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Showing 471 - 480 of 1242 results for "Retirees"

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... said. The association also pulled apart Grattan's assumption that increasing the SG to 12% would not make a difference to retirees, noting that for a person earning $60,000 a year (roughly Australia's median wage) would be $69,000 better off in retirement. ...

Super funds hard to engage with: Research

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... millennials are the fund members who care the most about responsible investing and ESG concerns. Forty three percent of retirees ranked responsible investing as very important to them, compared to 28% of millennials. "There is strong interest in ESG-centric ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
A new Challenger white paper suggests the superannuation system is broadly effective and delivering objectives for retirees - but it is still leaving some members behind. Citing APRA figures, members aged 65 and over have $800 billion tucked away in ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... initiatives he vowed to tackle as soon as the Liberals were re-elected. There is currently very little guidance on how retirees drawdown their savings upon retirement, she said, noting that the review will ultimately prompt super funds to develop a retirement ...

Retiree savings won't last: World Economic Forum

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
... result. However, the report says savings have not accelerated fast enough to address this deterioration and, as such, most retirees in six nations - Australia, Canada, Japan, the Netherlands, the UK and the US - can expect to live past their savings ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... two-year research project on reverse mortgages to find why their uptake has been slow in Australia. Reverse mortgages allow retirees to borrow money against their homes to supplement their retirement income. From July 1, they will be available to a wider ...

SG below 10% fails super objective

HARRISON WORLEY  |  FRIDAY, 7 JUN 2019
... anything below 10% would not be enough. "A higher level will provide a more comfortable lifestyle for a greater number of retirees. However, higher levels will also require adjustments to tax and contribution thresholds in order to moderate the benefit ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
Age pensioners may be able to borrow up to $54,000 against their family home from July 1 but retirees must weigh individual circumstances before applying for the revamped Pensioners Loan Scheme, says AMP. The scope of the Pensioners Loan Scheme, which ...

Australians retire too wealthy: Grattan

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... standard is misleading because it implies anything less than that is uncomfortable. As evidence, Daley produced surveys of retirees who reported their own perceptions of their financial health. "Over 65 households say they are under much less financial ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... sufficiently remediated, the Commission recommended. It should also consider cost-effective options, including giving retirees access to a one-off, impartial information session to help them navigate complex retirement income decisions, and explore the ...