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Showing 431 - 440 of 791 results for "Pensions"

Govt seeks discretion to freeze super guarantee

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... promise." He said the policy was an attack on ordinary people while politicians draw on their generous defined benefit pensions. The government has not yet said how it intends to use its new powers, should the legislation pass the Senate. The government ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... be to halve the number of Australians dependent on the Age Pension by 2050. ASFA expressed concern that account-based pensions on their own do not sufficiently deal with the needs of retirees. It voiced support for "an extra compulsory superannuation ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
Life annuities are not appropriate for default pension products as they lock members' money away, according to Rice Warner chief executive Michael Rice. Rice Warner has devised a default pension product based solely on an account-based pension model. ...

More super changes inevitable: EY report

MARK SMITH  |  THURSDAY, 14 AUG 2014
... adequacy, financial sustainability, performance, efficiency and effectiveness and political awareness in relation to pensions. One area of focus EY has identified for superannuation providers is the need to connect and become customer-centric. "Through ...

FSC bids to lead retirement income debate

MARK SMITH  |  THURSDAY, 7 AUG 2014
... drawdown phases, whether tax concessions cease at a certain accumulation point, lump sums versus compulsory or incentivised pensions, whether Age Pension and preservation ages should be aligned with life expectancy, the assets test and access to the ...

Default pensions 'very logical' solution: Brogden

JAMES FERNYHOUGH  |  THURSDAY, 31 JUL 2014
A MySuper-style default retirement product could be "a very logical" way to encourage retirees to take income streams rather than lump sums, according to Financial Services Council (FSC) chief executive John Brogden. Brogden's comments came in response ...

Telstra offers incentives to switch DB members to accumulation

MARK SMITH  |  THURSDAY, 17 JUL 2014
Telstra has asked for volunteers from its approximately 6,100 employees who are on defined benefit pensions to switch to Telstra Super's accumulation division. "Telstra Super is well positioned to provide the information, education and advice that is ...

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... designed specifically for women, pre-retirees or retirees. Knox admits that the super funds' traditional account-based pensions are the most popular option because they give retirees control and flexibility over their lifetime savings. However, "allocated ...

AMP axes regional head of advice roles

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... of financial planning in Victoria and Tasmania Thomas Reeh left in 2013 recently resurfaced as principal consultant at pensions and superannuation communication business AHC. In his former role, Reeh had franchise oversight of more than 500 AMP financial ...

Platforms pushed by utility as well as technology

ALEX DUNNIN  |  WEDNESDAY, 21 MAY 2014
... Nick Sherry, a former senator who was Minister for Superannuation and who is now senior advisor for superannuation and pensions at Citi, said we have to recognise Australia's superannuation system is one of the most administratively complex in the world. ...