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Showing 31 - 40 of 54 results for "Living cost"

Millennials want homes not retirements

DARREN SNYDER  |  THURSDAY, 26 MAY 2016
The view that Australian millennials would sooner save for a property than retirement has been confirmed in recent industry superannuation fund research. REST Industry Super found that from a survey of more than 1000 millennials, 87% believe the Australian ...

More Australians intend to retire later

ALEX DUNNIN  |  TUESDAY, 29 MAR 2016
The proportion of Australians intending to retire beyond age 65 is increasing rapidly. According to a research note just released by the Australian Bureau of Statistics (ABS), a survey conducted in 2015 showed 71% of people said they intended to retire ...

Modest rise in retirement living costs: ASFA

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
Retirees will welcome a modest rise in cost of living during the September quarter but retirement savings balances are still below par in order to live a comfortable lifestyle. The Association of Superannuation Funds of Australia (ASFA) released its ...

Aged care costs to rise as complexity increases

LAURA MILLAN  |  THURSDAY, 24 OCT 2013
The aged care reform due to start from July 1, 2014, is likely to increase the complexity of the sector's rules, which will raise the costs of aged care services and put further financial strain on families. Advisers will as a result need to take legislative ...

Medical charges put pressure on retiree living costs

ALICE URIBE  |  FRIDAY, 16 AUG 2013
Significant price rises for medical and hospital services have led to a modest increase in the cost of living for retirees according to the latest Australian Superannuation Funds of Australia (ASFA) Retirement Standard figures. The figured for the June ...

Govt to index military age pensions

STAFF WRITER  |  TUESDAY, 30 JUL 2013
... closed in 1991. It will work by applying the higher of the Consumer Price Index (CPI) or the Pensioner and Beneficiary Living Cost Index (PBLCI). The changes come into force from 1 July 2014 to payments to military superannuants aged 65 and over and ...

ETF entrepreneur donates generously to uni

MARK SMITH  |  FRIDAY, 8 FEB 2013
Multi-millionaire global commodities trader Graham Tuckwell and his wife Louise have donated $50 million to fund scholarships for undergraduates at the Australian National University. Under plans laid out in the largest donation ever made to Australian ...

BT Wrap adds Legg Mason real income fund

MELANIE TIMBRELL  |  MONDAY, 6 AUG 2012
The BT Wrap platform has added the Legg Mason Australian Real Income Fund on the back of increased adviser demand for income options. "The Legg Mason Australian Real Income Fund is designed to provide an income solution for investors wanting more than ...

Retiree living costs match CPI

ALEX DUNNIN  |  THURSDAY, 2 AUG 2012
The Pension Beneficiary Living Costs Index rose 0.5% for the June quarter 2012 and 1% across the last 12 months, matching regular inflation. The index, measured by the Australian Bureau of Statistics, tries to capture changes in living costs for retirees ...

Pensioner inflation hits 4.5%

ALEX DUNNIN  |  MONDAY, 15 AUG 2011
... which is up only 3.6% over the same period. The Australian Bureau of Statistics June 2011 Pensioner and Beneficiary Living Cost Index that was released today reveals pensioner costs are continuing to rise faster than normal inflation. The biggest contributor ...