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Showing 821 - 830 of 1242 results for "Retirees"

Embrace rising retirement age, says futurist

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... superannuation guarantee to 12%, saying it would stall the creation of his ideal Australia as a "proud nation of independent retirees." In a wide-ranging speech, Ruthven presented an optimistic five year forecast for the Australian economy, saying there ...

ASFA launches blueprint for post-retirement system

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... stop pointing at the problem, and start developing the solutions required to deliver a better system for Australia's retirees. This will require innovation and bold policy decisions, which is why we have released a framework that will guide policymakers ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... deferring payments." TAL chief executive Jim Minto said: ""TAL strongly supports the provision of incentives to encourage retirees to purchase retirement income products, particularly lifetime and deferred annuities. The main disincentive for consumers ...

BetaShares launches new equity income fund

MARK SMITH  |  THURSDAY, 6 NOV 2014
Exchange traded fund (ETF) provider BetaShares is targeting SMSF investors and retirees with the launch of a new yield-focused ETF. The BetaShares Australian Dividend Harvester Fund (managed fund), will trade under the ASX code "HVST". It seeks to maximise ...

Two-fifths forced into retirement before financially ready

MARK SMITH  |  THURSDAY, 9 OCT 2014
... showing that 40% of Australians are forced into retirement before they are financially ready. According to the report, retirees will outlast their savings by more than five years on average. Only 36% of Australians retired because they had enough savings ...

FEATURE: Quenching the thirst for income

MARK SMITH  |  FRIDAY, 26 SEP 2014
... managing risks in retirement," the report said. "The system lacks a sufficient range of financial products to help provide retirees with income and flexibility and to manage risks, particularly longevity risk." Some product providers have taken FSI chairman ...

Expand PLS to all age pensioners: TAI

ALEX DUNNIN  |  THURSDAY, 18 SEP 2014
... this makes the PLS equivalent to an equity release scheme. "We propose a simple extension of the PLS: to open it to all retirees," notes the research paper. "This would allow any retiree with sufficient [home] equity to secure fortnightly loans equivalent ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... Challenger argued that disengagement and "behavioural biases" mean a default retirement product would make sense. "Many retirees are disengaged from the superannuation system; they lack sufficient financial literacy and the experience necessary to make ...

Hawks Nest is Australia's oldest town

ALEX DUNNIN  |  FRIDAY, 5 SEP 2014
... mid north coast boasts Australia's oldest average residents, giving a glimpse to how some communities will look when retirees begin to dominate the country. A report from the Australian Bureau of Statistics (ABS) has found that while Australia's median ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... Pension by 2050. ASFA expressed concern that account-based pensions on their own do not sufficiently deal with the needs of retirees. It voiced support for "an extra compulsory superannuation contribution to assist in meeting the needs of people aged ...