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Showing 761 - 770 of 1242 results for "Retirees"

MyPension product to solve retirement income hurdle

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
... Superannuation industry heavyweights have collectively called for a MySuper-like product to simplify retirement income for retirees. "There are $430 billion worth of superannuation savings sitting in [MySuper] products where pretty much everything is ...

Retirement income is not one-size-fits-all

DARREN SNYDER  |  THURSDAY, 3 SEP 2015
... one-size-fits-all approach. Launched at the AIST Australian Superannuation Investment conference yesterday, the framework suggests retirees with super balances of $250,000 or less should pay off any outstanding debt and invest in an account-based pension ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... to some form of insurance or longevity pooling, similar to what exists in many defined benefit products, would assist retirees to sustain adequate incomes for their lengthening lifetimes. The challenge, it said, is in providing an equitable balance of ...

Retirees still cautious about another GFC

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
... according to a study by National Seniors Australia and Challenger. The study was based on survey responses of about 2000 retirees, of which more than 45% said they are now more cautious with their investments than before the GFC. About one third of seniors' ...

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... of compound interest," Vamos said. According to ASFA the most significant price rises affecting the cost of living for retirees this quarter are automotive fuel (+12.2%) and medical and hospital services (+4.5%). The most significant offsetting price ...

Challenger's $300m profit and new product

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... million profit for the last financial year, Challenger has launched a new product aiming to provide financial certainty for retirees in aged care. Releasing Challenger's full year results today, chief executive Brian Benari said Australia's aged care ...

Scrapping dividend imputation costly for retirees

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
... either dividend imputation or the current system of refundable franking credits would have the biggest negative impact on retirees, superannuation fund members and low to middle income earners, who would lose the current refund benefits on their zero ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... First State adding CommInsure annuities to the platforms in June and the additions are seen as an Australian first for retirees and financial advisers. Colonial First State executive general manager, Linda Elkins, said offering annuities via platforms ...

Long term super fund returns approach record levels

STAFF WRITER  |  FRIDAY, 7 AUG 2015
... bonds +6%, Australian bonds +5% and cash +2%. Member accounts that had low exposure to growth assets, such as SMSFs and retirees, may thus have experienced relatively poor performance. The top 5 Workplace MySuper and default options were PSS MySuper ...

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
... Even under the Government's proposed increase in the access age for the age pension to 70 years, an astonishing 70% of retirees will still receive some form of the age pension in 2055. "A superannuation guarantee rate of 9.5% is simply too low to help ...