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Showing 81 - 90 of 197 results for "Pensioner"

VicSuper highlights retirement struggles

KERRIE SYDEE  |  MONDAY, 14 NOV 2016
More than 50% of Australians aged over 55 feel financially underprepared for retirement and 23% feel completely out of depth when thinking about retirement finances. The findings come from a study commissioned by VicSuper, also detailing that two in ...

Popularity of annuity bonds set to soar

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
Indexed annuity bonds are expected to experience sales growth over the next 12 months as the reality of low interest rates and high volatility drives more investors to the asset class. FIIG Securities national manager of adviser services, Simon Michell ...

CSC names new board member

DARREN SNYDER  |  MONDAY, 19 SEP 2016
The Commonwealth Superannuation Corporation is welcoming a new director following the departure of Lyn Gearing earlier this month. Joining the CSC board is Ariane Barker. She is currently general manager, products and markets at JBWere and has more ...

$1.6 million cap will not derail retirement

DARREN SNYDER  |  MONDAY, 12 SEP 2016
... a female because her predicted life span is longer at 89. Milliman used the case study of a hypothetical 65-year-old pensioner and estimated how long $1.6 million would last by drawing down a range of incomes. The calculations were based on a range of ...

Pension changes will impact retirement adequacy

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
... example doesn't give them access to a lot of state based benefits," Rundmann said. "In NSW for example if you hold a pensioner concession card which you can only get by being an aged pensioner, your motor vehicle registration is substantially reduced ...

Retirement system needs work: Actuaries

DARREN SNYDER  |  THURSDAY, 28 JUL 2016
Australia's retirement system is not sustainable for people living longer than the average life expectancy if drawdown trends continue, according to the Actuaries Institute. The Institute says the number of super members to completely exhaust their ...

CSC announces three new directors

DARREN SNYDER  |  MONDAY, 4 JUL 2016
The Commonwealth Superannuation Corporation board is working with three new non-executive directors this week following the term expiry of directors John McCullagh, Michael Vertigan and Peter Feltham. CSC chair Patricia Cross said beginning 1 July 2016 ...

Surveys show accumulation and retirement battle

DARREN SNYDER  |  TUESDAY, 7 JUN 2016
Two superannuation industry surveys published this week have again reflected the difference between Australia's strong accumulation system and its problematic retirement models. Results from a Roy Morgan survey of more than 18,000 Australians with superannuation ...

Financial services given hand to protect seniors

DARREN SNYDER  |  FRIDAY, 27 MAY 2016
Advocacy group Protecting Seniors Wealth has launched a new education program designed to address an increasing trend in financial abuse of the ageing demographic. The program titled "Lead with impact" consists of workshops, presentations, tailored ...

Public sector retirees still seek answers

DARREN SNYDER  |  TUESDAY, 17 MAY 2016
A group representing public sector retirees is waiting on the federal government to release figures about Australians affected by the new 10% cap on defined benefit income that is excluded from the pension income test. The Australian Council of Public ...