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Showing 61 - 70 of 78 results for "Retirement Standard"

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... people may have different expectations of what they will need to spend to live a comfortable retirement, the retirement standard sets a benchmark for the minimum amount required." Under the current Age Pension assets test framework, ASFA estimates a ...

Mercer launches retirement income strategy test

DARREN SNYDER  |  WEDNESDAY, 6 MAY 2015
Global consultancy firm Mercer recently launched a framework for super funds that reportedly tests and determines what the best retirement income strategies and products are. Titled 'Retirement Income: A framework for a complex problem', the document ...

Only a quarter of Australians contributing to reach retirement goals

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
While over half (55.2%) of Australians know how much savings they will need for a comfortable retirement, only a quarter (24.5%) are making additional super contributions to reach this goal, according to a survey commissioned by Club Plus Super. Club ...

ASFA outlines spending needs of nonagenarians

MARK SMITH  |  WEDNESDAY, 14 JAN 2015
The Association of Superannuation Funds of Australia (ASFA) has developed a new retirement standard, the ASFA Retirement Standard for Older Retirees, which outlines the expenditure required for Australians aged 90-95 to maintain a comfortable or modest ...

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... average) and ensuring that at least 50% of Australians in retirement meet the 'comfortable' level of the ASFA Retirement Standard ($42,433 per annum). "Setting clear and measurable goals that the system can be measured against will give governments ...

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... member's projected retirement income with the Association of Superannuation Funds of Australia (ASFA) Comfortable Retirement Standard, currently $57,665 per annum for a retired Australian couple. "We are finding that readiness varies a lot between funds ...

Mercer launches retirement adequacy index

JAMES FERNYHOUGH  |  FRIDAY, 11 APR 2014
... Retirement Readiness Index (RRI) compares a members' projected retirement income against the ASFA Comfortable Retirement Standard, which currently stands at $57,665 per annum for a retired couple. It converts the estimated super balance at retirement ...

Less than 15% meet ASFA standard of retirement savings

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... Australia (HILDA) Survey are on track to have a comfortable level of retirement income as set by the ASFA Retirement Standard. However, if non-super retirement savings are excluded, the levels drop to 32% of couples and 11% of singles. If the age pension ...

Medical charges put pressure on retiree living costs

ALICE URIBE  |  FRIDAY, 16 AUG 2013
... the cost of living for retirees according to the latest Australian Superannuation Funds of Australia (ASFA) Retirement Standard figures. The figured for the June quarter 2013 revealed that a couple looking to achieve a comfortable retirement would require ...

ASFA: Retirement costs remain steady

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
... marginally down, according to new figures released by the Association of Superannuation Funds of Australia Retirement Standard. The new figures show that retired couples looking to achieve a comfortable living standard in their post-work years need a ...