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Showing 81 - 90 of 165 results for "Social Security"

US private sector super coverage just 50pct

ALEX DUNNIN  |  MONDAY, 13 OCT 2014
... component of the US retirement system. Nevertheless, as is the case in Australia, for workers with low lifetime income Social Security provides the bulk of retirement resources. The ICI said makes it imperative the Social Security system and its fiscal ...

Insurance through super saves $403 million

STAFF WRITER  |  FRIDAY, 29 AUG 2014
Insurance provided to people through their superannuation reduces the annual cost to government of social security by about $403 million, according to new research commissioned by the Association of Superannuation Funds of Australia (ASFA). These savings ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... their lives." He claimed that compulsory annuitisation would "reduce living standards in retirement and add to social security costs," adding: "It's not the solution." He also said that annuities are not attractive because they are invested in "poor ...

A sign from the holy spirit?

BENJAMIN ONG  |  FRIDAY, 11 JUL 2014
... is "expressing a reservation on the quality of data reported by Greece, due to uncertainties on the surplus of social security funds for 2009, on the classification of some public entities and on the recording of off-market swaps." Just as today there ...

New laws bring aged care advice into the spotlight

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... reducing thresholds on many benefits. This has boosted the demand for funeral bonds, which are exempt from the social security assets and income test up to the $12,000 threshold. "For an individual subject to the Assets Test, a funeral bond could increase ...

Budget forces advisers to rethink tax, retirement strategies

LAURA MILLAN  |  TUESDAY, 13 MAY 2014
... kept its promise not to make changes to superannuation. However, the 2014 budget brings significant changes to social security, aged care and the Age Pension indexation. "Advisers will have to do some strategy and some planning with their younger advisers ...

CFS awarded 'Best Platform Overall'

STAFF WRITER  |  TUESDAY, 13 MAY 2014
... perspective, the need for great advice has never been stronger. Australia has a complicated superannuation, taxation, and social security system which is almost impossible for individual investors to navigate without assistance," Elkins said. Colonial ...

Industry funds oppose bachelor degree for general advisers

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
... provide a general advice service." The organisations also asked for additional specialist knowledge requirements on social security and providing advice to older Australians. "We have maintained that the existing coverage of social security is insufficient ...

Pension rule changes to benefit 740,000

MARK SMITH  |  MONDAY, 28 OCT 2013
... More than 740,000 Australian pensioners will have extra money in their pockets as a result of the lowering of the social security deeming rates from 4 November 2013, Minister for Social Services Kevin Andrew said. The deeming rate will decrease to 2% ...

Unthinkable

BENJAMIN ONG  |  TUESDAY, 15 OCT 2013
... thought of: 1. Depression and unemployment 2. Dollar down, prices and rates up 3. Down go your investments 4. Social Security payments halt 5. Banking operations freeze up 6. Money market funds break 7. Global markets walloped Then again, you, I and ...