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Showing 791 - 800 of 1242 results for "Retirees"

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... recognises the significant role the Age Pension will continue to have in providing and boosting the income of Australian retirees for decades to come," Garcia said. Association of Superannuation Funds of Australia (ASFA) chief executive, Pauline Vamos ...

Retirees can increase their withdrawal rate: Milliman

DARREN SNYDER  |  MONDAY, 11 MAY 2015
Actuarial consulting firm Milliman believes there are retirees who could comfortably increase their standard withdrawal rate by at least 50% per annum. A recent Milliman paper, 'The 6% Rule', aims to answer how retirees can provide for themselves and ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... for the pension. "By reducing the pension eligibility for those with more assets, they will become fully self-funded retirees." Morrison said it means the government must retain the incentives in the tax system for superannuation. "The government doesn't ...

Mercer launches retirement income strategy test

DARREN SNYDER  |  WEDNESDAY, 6 MAY 2015
... super. It allows us to test the efficacy of different retirement strategies against criteria we know is important for retirees," he said. Mercer acknowledged the benefit of universal yardsticks such as ASFA's Retirement Standards, but believes its absolute ...

Super lump sum myth debunked

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... representing over $55 billion in assets to create the Colonial First State Income Stream Index, that aims to track annually how retirees use their superannuation balances. The index shows that, contrary to common belief, only 16.7% of assets, or $9.23 ...

Retirees 'much worse' off: RBA

JASON CADDEN FOR AAP  |  TUESDAY, 28 APR 2015
Life is not going to get easier for self-funded retirees as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says. Central banks around the world have lowered their interest rates to stimulate ...

Retirement income sector keeps pace with population changes

ALEX BURKE  |  MONDAY, 27 APR 2015
... this growing sector. A third (32%) of participants in the report - based on a survey of 617 financial advisers - expect retirees above 75 to represent a larger proportion of their client base by 2017, and the majority (68%) selected "highest income" ...

Better to own or to rent investments?

JOHN DYALL  |  MONDAY, 27 APR 2015
... rates across the developed world. This effectively takes from savers and distributes to borrowers. Not a good outcome for retirees. The second point could even moderate global growth as the working population is the main driver of aggregate demand. A ...

Hockey slams Labor super tax proposal

ALEX BURKE  |  THURSDAY, 23 APR 2015
... concessions on a fairer and more sustainable footing" and "reflects the reality that tax concessions on earnings for retirees are growing at more than twice the rate of the age pension." Taxpayers Australia head of superannuation Reece Agland concurred ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... $16 billion currently charged by APRA regulated funds". Failure to improve the system's efficiency could cost future retirees 5% or $40,000 of their potential nest egg, explained the report. To drive down costs, the report re-stated its 2014 recommendation ...