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Showing 841 - 850 of 1242 results for "Retirees"

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... other developed nations when it comes to guaranteed lifetime income stream products. We expect DLAs to be popular with retirees if the barriers are removed and the rules permit them to be designed properly." The closing date for submissions is 5th September ...

FSI questions viability of franking credits

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... the franking credit system, which refunds corporation tax to low or no-tax shareholders, was of "enormous benefit to retirees". However it said the practice could become an increasing drain on the government coffers. "A growing proportion of Australian ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
... to make critical decisions regarding when and how to draw down their savings for the remainder of their lives. "Many retirees are unprepared for these decisions," the 460-page report says. More broadly, the review finds the overall financial sector has ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... stated that "the retirement phase of superannuation is underdeveloped and does not meet the risk management needs of many retirees." It made three policy suggestions for solving this problem: introducing regulatory incentives, such as taxation measure ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... improvement. Operating costs and fees appear high by international standards, and our report notes the likely impact on retirees. As a guide, the Super System Review chaired by Jeremy Cooper found that a 40 per cent reduction in average fees for the ...

ASFA calls for lifetime contribution caps

MARK SMITH  |  THURSDAY, 3 JUL 2014
... qualifying age with an average super balance would receive around 57% of their income from superannuation, and around 40% of retirees in this age group would be fully self-funded. Superannuation is also reducing government expenditure on the Age Pension ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... inquiries and that receives calls daily. "Most of them have lost money due to inappropriate financial advice; they are retirees or close to retirement and lots of them have lost their homes or their lifetime savings." The inquiry was prompted by cases ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... sort are designed to make retirement savings last. While they provide improved long-term outcomes, they also provide retirees with less control over their assets. All the advisers Financial Standard spoke to said clients were put off by this latter factor. ...

Super contribution caps "limited and inadequate": Deloitte

MARK SMITH  |  THURSDAY, 26 JUN 2014

YBR Smarter Money receives rating upgrade

MARK SMITH  |  THURSDAY, 26 JUN 2014
... source cheap money in the bond market. This has made the search for reasonable yield even more difficult for savers and retirees. We believe Smarter Money has an important role to play in helping investors earn superior returns with low levels of risk." ...