News : Retirement

Work test amendments drafted

March 5, 2020

The federal government has released draft legislation to modify the work test rules associated with superannuation contributions for older Australians.

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Investments, Retirement

Retirees require better risk protection

March 4, 2020

Darin Tyson-Chan

ASIC needs to do a better job in making sure the risks associated with offerings advertising higher-than-average returns are properly communicated to retirees, a senior executive from a research house has said.

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Pensions, Retirement

SMSF legacy pensions need reform

March 3, 2020

Tharshini Ashokan

The Actuaries Institute’s call for government action on legacy pensions is an important step towards helping retirees trapped in SMSF legacy income streams, an actuarial services provider says.

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Investments, Retirement

Allianz Retire+ adds retirement portfolio tool

March 3, 2020

Jason Spits

Allianz Retire+ has added a portfolio modelling tool to its retirement income product to predict a range of outcomes for those invested in it.

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Retirement, Strategy

Downsizer contributions benefit from ‘no rules’

February 25, 2020

Tharshini Ashokan

Trustees should not underestimate the opportunities presented by downsizer contributions particularly where the rules are not explicit in how it can be used.

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Retirement, Superannuation

Small contribution can shift retirement view

February 25, 2020

Jason Spits

A small increase in super contributions can affect how people see their retirement prospects, shifting them from negative to positive.

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Retirement

SMSFs should be prototype

February 19, 2020

Darin Tyson-Chan

The SMSF sector should be seen as a prototype demonstrating how Australians can be better serviced in retirement by super funds, an industry body leader has said.

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Retirement

Drought drives spike in retiree spending

February 18, 2020

Tharshini Ashokan

The cost of living for retirees accelerated during the December quarter, the latest ASFA Retirement Standard has revealed.

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Retirement

Review to cause more change

February 17, 2020

Darin Tyson-Chan

The Retirement Income Review is likely to lead to more changes to the superannuation system, but these changes should improve the overall strength of the system in the long term, the head of an industry body has predicted. “In the short term I think [the Retirement Income Review] is likely to lead to more change, […]

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Retirement, Superannuation

Actuaries Institute wants broader SG coverage

February 13, 2020

Jason Spits

A call for the super guarantee to include more Australians regardless of their employment situation has been made by the Actuaries Institute in its submission to the Retirement Income Review.

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