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Showing 41 - 50 of 65 results for "Retirement Standard"

Retirees face deflationary conundrum

DARREN SNYDER  |  THURSDAY, 2 JUN 2016
... closer to achieving adequate retirements. The Association of Superannuation Funds of Australia has released its Retirement Standard quarterly update and it shows a substantial fall in petrol prices offset an increase in the cost of pharmaceuticals, health ...

Reforms aimed at supporting women

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
... need to be done to actively boost the super savings of this lower paid group to help them reach a comfortable retirement standard." Similarly, chief executive officer at Australian Institute of Superannuation trustees (AIST) Tom Garcia said that the ...

Modest rise in retirement living costs: ASFA

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
... live a comfortable lifestyle. The Association of Superannuation Funds of Australia (ASFA) released its latest retirement standard figures today, showing couples aged around 65 need to spend $58,915 per year for a comfortable retirement (singles $42,962). ...

Women own less than 40% of super assets: ASFA

DARREN SNYDER  |  TUESDAY, 8 DEC 2015
... times the average balances of $20,000 for men and $14,000 for women two years earlier. According to the ASFA Retirement Standard, a single person will need a minimum of $545,000 in superannuation at retirement to live a comfortable lifestyle. This is ...

Australians are hardly retirement ready

DARREN SNYDER  |  THURSDAY, 27 AUG 2015
Australians on the verge of retirement are least likely to be retirement ready according to new analysis from Commonwealth Bank. Reviewing the data of more than 12 million Australian superannuation accounts as at 30 June 2014, CommBank and Rice Warner ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... to be further busted after the Association of Superannuation Funds of Australia (ASFA) released its latest retirement standard. However the updated ASFA figure suggests Australian's will need to increase their super balances by up to $130,000 for a comfortable ...

Retiring 'comfortably may require 3 income building blocks: Legg Mason

PROMOTED BY LEGG MASON  |  TUESDAY, 21 JUL 2015
... couple fully invested in such products will need at least $1.851 million to live comfortably, based on the ASFA retirement standard of $58,4442. For those with a more modest nest egg the simple way to retire comfortably would be to invest in higher income ...

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... people may have different expectations of what they will need to spend to live a comfortable retirement, the retirement standard sets a benchmark for the minimum amount required." Under the current Age Pension assets test framework, ASFA estimates a ...

Mercer launches retirement income strategy test

DARREN SNYDER  |  WEDNESDAY, 6 MAY 2015
Global consultancy firm Mercer recently launched a framework for super funds that reportedly tests and determines what the best retirement income strategies and products are. Titled 'Retirement Income: A framework for a complex problem', the document ...

Only a quarter of Australians contributing to reach retirement goals

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
While over half (55.2%) of Australians know how much savings they will need for a comfortable retirement, only a quarter (24.5%) are making additional super contributions to reach this goal, according to a survey commissioned by Club Plus Super. Club ...