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

Search Results

Showing 371 - 380 of 1381 results for "Retirement income"

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
The federal government unveiled the long-awaited Retirement Income Covenant exposure draft legislation and is taking industry feedback until October 15. The document sets out the obligations of superannuation trustees in designing a strategy for retirees ...

Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
... "This is because the resulting additional demand for housing will not be matched by an increase in supply. The Retirement Income Review, a Senate Inquiry and Grattan have all rejected 'super for a house'." Not only would allowing early access to super ...

Why advisers must understand Retirement Income Covenant

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
Challenger chair, retirement income Jeremy Cooper presented to the AFA conference, discussing the new Retirement Income Covenant and how it will impact advisers. While the Retirement Income Covenant does not apply any new obligations to financial advisers ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
Mercer's David Knox says super funds won't be able to meet the Retirement Income Covenant's requirements via account-based pensions alone and will have to look at other solutions. The government's latest guidance on the Retirement Income ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... such as claims handling. ASIC plans to focus on internal dispute resolution in superannuation and consult on retirement income calculators and projectors. "ASIC has an important role to play in promoting economic recovery and confidence in the financial ...

Older Australians overlooking age care costs

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... better information and greater simplicity in the financial requirements to help with planning. Challenger head of retirement income research Aaron Minney said: "Like other aspects of retirement planning, people find it hard and often confronting when ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... "Consumers' decisions about their superannuation are significant long-term financial decisions affecting their retirement income. Financial institutions seeking to influence those decisions by providing financial product advice, must comply with ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... (based on current Age Pension and means testing rules) to be the most appropriate rate, which is a contrast to Retirement Income Review's view of current SG rate being sufficient for most Australians and any increases depressing wages. The paper ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... to extend COVID pension withdrawal schemes. "Unrestricted withdrawal of pension savings intended to provide retirement income without repayment will undermine the retirement security those funds are intended to provide," Scheerlinck said. "This will ...