Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 541 - 550 of 677 results for "Age Pension"

Ageing population threatens welfare system: Hockey

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... health and welfare systems could cope with the country's ageing population and asked for a debate about the cost of the age pension. Hockey spoke during the G-20 Finance ministers meeting that took place in Sydney this weekend. "An ageing population ...

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
... won't register you." He said the perception the SMSF trustees could invest irresponsibly, thus putting pressure on the age pension, was a "furphy". "The 'self' part of SMSFs is very important. You've got a whole lot of self-interested people who have ...

Looming pension deeming rules "lack clarity"

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... the 2014 SPAA SMSF National Conference in Brisbane today that the bill that will change the deeming rules for the Age Pension income testA "only needed two more votes to be passed by the House of Representatives." "We have ten months to get our heads ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... retirement was making the issue all the more urgent. The Actuaries Institute also recommended the government increase the Age Pension eligibility age in line with changing life expectancy, and changing the design of MySuper options to better prepare ...

A third of Australians expect major shortfall in retirement

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... parallel piece of research, Club Plus Super highlighted that average 65 year old retirees might be forced to rely on the age pension to fund their lifestyle after about six years of retirement. The super fund suggested that "Australians should focus ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... timing was "yet to be settled." In its submission, ASFA also called on the government to scrap its plans to change the Age Pension income test to include account-based income streams. It said such a measure could cost couples $1000 a year in Age Pension ...

MySuper lifecycle options not for everyone: AusSuper

JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
... we really do have to continue to try and grow their savings." He also said that it was important to factor in the Age Pension when considering at what point to adopt a more defensive investment strategy. "For the majority of our members they have a claim ...

SPAA defends status quo on SMSF regulation

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
... look at this possibility. Vamos said that, as the super system is designed to take pressure off the taxpayer-funded Age Pension, an inquiry would need to look at whether the tax exemptions currently granted SMSFs are appropriate. She said the answer ...

Industry bodies clash over pension age

LAURA MILLAN  |  MONDAY, 25 NOV 2013
The Productivity Commission's suggestion to lift the age pension to 70 years old has received a mixed reaction from financial services industry bodies. The Financial Services Council (FSC) is in favour of raising the preservation age for superannuation ...

Lift aged pension to 70: Productivity Commission

ALEX DUNNIN  |  FRIDAY, 22 NOV 2013
... was much better targeted, warned the report. The PC said the government should consider are eventually lifting the age pension to 70 and introducing better equity release programs so retirees can use their asset base to help pay for their living and ...