Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 93 results for "Means Test"

Advisers looking for longevity and aged care solutions

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
Aged care and longevity risk in retirement planning are becoming key concerns for financial advisers, as demonstrated by the first Challenger Financial Standard Technical Services Forum. Challenger head of technical services Andrew Lowe spoke first ...

Seniors react to Commission's retirement housing idea

DARREN SNYDER  |  WEDNESDAY, 2 DEC 2015
The Combined Pensioners and Superannuants Association (CPSA) has called on the federal government to create a policy that achieves housing security for all rather than acting on recommendations calling for retirees to sell down the family home. CPSA ...

Aged care concerns top Challenger advice list

DARREN SNYDER  |  FRIDAY, 30 OCT 2015
... on the stock exchange." Ralston said one of the things that underpins all of this reform is a single comprehensive means test. She said it is something that has been argued for the Age Pension for a long time and there are a lot of incentives to gain ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... delivering the Age Pension, the white paper highlights some changes that could be made to the current system. Lowering the means test thresholds would have greater impact on the higher wealth cohorts, including the value of the family home above a reasonable ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... setting the bar at $640,000 for a couple. ASFA chief executive Pauline Vamos said recent changes to the Age Pension means test, together with increases in the cost of living and life expectancy will have an impact on the savings people will need to live ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... Social Services Minister Scott Morrison has confirmed that the family home will never be included in the Age Pension means test under a Coalition government. At the same time, a raft of pension reforms potentially saving $2.4 billion in the budget's ...

CSRI identifies super flaws

ALEX BURKE  |  MONDAY, 4 MAY 2015
... priority policies that compel people to use their super for retirement incomes, including a thorough review of the pension means test." CSRI executive director and principal of superannuation policy and research at the University of New South Wales Patricia ...

Challenger negotiates Care Annuity compromise

JAMES FERNYHOUGH  |  THURSDAY, 18 DEC 2014
... said: "This is an appropriate outcome for our frail and vulnerable aged customers, who will continue to receive the means test treatment they expected when they bought their Care Annuities. "We agree with the DSS that the reliability and consistency ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... current rules need to be changed. "In my view it's utterly unsustainable to have what we have in Australia, because we means test the age pension. If the age pension is going to 70 and your super access age is 60, there's a pretty obvious arbitrage." ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
The new aged care reforms have brought in revised rules and more complex scenarios. Against this backdrop advisers will become even more necessary, particularly as more Australians consider their and their families' aged care needs, Laura Millan writes. ...