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Showing 381 - 390 of 1242 results for "Retirees"

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... to allow the various changes to be bedded down," it said. "Stability in policy settings is also crucial in regard to retirees and those approaching retirement being confident to spend and thereby support activity in the economy. "Higher taxes and/or ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... withdrawal period. Challenger also said it will deliver an immediate increase in age pension for certain asset tested retirees. In its FY20 results reported on August 13, Challenger Life - which includes annuities as well as other life products - saw ...

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... platform and be eligible to make a downsizer contribution. DomaCom chief executive Arthur Naoumidis said: "The ability for retirees to help themselves by modifying their personal balance sheets and moving some of their financial resources tied up in ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
... will impact all members with some of their super invested in any of the Your Choice Asset Classes as at September 30. Retirees will also see changes, with the fund opting to close its Defensive option, impacting HESTA Retirement Income Stream and Term ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... guidance was an improvement but banks need to resume paying dividends. "APRA's latest guidance is somewhat of a relief for retirees who rely on bank dividends to make ends meet," Hamson said. "However, it must be remembered that a 50% payout ratio is ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... Commission's final reports) but was tasked with setting 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 ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... decades include the increased dominance of the not-for-profit super sector and the amount of super savings attributable to retirees continuing to rise. "The contracting role of retail offerings in proportional terms is a transition that could fundamentally ...

Industry funds team up in longevity search

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... not limiting itself to CIPRs' requirements of guaranteed income), with a longevity element. Carruthers says currently, retirees are implicitly using about 30% of their account based pension balances as a form of self-insurance/longevity protection by ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... over their APRA-regulated counterparts, according to insights from Rice Warner. Rice Warner said SMSFs cater well for retirees as their structures are more sensible and allow retirees to manage their finances properly. The company said despite their ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... down the findings from the Retirement Income Review that Federal Treasurer Josh Frydenberg launched last year. He said retirees' needs fall into just five categories: a high income, an income that lasts (including for a spouse), a stable annual income ...