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Showing 1 - 10 of 164 results for "Social Security"

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... and territory. More opportunities in every TAFE and University. A dignified retirement for older Australians." Social security deeming rates for financial investments will remain at current levels until 30 June 2025. This will benefit approximately 876,000 ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... appropriate funding method. A slew of costs to consider include accommodation payments, daily care fees, tax, social security, and estate planning services. "Strategic and financially complex aged care advice is increasingly provided to older Australians ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... government has prioritised maintaining entitlement benefits for people his age (71) even though it might mean that Social Security will struggle to meet its full obligations when younger workers retire. "It's no wonder younger generations, Millennials ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... lifetime income that afford advisers the flexibility of a wrap account while granting clients a variety of tax and social security benefits. Meanwhile, HUB24 and Netwealth have natively integrated Allianz Retire+ AGILE and Challenger fixed-term annuities ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... of living. In addition to regulatory, longevity and return risk, retirees need to manage a complex tax code and social security system. Further, figuring out the exact amount retirees should drawdown is also complex. Citing a 2022 study by actuary and ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... interest costs will double by 2033 to 3.6% of GDP. It also estimates a rise in mandatory spending on Medicare and social security by 1.5% of GDP over the same period. Further, Fitch expects government deficit to rise to 6.3% of GDP in 2023, from 3.7% ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... information was involved," it said. Also like CalPERS, the information accessed included names, birth dates and social security numbers. "We know that members may be concerned, and CalSTRS is committed to ensuring the privacy and security of our members' ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... secure and encrypted, the fund said. The information accessed includes first and last names, dates of birth, and social security numbers. It may have also included the names of former or current employers, spouses or domestic partners, and children ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... be required to take into account the member's personal circumstances, including their family situation and social security entitlements if that is relevant to the advice. Superannuation fund trustees should have the power to decide how to charge ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... and 20 years into retirement. "Many of the costs of accessing the Australian healthcare system are linked to our social security system," he pointed out. "MRIs, ultrasounds, or all sorts of different medical tests can be substantially different out-of-pocket ...
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