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Showing 481 - 490 of 1381 results for "Retirement income"

Young-old wealth gap widest in 18 years

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... tightening superannuation tax concessions (also a call from Grattan Institute, as superannuation industry awaits the Retirement Income Review's final report) and greater action to mitigate climate change.

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
New research released by illion found that 38% Early Release of Super (ERS) applicants saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... sustainable strategy to retail investors by the end of the year. In an update on Magellan's in-the-works retirement income product, the firm said it has received a private binding ruling from the ATO (that gives it an idea of the taxation) and is ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
... September 30. Retirees will also see changes, with the fund opting to close its Defensive option, impacting HESTA Retirement Income Stream and Term Allocated Pension members. All those invested in the option will be transferred to the Conservative option ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... guarantee increases," ISA said. "The case for lifting the super guarantee as the best way to provide an adequate retirement income to Australia's ageing population, who are living longer, was overwhelming before the Coronavirus downturn." ISA chief executive ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... retirement would fall by only $24,000. "Put another way, in retirement that worker would earn 88% of their pre-retirement income instead of 89%," it said. "Both are well above the 70% post-tax replacement benchmark used by the Organisation for Economic ...

Rejigging retirement income: First Sentier Investors

ANNABELLE DICKSON  |  MONDAY, 10 AUG 2020
In terms of retirement income solutions, there is a need to balance the fine line between making things simple and making them simplistic, according to Rudi Minbatiwala head of equity income at First Sentier Investors. Speaking as part of the Actuaries ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... that flow through into wages and we would like to see it going ahead because it's an important boost to their retirement income given the large withdrawals we've seen from the early release scheme," she said. Campo added Cbus has performed its own internal ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
The Australian Institute of Superannuation Trustees has pushed for greater regulatory reform, in a bid to scale up super fund investment in infrastructure, energy and housing. In a statement sent to state governments, relevant department heads and the ...

Good quarter but bad year for US instos

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... 11.14% in the three months to June but year-to return date segments stand at -3.8%. Corporate ERISA [Employee Retirement Income Security Act] pension plans returned 10.55% at the median in June quarter. Median ERISA pension plan had 37% of its total ...