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

Search Results

Showing 41 - 50 of 165 results for "Comfortable retirement"

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... Retirement Standard September quarter 2020 figures which indicate that couples aged around 65 living a comfortable retirement need to spend $62,083 per year and singles $43,901. This marks an increase of 0.3% for couples and by 0.5% for singles on the ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... retirement, this is also impacting the ability of Aboriginal and Torres Strait Islander people to enjoy a comfortable retirement. First Nations Foundation also noted in its submission to the Retirement Income Review that some Aboriginal and Torres Strait ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... O'Halloran said the cost of being sold into a poor quality super fund can mean the difference between a comfortable retirement and struggling to pay the heating bill. "We're especially pleased that the new legislation makes it crystal clear that ...

Hostplus can't be killed: Sicilia

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
... Sicilia said Hostplus could not invest with 0% returns in cash and fulfil its purpose of giving members a comfortable retirement balance. He said it was "non-negotiable" that Hostplus would stay the course of its investment strategy. "The only benefit ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
New modelling from Grattan Institute found most Australians will have a comfortable retirement even if they have taken advantage of the government's early release scheme. The government recently extended the ERS scheme, allowing individuals who have ...

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... on average each year. Further, ASFA anticipates that by 2050 half of all retirees will have achieved its Comfortable Retirement Standard, which is currently $44,200 per year for a single person or $62,400 for a couple. Still, women will continue to be ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... women's lower super balances are highlighted on International Women's Day. The two key factors for a more comfortable retirement are marriage and home ownership, but with higher divorce rates and escalating property prices closing the gap in super balances ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... to super members would be more impactful than an uplift in the superannuation guarantee, and that ASFA's comfortable retirement standard was not suitable for most Australians. In its submission, the researcher said a reduction in average super fees - ...

Industry-made retirement models are self-serving: SCA

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... of Superannuation Funds Australia (ASFA) are not reliable and overstates how much a person needs for a comfortable retirement. "The reliance on the ASFA standards has affected media and public perceptions of what constitutes an adequate retirement income," ...

Super chief opposes SG increase

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... "realistic." "Although the current 9.5% compulsory rate is not enough to grow superannuation savings for a comfortable retirement, Australia is in a period of low wage growth therefore an increase in the contribution rate is not realistic at this point ...