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Search ResultsShowing 1 - 10 of 100+ results for "Age Pension"
Super leaves gig economy behind
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... savings," the Actuaries Institute said. "These gig economy workers are more likely to be reliant on the government-funded Age Pension scheme to fund their retirement income." The Actuaries Institute called for more data to be collected to adequately ...
RIR reveals bleak financial upside for disabled people
ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... Income Review has revealed disabled people are less likely to be in financial stress and poverty when retiring on the age pension alone than in their working lives - demonstrating the struggle a lot of disabled people have making ends meet throughout ...
QSuper bets on new retirement product
KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... executive Michael Pennisi told a recent member update that the product, while still in the works, complements the Age Pension and other superannuation earnings. The idea was conceived because he worries about the significant risks retirees face: running ...
Advice for all could add $630bn to economy
JAMIE WILLIAMSON  |  WEDNESDAY, 25 NOV 2020
... to receive financial advice and properly implement that advice, the economy would grow by $630 billion a year while Age Pension spending would go down by more than 20%, new research shows. Those are the key findings of a study conducted by CPA Australia ...
Confusion over retirement income objectives
KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... that should be. The Retirement Income Review report found the role of the pillars - superannuation , savings and the Age Pension - have to be determined in terms of how they can contribute towards achieving the system's objective. Many submissions the ...
Imbalance in generational retirement income: RIR
ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... encourages Australians to rely on their own savings to fund retirement but the burden on younger generations to fund the Age Pension should not become unsustainable, the Retirement Income Review has stated. The review noted the Age Pension is funded ...
New approach needed for Age Pension: RIR
ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...
SG verdict: Choose your own adventure
KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... assets, then with the SG rate remaining at 9.5%, most could achieve adequate retirement incomes when combined with the Age Pension....Maintaining the SG rate at 9.5% would improve the sustainability of the system," the report states. The Michael Callaghan ...
Fifth pillar in retirement system considered
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary savings. Additionally, many have pointed to household capital and home ownership ...
Homeowners given preferential treatment: RIR
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review found the treatment of housing in the Age Pension assets test provides more support to homeowners compared to non-home owners. The review found the preferential treatment given to home ownership leads to inequities in the ...
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