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Showing 41 - 50 of 323 results for %22Aged Pension%22

Retired Aussies deserve more: Household Capital

CHLOE WALKER  |  TUESDAY, 26 APR 2022
... retirement equity provider has called out superannuation funds to provide more solutions for their members in retirement and aged care. Joshua Funder, Household Capital's chief executive, said that many Australians do not have enough funds in their superannuation ...

Tough news for those already doing it tough

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... end of March 2021. Expenses in social security and welfare overall - which includes expenses for pensions, services to the aged, unemployment support, disabilities support, income support and compensation for veterans - are estimated to decrease by 5.9% ...

Childcare key to super gap

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... who had taken parental leave were concerned about the long-term impact this would have on their financial security as they aged. A third of these respondents said they were very or extremely concerned. Nine in 10 of the more than 2300 members surveyed ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... even more attractive by reducing the interest rate," the Prime Minister explained. The scheme will be open to all pension-aged people, including self-funded retirees. It will enable retirees to draw down on the equity within their homes through the government ...

Government-run super would leave members worse off: ISA

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... political risk of negative returns during market downturns, leading to less money at retirement and more pressure on the Aged Pension to pick up the slack, ISA chief executive Bernie Dean, said. "This plan would funnel millions of Australian workers ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... an enormous challenge given the close link of the pension to employment and income patterns. But, with poverty among the aged more common for women, we can't afford to sit idle. If we want to encourage self-reliance, and for Australians to save their ...

Why advisers must understand Retirement Income Covenant

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... important to remember the advantages of being pretty well committed to an arrangement as cognitive decline sets in. In people aged 65, one in 10 have some sort of cognitive decline, like dementia, by 85 it's three in five. So that always has to be factored ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... Grace said. "...We support simplifying Age Pension means testing, improving the interaction between the retirement income and aged care systems, encouraging innovation in retirement products, and developing best practice in the provision of financial ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... a strategy for consideration. The most dominant pieces of advice provided were on superannuation and pensions. For those aged 45 and over, 73% of all SOAs reviewed contained advice on super, drawdowns and pensions. Some 14% for those over 55 years old ...

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
... Shocks and Safety Nets report found that financial wellbeing decreased for low-income earners during the pandemic. Many people aged over 45, disability pension recipients, women on low incomes and single parents reported being left with dwindling financial ...