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Showing 31 - 40 of 73 results for "Retirement Standard"

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... the cost of basic items, according to the Association of Superannuation Funds of Australia. In ASFA's latest Retirement Standard, it found over the year to June quarter 2019 costs rose by 1.5% for retiree couples at both the 'comfortable' and 'modest' ...

Axe super for low-income earners: Senator

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
A newly elected Liberal Senator wants to make superannuation voluntary for those earning less than $50,000 per annum. Lashing the super industry in his first speech to the Senate, new Liberal Senator for New South Wales Andrew Bragg said compulsory ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... and 64 are retiring with a median balance of $154,453 - although this is well below ASFA's comfortable retirement standard of $545,000. Women tend to retire with $122,848 compared to males who end up with a median balance of $154,453. The good news ...

Australians retire too wealthy: Grattan

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... reducing contribution limits and imposing a uniform tax rate in retirement of 15%. Daley was critical of the ASFA retirement standard, which according to the Grattan modelling, is too generous. He sees superannuation's purpose as allowing people ...

Rising costs outpace retiree savings

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
... of goods and services, a retirement index shows. The Association of Superannuation Funds of Australia's Retirement Standard for the March quarter estimates retired couples need $61,061 per year to live a comfortable retirement, while singles need ...

Pre-retirees fear longevity risk: AustralianSuper

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
... that goal. This is slightly higher than the Association of Superannuation Funds of Australia's (ASFA) retirement standard which suggests single retirees with $545,000 in savings can comfortably live on $43,000 per year for 25 years. Further, about ...

Time to move beyond "cheap and generic" retirement products: Milliman

ALEX BURKE  |  WEDNESDAY, 7 MAR 2018
... Blacktown." He noted that while the Association of Superannuation Funds of Australia positions its "comfortable" Retirement Standard at $44,011 per annum for a single person aged around 65 and $60,457 for a couple, the vast majority of retirees Milliman ...

Managing the three pillars of retirement

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... spending and growth assets for the long-term. Using the Association of Superannuation Funds of Australia (ASFA) retirement standard of an approximate $550,000 nest egg corresponding to spending of $44,000 per annum, Teh said that retirees would need ...

Super funds must do more digitally

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2017
Digital advice is seen as a must by 80% of superannuation funds, yet less than 20% have engaged in or are looking to implement digital advice. A majority of super funds have only begun investing in online strategies in the last three years. New findings ...

Australians failing to act on increased retirement cost

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... unlikely to do anything about ensuring they achieve it. The Association of Superannuation Funds of Australia's Retirement Standard, which tracks the rise and fall of items included in average household budgets, shows that between June 2006 and March ...