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Showing 51 - 60 of 7115 results for "Retire"

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

New Forests appoints first global head of funds

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
New Forests has named Macquarie Asset Management (MAM) veteran Michelle Elliot as its global head of funds. In the newly created role, Elliot will be responsible for improving investment, operations, and investment analytics to support the investment ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
The final report from the government's Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the ...

MetLife chair Geoff Brunsdon retires after 13 years

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
MetLife Australia has a new chair, while the former chief executive of an industry super fund is also joining the board. MetLife Australia announced the retirement of MetLife Insurance Limited chair Geoff Brunsdon, after serving on the board for 13 ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... age pension costs," she said. SMC analysis found a 30-year-old couple who withdrew $35,000 each from their super could retire with about $195,000 less in today's dollars. A Mercer study of its Global Pension Index found countries that allow early ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
The government is seeking feedback on alternative superannuation performance test designs after criticism about unintended investment consequences. In considering potential reform options, the primary focus is on improving member outcomes through an ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... WA premier Roger Cook said he would like to see more private sector employers follow suit. "We know, on average, women retire with significantly lower superannuation balances to support them in retirement - and this is partly because of time spent out ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
Investment Trends research has revealed 11.8 million Australians have unmet financial advice needs, with high or unclear costs cited as the main obstacles. The research firm's latest Financial advice report indicated persistent barriers to accessing ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
Women continue to lack confidence in how much they can save for retirement and ability to invest compared to men, new surveys reveal. Only 30% of women are happy with the amount in their super fund, a survey of 1000 super members led by the Australian ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... the workplace, but women still routinely earn less than men when performing the exact same roles, she said. "They still retire with far less superannuation than men. Pay equity will afford women the same financial security as men and give them the same ...