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Showing 71 - 80 of 1093 results for "Retirees"

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... an expansion of performance testing, particularly for products currently being sold to older Australians. "Australian retirees have the most to lose and the least capacity to recover from being sold a poor product," O'Halloran said. "In particular, we ...

Link to offer Allianz Retire+ solution to super funds

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... enable better outcomes for members and super funds by offering flexible solutions that deliver certainty for Australian retirees. "We are thrilled to partner with Link Group in offering super funds access to a greater variety of retirement income and ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... designed for the long-term." In summary, the ASA said the continued ad hoc changes to superannuation is scaring self-funded retirees and those who aspire to be in the future. "The way of introducing this policy induces fear for superannuation builders ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... dramatically that it now appears to be the new normal. Instead of relying on a steady income stream through pensions, more retirees are choosing to take larger lump sum payments upfront. In 2015-16, the share of benefits paid as pensions peaked at 62% ...

Global X launches new Australian equity ETF

CHLOE WALKER  |  THURSDAY, 13 APR 2023
... while avoiding a concentration in these sectors. "This fund offers an effective solution particularly for Australian retirees and pre-retirees who generally hold a higher concentration of direct shares, as it allows them to either complete or diversify ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
Overhauling superannuation drawdown rules can significantly ease the cost-of-living pressures for retirees and improve retirement income by up to 20%. This is one of three recommendations presented by the Financial Services Council and NMG Consulting ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... regulated funds, including those in the retirement phase. "All members deserve to know if their fund is a dud, including retirees," ISA said. Despite the government's efforts to streamline stapling administration, ISA stated the teething issues remain ...

Mantis Funds wins new distribution mandate

CHLOE WALKER  |  MONDAY, 3 APR 2023
... thousands of investors better navigate uncertainty," he said. "...We think advisers will welcome a core-equity holding that retirees can rely on."

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... taxpayer-funded inheritance scheme". Grattan calculates that nearly 90% of super tax breaks are enjoyed by the top 20% wealthiest retirees. Super tax breaks amount to about $45 billion per year. The modelling put forth shows several areas that can make ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension amount based on their age when they start an income stream. This minimum amount must be withdrawn ...