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Showing 361 - 370 of 1242 results for "Retirees"

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... thinking it should be free." The review pointed to research by First State Super (now Aware Super) which compared unadvised retirees with those receiving advice. Among the unadvised cohort, 7.7% switched investment options between February and April ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... 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 (RIR) acknowledges the Age Pension as providing a safety ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... programs. "This acknowledges the important role social transfers in kind play in supporting effective living standards for retirees," the RIR noted. "Some social transfers in kind are targeted based on needs, while others are universal. Social transfers ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... principal residence in the assets test particularly benefits age pensioners with high-value homes," it said. "Around 15% of retirees on the Age Pension own homes worth more than $1 million. The RIR noted that the larger free areas in the assets test ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... superannuation and help fund their retirement. Accessing home equity can offer a responsible, long-term solution to allow current retirees to boost their retirement funding." Associate professor in the School of Economics, Finance and Marketing at RMIT ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... Productivity Commission's final reports) but set the facts on four areas: how the retirement income system supports retirees, the role of each pillar in retirement, distributional impacts across the population and over time, and the impact of current ...

Generation flags Ascalon closure

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... investors in April 2021. The Generation Life Market Linked Annuity is due to launch at the end of FY2021 and aims to provide retirees with income for life. "The possibility of someone outliving their savings is one of the biggest risks facing many retirees ...

Old problem needs new solution: Research

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
... according to Allianz Retire+. Following the Reserve Bank of Australia's (RBA) latest cash rate cut, down to 10 basis points, retirees with a large allocation to cash are not able to generate sufficient levels of income. Further to this, Allianz Retire+ ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... for at least 12 months before transferring their savings to the pension account. "This bonus will also help encourage retirees to keep their savings invested by opening a Super Stream account-based pension, rather than withdrawing their retirement savings ...

Majority of Aussies want SG rise: ASFA

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... legislated increase of the SG to 12%, and as the superannuation system matures, we expect to see a greater proportion of retirees relying less on the Age Pension and more on their superannuation," Fahy said. On ESG factors, the survey found that super ...