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Showing 651 - 660 of 1242 results for "Retirees"

Super reforms incubating unemployment risk

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2017
... from Roy Morgan reads. The Roy Morgan Single Source survey also found that the current average gross wealth of intending retirees (excluding owner-occupied homes) is $286,000, with an average debt level of $18,000 for this demographic resulting in an ...

Robo critical to retirement

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2017
An online advice provider for retirees is attempting to secure funding in order to partner with major financial services institutions. Fintech firm SuperEd, led by Vanguard Australia founder Jeremy Duffield and former Westpac executive Hugh Morrow ...

ASFA slams Grattan as 'out of touch'

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
... a super system internationally acknowledged as first class and one that is delivering a higher standard of living for retirees," Fahy said. In its submission to the Senate Economics Committee's inquiry into the Superannuation (Objective) Bill 2016, the ...

NAB appoints research veteran to head retirement arm

ALEX BURKE  |  FRIDAY, 13 JAN 2017
... State, where he produced retirement-centric research materials to assist advisers in producing goals-based portfolios for retirees. Before that, he held the role of head of wealth management, Australia and New Zealand at Mercer - a position he took on ...

La Trobe gains new ground on aged care

MICHELLE BALTAZAR  |  THURSDAY, 12 JAN 2017
... alternative offering to seniors considering aged care accommodation. Their offering relieves asset-rich but cash-poor retirees from selling their home just to fund ongoing and one-off payments when moving to an aged care facility. La Trobe Financial ...

Insurance bonds meeting retirement income demand

ALEX BURKE  |  TUESDAY, 10 JAN 2017
... prominence as a way of addressing retirement income shortfalls, according to Austock Life. The bond issuer's research found retirees are increasingly looking for savings and investment vehicles outside superannuation to ensure a stable post-retirement ...

Severe inadequacies in retiree portfolios: VicSuper

ALEX BURKE  |  MONDAY, 9 JAN 2017
New research by $16 billion superannuation fund VicSuper suggests up to 50% of retirees aged 75 to 79 with defensive portfolios will outlive their savings. More broadly, the research also found that around 30% of retirees in that age bracket, regardless ...

SMSF satisfaction belies uncertainty

ALEX BURKE  |  FRIDAY, 16 DEC 2016
... $1 million was a sufficient balance to ensure a comfortable retirement - this is despite the increasing percentage of retirees drawing down $25,000 or more. It increased from 43% in 2015 to 52% in 2016. About 10% drew down $100,000 or more in 2016, up ...

The rise of the robo-adviser

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
... investors. Investment Trends' Peker said results from the US show robo-advice adoption is also high among lower balance pre-retirees. "Robo-advice should not be viewed as a Gen-Y exclusive proposition. The advice gap spans the population regardless of ...

Part-pensioners short-changed by asset test changes

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... to Plato Investment Management research. Plato's research found that in order to maintain current standard of living, retirees will need to generate 7.8% per annum following the changes. The reason for this is the doubling of the taper rate to a reduction ...