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Showing 1 - 10 of 165 results for "Comfortable retirement"

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA  |  MONDAY, 22 APR 2024
... males and 85.3 years for females. Seventy percent of retirees from the CFS survey said they are enjoying a comfortable retirement with the amount of money they have saved. Many Australians (66%) are forced into retirement due to their own or partner's ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been under substantial pressure for the past two years due ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... MySuper accounts. "Younger investors will need to generate more wealth through superannuation to allow them a comfortable retirement income. While younger investors have the benefit of longer working lives and a rising superannuation guarantee, they ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... Australian dream has been debt-free home ownership, which provides the financial foundation and security for a comfortable retirement," AMP director retirement Ben Hillier said. "While home values and super balances are increasing, research shows that ...

Former JPMAM Australia head joins Nest

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... "Nest's mandate to serve the broadest set of individuals, to help our members save and achieve their most comfortable retirement possible, are huge parts of why I wanted to join Nest. "Having gone through the interview process, what really stood out ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Services co-founder Muzzammil Dhedhy told Financial Standard : "Superannuation is fundamental to ensuring a comfortable retirement, but we realised that there wasn't a Sharia account-based pension fund available to Australian Muslims. This can be ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... lost earnings and missed career opportunities during their time as carers but also in the form of a less comfortable retirement in the future." Meanwhile, KPMG renewed its call for the SG to be applied to Commonwealth Paid Parental Leave (PPL) to continue ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... is the fear of running out of money," she said. "I'm deeply committed to helping Australians achieve a comfortable retirement, which is why I'm pleased to contribute my knowledge and expertise in supporting the development of innovative solutions that ...

Super members want free advice: Survey

KARREN VERGARA  |  THURSDAY, 25 MAY 2023
... retirement. Thirty-six percent working in the corporate sector and finance believe they have enough for a comfortable retirement. Super funds still lack proactivity when it comes to communication. Almost four in five (79%) want their fund to share more ...
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