News : Retirement

Regulation, Retirement, SMSF

Logic of SMSFs under RIC questioned

FAAA Financial Advice Association Australia RIC Retirement Income Covenant SMSFs

The government has been questioned as to why it is considering the inclusion of SMSFs under the Retirement Income Covenant, given their high levels of member engagement and access to advice.

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Legislation, Regulation, Retirement, SMSF, Superannuation

RIC unnecessary for SMSFs

SMSF Retirement Income Covenant Investment strategy IFPA

The government is being encouraged to exclude SMSFs from the provisions of the Retirement Income Covenant after it recently raised the possibility of their inclusion.

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Retirement, Superannuation

Shift in policy focus supported

Actuaries Institute retirement superannuation drawdown accumulation decumulation

The government’s increased focus on the decumulation phase of superannuation has drawn support from a key professional body.

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Retirement

Retirement assumptions may be wrong

Retirement income Challenger Capital Preferences Superannuation annuity

A new study has found retirement income choices and preparedness are highly individualised and government modelling of cohorts may lead to inaccurate outcomes.

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Retirement

Government retirement costings inappropriate

Retirement Funding Superannuation system Age pension

The current methodology used to ascertain what it is costing the government to fund Australians’ retirement is misleading and not appropriate.

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Retirement, SMSF, Superannuation

Definitions key to avoid retirement confusion

Superannuation Retirement definition Financial adviser Accountant Auditor Heffron Leigh Mansell

SMSF practitioners are confusing the definition of retirement for superannuation purposes, but need to be aware there are two ways to view this event taking place.

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financial advice, Retirement

Advice funded by super supported

Retirement Financial advice Superannuation Funding Cost of advice Colonial First State Kelly Power

Australians strongly support the use of a financial adviser and believe retirement savings should be accessible to pay for it.

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Pensions, Retirement, Superannuation

Living costs hit retirement confidence

Retirement income covenant Retirement savings Superannuation Cost of living

Rising living expenses are causing a growing number of Australians to harbor less confidence in their quality of life as they approach retirement age.

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Retirement, Superannuation

Australians find comfort in super

Superannuation Superannuation system Retirement savings Super Members Council

Most Australians have a high degree of confidence in both the country’s superannuation system and their personal super savings to achieve their financial goals.

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financial advice, Legislation, Retirement, SMSF

SMSF advice requirement unnecessary

SMSF Retirement Income Covenant Financial advice advisers

A recent proposal to extend the Retirement Income Covenant provisions to SMSFs is unlikely to adequately meet the current financial advice needs of trustees.

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