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Showing 21 - 30 of 80 results for "Australian retirees"

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... to spend $64,771 per year and singles $45,962, up by 1.5% and 1.6% respectively on the previous quarter. "Australian retirees are now facing significant pressure on their budgets from non-discretionary inflation," ASFA deputy chief executive Glen McCrea ...

IFM, Citi pour $300m into Household Capital

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... home equity more efficient, more available and more reliable for retirees. This funding facility delivers Australian retirees low interest rates which mean more access to their home equity retirement funding." Household Capital chair Nick Sherry added ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
... superannuation balance at retirement to increase from around $125,000 at present to over $460,000 by 2060. "With more Australian retirees having higher super balances, the proportion of retirees reliant on the Age Pension will decline and ASFA expects ...

Deborah Ralston joins Household Capital

JAMIE WILLIAMSON  |  THURSDAY, 13 MAY 2021
... population." Household Capital chief executive Joshua Funder welcomed Ralston and thanked Diamond for his service. "Australian retirees are on paper the wealthiest in the world. Unlocking the funds tied up in the third pillar of their balances, their ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... further diversify our distribution channels," Howes said. "Term deposits represent a significant asset class for Australian retirees and entering the market provides an opportunity to play a greater role supporting the retirement incomes of our customers ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... "Recent reductions in interest rates and dividends also are having an impact on the financial position of many Australian retirees," Fahy added. ASFA said the results display why the superannuation guarantee (SG) should be increased from 9.5% to 12% ...

RBA cuts rate to new historic low

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
... savers around Australia. "Today's rate cut just extends the pain that's been felt by many thousands of Australian retirees who rely on income from cash savings. Those savers are now virtually paying banks to hold their money, and are clearly ...

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... superannuation system has benefited Australians but many retirees had balances too low to sustain their lifestyle. "Australian retirees whose balance has been affected by market disruption throughout 2020 may have to reconsider what their retirement ...

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... with superannuation and investment portfolios "decimated", and dividends and term deposits at all-time lows, Australian retirees need help to fund their retirement. "We are delighted Chris has agreed to join us on a full-time basis," Funder said. "His ...

Technical Services Forum: Testing risk tolerance

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... income strategies in these uncertain markets," he said. In the decade after the GFC, Lowe said over half of Australian retirees were concerned about the prospect of a future significant event or crisis. "Out of those, a fifth felt concerned that in the ...