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Showing 1 - 10 of 1215 results for "Retiree"

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
The UK government plans to introduce a 'value for money' test for workplace pension schemes and mandate them to offer retirement products, as it looks to ensure Brits retire with more. A new Pension Schemes Bill, announced in a speech by King ...

Aware Super delivers 11.02% to default members

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... Meantime, the High Growth Socially Conscious option returned 12.73%. Its Conservative Balanced pension option, home to most retiree members, returned 7.66%.

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and ...

Inflation weighing on next generation of retirees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Generation X - the next in line to retire - is worried about running out of money, or not having enough to retire at all, according to new research by Natixis Investment Managers. The research, conducted in collaboration with CoreData Research, found ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
New research from Allianz Retire+ has shown that Australia's ageing population is rapidly shifting its retirement planning focus to income rather than accumulation. The white paper suggested this change has seen financial advisers refining their advice ...

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey. Vanguard Australia managing director Daniel Shrimski said after working hard and saving ...

Older clients boost book values

KARREN VERGARA  |  THURSDAY, 13 JUN 2024
... More and more, Birt said buyers are focused on two main factors: client age and fee size. As an example, a 70-year-old retiree client who pays $6000 annually in ongoing fees and is based in a capital city generally results in the higher 2.5x multiple. ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
"Higher-for-longer interest rates" are dictating many adviser-client conversations, according to BT, as they gear up to close the financial year. An analysis of 8000 queries from financial advisers fielded by the BT technical services team found that ...

Retiree dilemma: Supporting children or preserving lifestyle?

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... director of retirement Ben Hillier said as housing unaffordability and cost-of-living pressures rise, Australia's burgeoning retiree population faces a growing dilemma - how do they help their children financially, while also fully enjoying their retirement ...
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