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Showing 71 - 80 of 100 results for "Retirement Income Stream"

Super for retirement income not wealth warn Treasury, ASFA

ALEX DUNNIN  |  MONDAY, 23 JUN 2014
The superannuation system was designed to facilitate the payment of retirement income but has been sidetracked by a disproportionate emphasis on wealth accumulation. Speaking at this morning's annual policy conference for the Committee for Economic ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... (ASFA) has called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities (DLAs). In December last year, the minister responsible ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
The government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs). Under Labor's proposed legislation announced as part of the 2013-14 budget, DLA earnings would have received ...

Challenger acquires SMSF business

MARK SMITH  |  MONDAY, 16 DEC 2013
Challenger Limited has entered into an agreement to acquire self-managed superannuation fund (SMSF) actuarial certificate provider Bendzulla Actuarial. According to Challenger, Bendzulla has a market share of more than 50% serviced through relationships ...

Cbus launches default retirement income stream option

JAMES FERNYHOUGH  |  THURSDAY, 5 DEC 2013
Cbus has launched a new default investment option aimed at providing an income stream for people transitioning into or already in retirement. The 'Conservative Growth' option aims to provide an after tax return of inflation plus 3.25% over a rolling ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... Funds of Australia (ASFA) has called on the Government to reduce impediments to the provision of adequate retirement income stream products such as annuities. ASFA acting chief executive Ross Clare said now was an "opportune time to consider the positive ...

Too much super diverted to pay personal debt: CPA report

ALEX DUNNIN  |  MONDAY, 26 AUG 2013
Australia's superannuation policy is at risk of failing unless laws are introduced to quarantine savings for actual retirement income streams, warns CPA Australia in a major new report released to coincide with the 2013 federal election. Alex Malley ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
The headlines for the sector are that the superannuation changes announced on 5 April 2013 have been confirmed, the Medicare levy will increase by 0.5% from next year to offset the cost of National Disability Insurance Scheme (NDIS), some future tax ...

Treasury releases draft EM for super changes

ALEX DUNNIN  |  TUESDAY, 7 MAY 2013
... taxation of high-pension payments. While the main aspect of its announcement was to introduce a 15% tax on retirement income stream investment earnings above $100,000 per annum, the announcement also included provision to increase contribution limits ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
Reforms to the tax treatment of deferred lifetime annuity (DLA) products has added greater security for Australian retirees, according to Towers Watson. The new rules, if enshrined by legislation, remove inconsistencies between the manner deferred annuities ...