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| | | ... the private wealth services business. Foster will be responsible for Equity Trustees advice services, including its aged care advisory and placement businesses, corporate superannuation advice and personal wealth management. Foster has over 20 years ... |
| | | | ... and superannuation funds have to look at is the post-retirement stage and how it interacts with the aged pension and aged care. Also, the industry needs to switch the focus from just revenue to people. "We need to change the discussion away from focusing ... |
| | | | ... Care Annuity is the fastest growing annuity product in Challenger's history and with around 58,000 people moving into Aged Care in 2011 alone this represents a large, fast-growing and under-served market," he said. "Ours is a unique product available ... |
| | | | ... strategic advice and corporate financial services. Penmarric worked with Masonic Capital last year when it sold its aged care business for $60 million to Adelaide-based ECH. The business is now concentrating fully on seniors' lifestyle developments. |
| | | | ... that part or all of the payments received (the Deductible) is tax free; not included when calculating income tested aged care fees, and not included by Centrelink when calculating social security benefits. "The combination of a low risk fixed income ... |
| | | | ... would be lifting superannuation contributions to 15%, with the additional 3% to go towards meeting health costs and aged care, said Keating. "This final compulsory 3% of wages could come in two ways: through the labour market via the SG [superannuation ... |
| | | | ... quarter to half of all total Australian government spending specifically directed to health, age-related pensions and aged care by 2050. "The writing is on the wall that we must improve productivity if we are going to cope with an aging population," ... |
| | | | ... clueless," said Bateman. Unlike the US, where much of the retirement focus has moved from wealth to thinking about income and aged care, she said that Australians' remained overly preoccupied with the accumulation of wealth. What should be equally concerning ... |
| | | | ... force retirees to depend on the Age Pension at a stage in their retirement when they may be faced with higher health and aged care costs. With life expectancy now 79 for men and 84 for women, compared with 73 for men and 80 for women in 1992, "the time ... |
| | | | ... becomes part of a broader private wealth services business, along with our private client trustee, wealth management and aged care advisory activities, and the appointment of Anne as chair of ETSL is an important step in this restructure. "A few years ... |
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