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Search ResultsShowing 1 - 10 of 72 results for "Retirement Income Stream"
Challenger launches new lifetime annuity
KANIKA SOOD  |  MONDAY, 24 AUG 2020
... chief executive of distribution, product and marketing Angela Murphy. "It is an Australian first for a retirement income stream to deliver the combination of income certainty with a variable component linked to the RBA interest rate. The option maintains ...
HESTA consolidates investment options
JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
... 30. Retirees will also see changes, with the fund opting to close its Defensive option, impacting HESTA Retirement Income Stream and Term Allocated Pension members. All those invested in the option will be transferred to the Conservative option The Transition ...
Industry fund introduces new fee
ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. In an update to members, the super ...
Aberdeen Standard, HUB24 partner
KANIKA SOOD  |  TUESDAY, 21 JAN 2020
Aberdeen Standard Investments is set to launch retirement income products, managed portfolios and a "bionic" advice solution for advisers and employers in partnership with HUB24. The new set of "bionic" advice solutions will kick off with a tool for ...
Cbus Super chief to exit
KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
David Atkin will leave as the $57 billion superannuation fund's chief executive later this year after 12 years in the role. Atkin steered Cbus as it grew from just $12 billion in assets under management, adopted a more comprehensive approach to ...
Industry fund offers bonus on income streams
KANIKA SOOD  |  THURSDAY, 31 OCT 2019
A $54 billion industry fund is nudging its older members towards income streams with a bonus of up to 2%, as it develops its retirement income solutions. Cbus will introduce a bonus for members upon retirement, with chief executive David Atkin saying ...
Corporate fund updates members on fee changes
KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... interest remains unchanged at 0.07%, while international shares rose by 0.01% to 0.15%. The transition to retirement income stream (TRIS) balanced option saw investment fees decrease from 0.56% to 0.50%. Its estimated transaction costs went down from ...
Franking changes feared by shareholders
HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... for medical expenses and buying groceries. "In this context, it would be very disappointing to see this retirement income stream taken away from them," he said. Freeman also pointed to the continued faith retail investors placed in Australian companies ...
Interest in early access to super rises
JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
... "However, super benefits can be accessed as a tax-free lump sum during this period, or used to commence a retirement income stream, which receives both a tax exemption on earnings, and has no maximum pension restriction." It may be more flexible and ...
New law tightens unpaid SG penalties
KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... you, but that's not always the case." The new provisions, O'Dwyer added, will enable the transition to retirement income stream of a super fund member to be paid at death to their eligible dependants without having to be commuted and a new income stream ...
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