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Showing 41 - 50 of 108 results for "Retirement Income Review"

Home ownership shouldn't be at expense of super

ELIZA BAVIN  |  FRIDAY, 27 NOV 2020
... the chair of retirement income at Challenger, Jeremy Cooper. Speaking at the virtual ASFA Conference, Retirement Income Review Analysed, Cooper said that while home ownership is undoubtedly an important element in a comfortable retirement it should not ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... should be increased from 9.5% to 12% as legislated. This comes in the wake of the government releasing the Retirement Income Review which did not indicate increasing the SG is as necessary as associations like ASFA believe. "Over the year to September ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... objective, but the comprehensive government review found the industry cannot agree on what that should be. The Retirement Income Review report found the role of the pillars - superannuation, savings and the Age Pension - have to be determined in terms ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... retirement outcomes in Australian society should be an objective of the retirement income system, but the Retirement Income Review raised concerns about some falling through the gaps. In 2018, the median super balance for Aboriginal and Torres Strait ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
The opposition party, Industry Super Australia (ISA) and unions have criticised the Retirement Income Review and say the super guarantee (SG) must rise. Labor leader Anthony Albanese said the government is looking for excuses to break its promises. ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted the Age Pension is funded by working Australians which in turn creates a "generational ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
While not making explicit recommendations, the Retirement Income Review has warned against increasing inequities already in the system, citing that a rise in the super guarantee would benefit men more than women. The review has stated that consideration ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... Australia's financial advice sector the industry has faced a crackdown from regulators, but now the Retirement Income Review has called for greater access to financial advice. One of the key observations of the report was: "The retirement income ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review (RIR) acknowledges the Age Pension as providing a safety net for those who do not have the means to create their own minimum ...