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Showing 41 - 50 of 73 results for "Retirement Standard"

UniSuper redefines comfortable retirement

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
... a lower income, it varies for each individual." Traditionally superannuation funds have relied on the ASFA Retirement Standard of $59,619 a year for a couple and $43,372 a year for a single individual to benchmark how members are tracking retirement ...

Half of Australian households will be retire ready

EMMA RAPAPORT  |  TUESDAY, 7 FEB 2017
... retirement, according to the latest CommBank Retire Ready Index. The report, which bases their comfortable retirement standard on the Association of Superannuation Funds of Australia definition, said that an individual's superannuation savings, combined ...

ASFA slams Grattan as 'out of touch'

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
... 2016, the public policy think tank recommended that the committee reject the use of the ASFA 'comfortable' retirement standard as a benchmark for the system, saying that this standard supports an "affluent lifestyle more luxurious than most households ...

Super funds becoming retirement ready

ALEX DUNNIN  |  MONDAY, 14 NOV 2016
... individual staff pay outcomes," Atkin said. He said these retirement readiness measures use ASFA's modest retirement standard as their target benchmark as they assess whether the member's individual and collective saving trends are on track to deliver ...

$1.6 million cap will not derail retirement

DARREN SNYDER  |  MONDAY, 12 SEP 2016
... probability that a $50,000 annual income will last to 80%. McCulloch said it was important to remember ASFA's retirement standard estimates that older retirees need about 10% less than younger retirees to fund a comfortable standard of living. "This ...

UniSuper develops personalised retirement benchmark

KERRIE SYDEE  |  FRIDAY, 29 JUL 2016
... tracking towards their retirement goals. While superannuation funds have traditionally relied on the ASFA retirement standard to benchmark how members are tracking, UniSuper's retirement adequacy index uses salary based targets to determine more individually ...

ASFA backs super boost pledge

DARREN SNYDER  |  FRIDAY, 8 JUL 2016
... huge gap between the current average super balance, $112,000 for women and $198,000 for men, versus ASFA's Retirement Standard of $545,000 for a single person or $645,000 for a couple to live a comfortable lifestyle in their retirement." ASFA said that ...

UniSuper creates member comparison tool

DARREN SNYDER  |  WEDNESDAY, 29 JUN 2016
... the super sector with many Australians uncertain whether they will have enough money to maintain their pre-retirement standard of living. "In our view, superannuation's primary purpose is to smooth consumption over a person's life by replacing income ...

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 ...