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Showing 421 - 430 of 1242 results for "Retirees"

Allianz Retire+ moves to increase retiree confidence

HARRISON WORLEY  |  TUESDAY, 3 MAR 2020
... by default. Allianz Retire+ head of product and customer experience Jacqui Lennon said the new tool could help ensure retirees can live more comfortably, noting the number one fear they experience is directly related to their ability to fund the rest ...

Industry-made retirement models are self-serving: SCA

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... flaws, making them inappropriate for an increasing number of people. "Existing models overestimate what most middle-income retirees will need, and fail to model scenarios for people who rent a property or are still paying off their mortgage, a category ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
... higher," Coates said. "ISA's conclusion that higher SG is needed also relies on the assumption that spending needs rise as retirees age, when in fact spending falls by around 15-20% between ages 70 and 90." Coates said Grattan's research shows that most ...

Higher super contributions make Aussies feel safer

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... small increase in their super contributions can make a significant difference". The research also shows that while non-retirees don't often seek information about their financial situation in retirement, when they don it usually leads to actions improving ...

SG increase will hurt women: NFAW

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... that the objective of superannuation is not well understood in the community. "There is evidence that the majority of retirees are now drawing down on their superannuation in the form of a pension, most commonly an account based pension," it said. "However ...

Costs spiral for baby boomers

ALLY SELBY  |  TUESDAY, 18 FEB 2020
Aussie retirees will have to fork out an extra $1292 a year to live comfortably, and they have the drought and rising house prices to blame. The Association of Superannuation Funds of Australia (ASFA) found that over the year to the December quarter ...

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... good quality data," it said. "Australians tend to underspend in retirement for fear they will outlive their money. Some retirees are net savers. But a lack of data means it is difficult to know if retirees have an adequate level of income."

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
One of the country's largest industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
... having lower levels of retirement income due to the means testing of the pension. "The system implicitly encourages these retirees to spend additional savings or redirect them towards exempt assets like their homes, instead of choosing to invest them ...

Retirement funding system failing: Report

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... consultation paper released late last year. The report said the purpose of the review is to ascertain the degree to which retirees are supported by superannuation, the age pension and other savings including home equity. "However, as evident from a recent ...