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Showing 1 - 10 of 21 results for %22ASFA Retirement Standard June%22

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... consumer price inflation drives up the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... superannuation account balances are 20.5% less than those of men at retirement age. The Association of Super Funds of Australia (ASFA) says the gap is larger, with their numbers indicating women retire with 23% less than men. The Actuaries Institute ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... Superannuation Funds of Australia (ASFA) the cost of retiring increased in the June quarter. The ASFA Retirement Standard June quarter 2021 figures indicate that couples aged around 65 living a comfortable retirement need to spend $63,352 per year and ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... seeing a "steep" increase in the cost of basic items, according to the Association of Superannuation Funds of Australia. In ASFA's latest Retirement Standard, it found over the year to June quarter 2019 costs rose by 1.5% for retiree couples at both ...

Super fund redesigns insurance offering

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
... Financial Services. The PJC believes in a single government-backed code administering the industry. Recent comments from ASFA chief executive Martin Fahy backed the voluntary code, stating: "In some instances, the code has higher standards in place than ...

FS has you covered in 2017

DARREN SNYDER  |  FRIDAY, 22 DEC 2017
... of learning and networking was that change is here to stay - and advisers must respond to it smarter and better than ever. ASFA Conference At the end of last month about 2000 delegates made their way to Sydney's International Convention Centre for the ...

Pre-retirees risk significant shortfalls: MLC

EMMA RAPAPORT  |  TUESDAY, 29 AUG 2017
... retirement', according to research from MLC. More than half of those aged between 50 and 70 are on course to fall beneath the ASFA standard ($545,000 for a single, $640,000 for a couple who own their own home), while about half (43%) admitted to having ...

Australians failing to act on increased retirement cost

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... global average of 50%. Keeping in mind that budgets assume retirees own their own home outright and are relatively healthy, ASFA estimates that couples aged around 65 need to spend $59,971 per year to live a comfortable retirement, while singles would ...

ASFA chief executive Vamos to step down

MARK SMITH  |  WEDNESDAY, 17 FEB 2016
Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos has decided that the time is right to step down after eight and a half years in the role. The ASFA board will shortly commence recruitment for her replacement and ...

Australians are hardly retirement ready

DARREN SNYDER  |  THURSDAY, 27 AUG 2015
... considered to be comfortable retirement savings ($58,444). This is based on the Association of Superannuation Funds of Australia (ASFA) retirement standards released in March 2015, although ASFA recently updated the standards. Take away the Age Pension ...
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