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Showing 21 - 30 of 54 results for "Living cost"

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Super fund advice not useful: Research

JAMIE WILLIAMSON  |  THURSDAY, 6 MAY 2021
While 50% of Australians expect superannuation funds to advise them on retirement, only 16% of those who have sought advice from their fund believe it was useful. That's a key finding of UK fintech Smart's The future of global retirement report, looking ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review (RIR) has discussed the possibility of a fifth pillar in Australia's retirement income system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
While the overall inflation rate has been low, retirees are seeing a "steep" increase in the cost of basic items, according to the Association of Superannuation Funds of Australia. In ASFA's latest Retirement Standard, it found over the year to June ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
Now that's how you jawbone a currency. The British pound soared to pre-Brexit levels against the US dollar and the Japanese yen - and to a two-month high against the strengthening euro - at the close of last week's trading. And no, it's not because ...

Retirement income fund launches

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2017
A former Investors Mutual senior portfolio manager has re-entered the retirement income market through a multi-affiliate group, launching a fund which offers more choice in the competitive sector. Launching his own funds management firm in partnership ...

Industry fund teams with Challenger on retirement

EMMA RAPAPORT  |  THURSDAY, 27 APR 2017
Industry superannuation fund legalsuper is expanding its retirement product offering with the addition of two Challenger guaranteed income accounts. Both Lifetime and Fixed Term guaranteed income accounts will now be available - to provide members with ...

ASFA slams Grattan as 'out of touch'

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
The Association of Superannuation Funds of Australia (ASFA) has labeled the Grattan Institute as 'out of touch' following its claims that the age pension and rent assistance would provide an adequate retirement for Australians. In a statement, ASFA ...

Cities over countries for TH Real Estate

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
Understanding local, long-term structural trends is key to preserving investment value and unlocking performance growth in cities throughout the US, Europe and Asia-Pacific, according to TH Real Estate. The firm's head of global research Alice Breheny ...

Pension changes will impact retirement adequacy

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
Impending changes to the aged pension asset test thresholds will have a significant impact on the number of couples able to achieve a comfortable retirement, according to new research from Willis Towers Watson (WTW). The joint research from WTW and ...