latest results falling short of expectations. December 2020 half-year results show the bank's net-profit after tax dipped 21% to $4.9 billion on the prior corresponding ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
The investment manager recorded a marginal increase in statutory net profit after tax (NPAT) to $222.8 million, up $2.4 million on the previous corresponding period in its half-year results. On a normalised basis, NPAT dropped by 29% to $136.8 million ...