Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 861 - 870 of 1242 results for "Retirees"

AMP reduces North Guarantee fees

JAMES FERNYHOUGH  |  TUESDAY, 20 MAY 2014
... seeking. "Life expectancy is on the rise and there is a real risk that a market downturn could wipe out the savings of retirees or those close to retirement, who will also have a longer retirement to fund.A The effect of sequencing risk can be damaging. ...

Low income retirees to feel budget pain

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
... you're looking at very low incomes." In particular, the cessation of the Seniors Supplement - which provides self-funded retirees with $876.20 for a single person and $660.40 each for a couple - will force retirees to make up the difference elsewhere. ...

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
... sustainable. Without taking action now Australia will be unable to support through fiscal policy the ever increasing number of retirees, particularly as our workforce shrinks over coming years." He said that without a number of further policy changes ...

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
... Keating says the government needs to create 'superannuation mark two' to enable superannuation to provide enough money for retirees who are increasingly likely to become centenarians. Speaking on ABC TV's Lateline program last night, Keating gave an ...

David Murray gives first insight into FSI

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... than the delivery of income at the time of retirement." "There is a paucity of attractive financial products that help retirees manage their income and risks, particularly longevity risk," Murray said. He mentioned technology as key to "fostering an ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
... capture the value above $500,000 for single pensioners and $750,000 combined for coupled pensioners." It also said single retirees with an annual income of more than $32,700 would not be eligible for any Age Pension. Regarding preservation age - the ...

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... timetable to reduce the Age Pension," AIST chief executive Tom Garcia said. The AIST asked the government to ensure that retirees and older Australians who have missed out on a lifetime of super are not penalised by the proposed measures and that they ...

Catholic Super seeds new AllianceBernstein fund

ALICE URIBE  |  MONDAY, 28 APR 2014
... risk while also preserving the potential for long-term capital growth and some income as a hedge against the risk of retirees outliving their savings. "We believe that strategies such as thatA developed by AllianceBernstein will provide a significant ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... Benari said: "Retail annuity sales continue to be propelled by our product innovation and a rising number of baby boomer retirees. In what is seasonally our quietest sales period, we have maintained sales momentum and have further increased the share ...

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
... statement follows a speech by Treasurer Joe Hockey during a conference in Washington. Hockey said that the number of retirees in Australia will double over the next few decades and referred to the International Monetary Fund (IMF) recommendation that ...