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Showing 1 - 10 of 107 results for "Retirement Income Review"

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... Superannuation Guarantee and was first recommended by the Financial Systems Inquiry in 2014 and reinforced in the Retirement Income Review of 2020. Super Members Council chief executive Misha Schubert welcomed the bill's passage, adding that it's appropriate ...

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... aligns its default inflation rates with the federal government's 2023 Intergenerational Report (IGR), Retirement Income Review, and current midpoint of the Reserve Bank of Australia's target range for consumer price inflation. ASIC said it will review ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC). The Actuaries Institute dialogue paper, Retirement matters, explained that such a framework would include support ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... are going to need to do more. One area of important need is financial advice." Jones explained that the Retirement Income Review found that only a quarter of those approaching retirement seek financial advice. "That means members are making big decisions ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... $181,000 in superannuation on average, while women have $139,000. Referencing the Grattan Institute and Retirement Income Review, higher super contributions are ultimately funded by lower wages, thereby making women poorer before they reach retirement. ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... because there is no requirement that a portion of super savings be taken as an income stream." "From the Retirement Income Review to the Retirement Income Covenant, and the work to define an objective of superannuation, there have been some excellent ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... equity is four times the value of superannuation for the median retired household," he said. "The federal Retirement Income Review led the way globally by including home equity among the three pillars of retirement funding and Australia has the world's ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... rates drop. Housing must be a central consideration of a successful retirement, it said, adding that the Retirement Income Review enforced the benefits of home ownership in retirement, saying the current retirement income system does not deliver for ...

Super heads support capping retirement balances

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... sensible conversation about tax concessions can be had, she believes there's room for discussion. "The Retirement Income Review showed that at $5 million, you're getting $70,000 of tax concessions per annum. That's more than the median income in Australia ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... and assets as the Age Pension and super integrate will work together, he says. "It is complicated, the retirement income review said it's complex, I think within that there are some disincentives in the system so it's not quite as efficient as ...
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