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Showing 831 - 840 of 1358 results for "Retiree"

Australians need another $130,000 for retirement: ASFA

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
The idea you will need $1 million in retirement appears to be further busted after the Association of Superannuation Funds of Australia (ASFA) released its latest retirement standard. However the updated ASFA figure suggests Australian's will need to ...

Challenger's $300m profit and new product

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
On top of announcing its $300 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 ...

Scrapping dividend imputation costly for retirees

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
... Yesterday ASFA released research that showed abolishing dividend imputation would reduce the annual income of the average retiree by $4000. The research also showed that abolishing either dividend imputation or the current system of refundable franking ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
As the superannuation industry continues to make retirement income strategies more readily available, Challenger now has its annuities on Colonial First State's FirstChoice and FirstWrap platforms. The move follows Colonial First State adding CommInsure ...

Long term super fund returns approach record levels

STAFF WRITER  |  FRIDAY, 7 AUG 2015
SelectingSuper has released its final MySuper performance index for 2014/15 confirming that while fund returns dipped below double digit to 9.5% due the 4% fall in equity markets in June, three and five year returns are approaching record high levels. ...

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
Financial Services Council chief executive Sally Loane has called for a bipartisan commitment to 12% superannuation contributions by 2022 in her keynote speech to the FSC Annual Conference on the Gold Coast. "With average balances still low - at $70,000 ...

Older workers are the future

MARK SMITH  |  WEDNESDAY, 5 AUG 2015
There is a huge opportunity for the financial services sector to seize on the opportunity posed by the country's ageing demographics story, according to Shadow Minister for Financial Services and Superannuation Bernie Ripoll. The Member for Oxley highlighted ...

Retiring 'comfortably may require 3 income building blocks: Legg Mason

PROMOTED BY LEGG MASON  |  TUESDAY, 21 JUL 2015
... fixed income. That's because when you consider the five-year rate on a typical annuity or term deposit of about 3.15%, a retiree couple fully invested in such products will need at least $1.851 million to live comfortably, based on the ASFA retirement ...

Annuities to become more competitive

DARREN SNYDER  |  WEDNESDAY, 15 JUL 2015
... will be taxed at 15%. So straight away there is a tax strain and you're not optimising the return you're giving to the retiree." Lytas said Plan for Life projections suggest the annuities market will grow from its current market of $11 billion to $23 ...

Bank glitch delays government super payments

LAURA MILLAN  |  FRIDAY, 10 JUL 2015
A problem with the Commonwealth Superannuation Corporation's bank has delayed the superannuation payments to thousands of retirees. The CSC said on Friday morning that "about 99% of payments by value and volume were processed yesterday and that they ...