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Showing 931 - 940 of 1358 results for "Retiree"

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
Industry Super Australia (ISA) Director of Public Affairs Matt Linden said the budget was a "missed opportunity to find small innovative solutions," saying the changes could result in a 25% decrease in retirement income for many Australians. He said ...

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
... government to do this are to either introduce an additional superannuation levy on wages or to quarantine a portion of a retiree's lump sum at retirement and only making it available to them 20-30 years after their initial retirement. Keating acknowledged ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
... currently the Age Pension is 27.7% of male total average weekly earnings. This translates to a full Age Pension for a single retiree of $842.80 per fortnight. If it were calculated according to the commission's recommendation, it would be around $650 ...

David Murray gives first insight into FSI

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
The Financial System Inquiry (FSI) chairman David Murray said that the committee will focus on ageing, technology and innovation as drivers of change and at how these affect regulation, competition and consumer outcomes. Murray said that the committee ...

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

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
The financial services industry has asked the government to take a long-term, comprehensive approach to any changes to the Age Pension and to the superannuation preservation age, following the release of the National Commission of Audit report. The ...

Catholic Super seeds new AllianceBernstein fund

ALICE URIBE  |  MONDAY, 28 APR 2014
Catholic Super has become the first investor in a new actively-managed AllianceBernstein Australian equities investment fund which aims to help investors in or near retirement. The Fund will form part of diversified investment options available to Catholic ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
Challenger has continued to grow its lifetime annuities business, with sales more than doubling in the first quarter of 2014 compared to the prior corresponding period (PCP). Overall, Challenger Life's annuity sales - including lifetime and fixed annuities ...

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
The Australian Institute of Superannuation Trustees (AIST) said that an increase in the pension age should be accompanied by measures to protect older Australians who are unable to work longer. The statement follows a speech by Treasurer Joe Hockey ...

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
The government could play an active role in the creation of a functioning annuities and longevity insurance market, according to the Centre of Excellence in Population Ageing Research (CEPAR) in its submission to the Financial System Inquiry. While ...

Hockey signals pension age might climb to 70

ALEX DUNNIN  |  FRIDAY, 11 APR 2014
Treasurer Joe Hockey has issued veiled warnings that welfare spending and age pension structures will need to be changed say by raising the pension age to make them affordable. In a major speech he presented this week to the 'The Global Age of Responsibility ...