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Showing 41 - 50 of 197 results for "Pensioner"

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
A new report ranking US public pension funds by their ability to pay future benefits suggests several will likely go insolvent as a result of COVID-19. The issues facing public pension funds in the US are widely known, and while it's not clear how ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The chief executive of Catholic Super and Equipsuper has shared new data revealing a sharp increase in enquiries on life insurance and updates to death nominations for essential workers. Scott Cameron said the five offerings over which he serves as ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
Mission accomplished! This would have been the Reserve Bank of Australia's (RBA) self-congratulatory exclamation after the Australian Bureau of Statistics (ABS) reported that annual headline CPI inflation accelerated to 2.2% in the March quarter ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Executives and directors of a $12 billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
Self-managed super fund professionals and trustees may be feeling some deja-vu, as the same measures that were used in 2008 have been brought in to guide the sector through the COVID-19 pandemic. Terry Pinnell, chair of the Ethical Advisers' Co-op ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
A University of Melbourne finance professor and Super Consumer Australia director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
It's official! The World Health Organisation (WHO) has declared COVID-19 a pandemic. Uh, scary! But what's in a word? According to the ABC : "An outbreak is a sudden rise in cases of a disease in a particular place. An epidemic is a large outbreak. ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

Pensioners lose decades of savings in 24 hours

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
New analysis out of the UK has found that the average amount pension scam victims lost in 2018 amounts to 22 years of savings. As part of a campaign called ScamSmart, the UK Financial Conduct Authority and The Pensions Regulator have revealed £82,000 ...