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Search ResultsShowing 1 - 10 of 100+ results for "Retirees"
HESTA consolidates investment options
JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
... will impact all members with some of their super invested in any of the Your Choice Asset Classes as at September 30. Retirees will also see changes, with the fund opting to close its Defensive option, impacting HESTA Retirement Income Stream and Term ...
Banks ordered to reduce dividend payout ratios
KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... guidance was an improvement but banks need to resume paying dividends. "APRA's latest guidance is somewhat of a relief for retirees who rely on bank dividends to make ends meet," Hamson said. "However, it must be remembered that a 50% payout ratio is ...
What to expect from the Retirement Income Review
KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... Commission's final reports) but was tasked with setting the facts on four areas: how the retirement income system supports retirees, the role of each pillar in retirement, distributional impacts across the population and over time, and the impact ...
Super to lose $3tn by 2040
JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... decades include the increased dominance of the not-for-profit super sector and the amount of super savings attributable to retirees continuing to rise. "The contracting role of retail offerings in proportional terms is a transition that could fundamentally ...
Industry funds team up in longevity search
KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... not limiting itself to CIPRs' requirements of guaranteed income), with a longevity element. Carruthers says currently, retirees are implicitly using about 30% of their account based pension balances as a form of self-insurance/longevity protection by ...
APRA funds can learn from SMSFs: Rice Warner
ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... over their APRA-regulated counterparts, according to insights from Rice Warner. Rice Warner said SMSFs cater well for retirees as their structures are more sensible and allow retirees to manage their finances properly. The company said despite their ...
ATO can make cost of advice cheaper: Asher
KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... down the findings from the Retirement Income Review that Federal Treasurer Josh Frydenberg launched last year. He said retirees' needs fall into just five categories: a high income, an income that lasts (including for a spouse), a stable annual income ...
SG does wonders for households: Research
JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... inception in 1992, the index has risen about 6% on average each year. Further, ASFA anticipates that by 2050 half of all retirees will have achieved its Comfortable Retirement Standard, which is currently $44,200 per year for a single person or $62,400 ...
COVID-19 dampens retirement expectations: Study
ALLY SELBY  |  MONDAY, 22 JUN 2020
New research has revealed the extent of the economic impact of the COVID-19 pandemic on the nation's retirees, with many now fearful for the future. In a survey of 1007 current and prospective retirees nationwide, Allianz Retire+ found that four ...
The secret to neutralising sequencing risk
ALLY SELBY  |  TUESDAY, 16 JUN 2020
... the key to avoiding sequencing risk is to build an "all weather" portfolio. Absolute-return fund Cor Capital said pre-retirees and retirees in particular need to pay attention to sequencing risk to avoid significant losses at a time when they need their ...
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