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Showing 81 - 90 of 323 results for %22Aged Pension%22

Cost savings, RC boost digital advice

JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
... checks," Sargon said. And while those approaching retirement remained the most likely users, the data shows 46% of users were aged 35-54 - well above the industry average of 26%. About 30% of users were seeking advice for the first time, with 12% of ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... $250,000 and $500,000, they should then add 2% - as long as they meet the statutory minimum drawdown rule. For a single retiree aged between 60 and 69 with an account balance of $350,000 the rule of thumb suggests drawing down 8% of their savings - 6% ...

National Seniors partners with retirement funder

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... provide sufficient income throughout retirement," Funder said. "We've fielded calls from financial advisers, brokers and aged care advisers, as well as individuals, looking to access home equity for a range of purposes." Earlier this year the firm co-funded ...

Calls for better drawdown rules

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2019
... spending. Willis Towers Watson's head of retirement Nick Callil said the retirement income system needs to encompass aged pension and related benefits and compulsory and voluntary superannuation to promote better integration. "Often there is an assumption ...

Businesses warned to avoid dud funds

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... charged a significant amount of fees. "We are paying $35 billion per year in fees, almost as much as we pay towards the aged pension. We pay another $10 billion in insurance premiums. A combined cost of $45 billion per year to our superannuation funds ...

New Zealand maintains pension age

KARREN VERGARA  |  TUESDAY, 27 AUG 2019
... you work in manual labour or hard labour your life expectancy is also shorter." Under the NZSF scheme, all New Zealanders aged 65 and over receive payments - otherwise known as the pension, National Super or Super. Over the next few decades however ...

Super debate too one dimensional: Rice Warner

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... with recently over the SG - for their recent research efforts. "Challenger released research showing that half of people aged 67 do not receive the Age Pension, arguing this showed superannuation is doing its job," Rice Warner said. "While the conclusion ...

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... help fix the retirement system, one of which involves simplifying and integrating the Age Pension with superannuation and aged care. The report, entitled Options for an improved and integrated system of retirement, highlights the shortcomings of the ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... The number of self-funded retirees is tipped to rise to 43% in 2023, which has almost doubled from 2000 at 22%. Australians aged between 60 and 64 are retiring with a median balance of $154,453 - although this is well below ASFA's comfortable retirement ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... in the retirement outcomes of men and women would be entrenched without an increase to the SG. AIST said women currently aged between 35 and 60 would end up with around 30% less super than men of the same age in retirement, and roughly 40% of single ...