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

Search Results

Showing 51 - 60 of 1088 results for "Retirees"

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... median household superannuation balance at retirement is under $200,000. Yet, Household Capital also deemed Australian retirees "the wealthiest in the world", boasting a median home equity of over $800,000. Household Capital chair Nick Sherry said: "The ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... warning notice had been drafted by 11.34am the following day. At the time of the email, "Mayfair had 570 lenders, mostly retirees, who had subscribed to $211 million of debt instruments. Mayfair at this time had no ASIC or AFCA complaints, all lenders ...

Rethinking retirement: Focus on spending, not saving

ANDREW MCKEAN  |  FRIDAY, 21 JUL 2023
... retirement. On a panel at a Financial Services Council (FSC) policy briefing on Thursday, Hillier said the predominant fear for retirees is the risk of running out of money. Addressing this fear is crucial for shifting the emphasis from accumulating ...

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts. Last year, super fund members aged 65 or older owned 40% of Australia's $3.3 trillion in superannuation assets. ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... Adler Freeman & Herz and Console & Associates are already investigating claims on behalf of current and future CalPERS retirees whose information was stolen in the attack, while Console & Associates said it is doing the same for Genworth policyholder ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... systems. CalPERS employs PBI Research Services/Berwyn Group to identify member deaths, ensuring proper payments are made to retirees and their beneficiaries. A breach of PBI's systems on June 6 impacted about 769,000 files on the fund's retired members ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... and has a robust network to support Allianz Retire+'s mission to deliver certainty and flexibility to Australian retirees." At the same time, MLC chief executive Geoff Lloyd, ex-UniSuper chief executive Kevin O'Sullivan, and superannuation specialist ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... of life. "FSC modelling has shown that implementation of the Quality of Advice Review's recommendations would see retirees spending $25 billion extra in retirement by 2060, raising standards of living in retirement and reducing the cost of an aging ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... outcomes. The report highlighted a study conducted in the US which saw advisers pick inflation risk as the biggest threat to retirees over market volatility and longevity risk. "... a result highly likely to be replicated in Australia," it said. Further ...

Generation Life rolls out product enhancements

ANDREW MCKEAN  |  WEDNESDAY, 7 JUN 2023
... on the GBST cloud-based wealth administration platform, Composer. Responding to feedback from financial advisers and retirees, Generation Life has developed a LifeIncome Flex feature that enables retirees to adjust their income during retirement. For ...