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Showing 391 - 400 of 1356 results for "Retiree"

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... in kind are targeted based on needs, while others are universal. Social transfers in kind support adequacy by reducing retiree's living costs, and therefore boosting their effective living standards for a given level of income." The review noted this ...

Homeowners given preferential treatment: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review (RIR) has found home ownership is an important element in an adequate retirement, but not at the expense of all other income generating options. The potential fourth pillar of the Australian retirement income system, accessing ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
Nearly four months after Treasury received the Retirement Income Review's final report, it is expected to be released to the public tomorrow. An independent three-person panel of Treasury veteran Mike Callaghan, former Future Fund board member and ...

Generation flags Ascalon closure

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
ASX-listed Generation Development Group has confirmed its intention to wind up Ascalon Capital Managers, just two years after acquiring it from Westpac. It also announced plans to launch an income fund and a lifetime annuity. Generation has announced ...

Old problem needs new solution: Research

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
Financial advisers need to adopt a new approach to providing income for retiree clients, according to Allianz Retire+. Following the Reserve Bank of Australia's (RBA) latest cash rate cut, down to 10 basis points, retirees with a large allocation to ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
A profit-for-member super fund is providing a tax rebate for members who choose an account-based pension. Intrust Super's introduction of the Pension Transfer Bonus (PTB) is aiming to help members increase their retirement balances if they choose ...

Majority of Aussies want SG rise: ASFA

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
Around 75% of Australians want the superannuation guarantee to rise to 12%, according to a survey commissioned by the Association of Superannuation Funds of Australia (ASFA). ASFA said 1375 Australians were surveyed in October by Utting Research about ...

RBA cuts rate to new historic low

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
The Reserve Bank of Australia (RBA) has announced another rate cut, bringing the cash rate down to 0.10% for the first time in history. Not only that, but RBA governor Philip Lowe announced a ramp up of quantitative easing measures, bringing in a new ...

Retirees value home over super: Research

ANNABELLE DICKSON  |  FRIDAY, 9 OCT 2020
Retirees wish to remain in their own home despite the value of their properties being significantly more than their superannuation balances, new research shows. Household Capital's 2020 Retirement Outcomes survey reveals 73% of homeowners aged over ...