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Showing 881 - 890 of 1242 results for "Retirees"

Singapore lifts CPF rates

ALEX DUNNIN  |  WEDNESDAY, 26 FEB 2014
... Singapore government has announced that Central Provident Fund (CPF) contribution rates will next year climb for pre-retirees up to 35% while also establishing a $8 billion special purpose fund to pay for the health care needs of the Pioneer Generation. ...

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
... care will be "considerably harsher" after July 1, including the value of the family home up to $144,500 in the assets of retirees. As a consequence, "more people will probably keep the family home when making aged-care arrangements after the new rules ...

Retiree confidence in super on the rise

STAFF WRITER  |  THURSDAY, 13 FEB 2014
Retirees' confidence in superannuation as a source of income is on the rise, according to a new report by National Seniors Australia and Challenger. The Second Seniors Sentiment Index found that retirees' confidence in super rose by more than 17% between ...

CSIRO to study super spending habits

MARK SMITH  |  TUESDAY, 11 FEB 2014
CSIRO and Monash University will study the spending habits of retirees to better understand their product and investment needs. "We're looking to understand what retirees need, how long their super lasts and what investment options and financial products ...

A third of Australians expect major shortfall in retirement

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... or more than enough to retire. In a parallel piece of research, Club Plus Super highlighted that average 65 year old retirees might be forced to rely on the age pension to fund their lifestyle after about six years of retirement. The super fund suggested ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... applying the same concession to DLAs would encourage their take up. "This is an important step towards ensuring Australia's retirees are guarded against the financial consequences of longevity. Removing such impediments would also encourage product innovation," ...

MySuper lifecycle options not for everyone: AusSuper

JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
... Pension. So those people have a substantially de-risked overall wealth profile already." He said that for self-funded retirees, de-risking in the lead-up to retirement becomes more important. Therefore funds with a high proportion of members whose super ...

Banks need top line growth after SMSF-led run

JAMES FERNYHOUGH  |  MONDAY, 20 JAN 2014
... banks, Walker said, were SMSFs. "Three and a half, 4%, 4.5% term deposit yields are just not enough for most Australian retirees to live off, so they're going after higher dividend yields in the share market, even though equities are much riskier than ...

Westpac trumpets infrastructure's 'annuity style' potential

JAMES FERNYHOUGH  |  WEDNESDAY, 15 JAN 2014
Increased investment in infrastructure by superannuation funds would provide retirees with a much-needed "annuity-style" income stream, according to Westpac Group. In a submission to the Productivity Commission's Public Infrastructure Inquiry, the bank ...

Challenger acquires SMSF business

MARK SMITH  |  MONDAY, 16 DEC 2013
... research, product and service development and distribution," Challenger chief executive Brian Benari said. "While all retirees value secure income streams, SMSF retirees tend to be more aware of longevity risk. They know that more money doesn't necessarily ...