News : Retirement

Pensions, Retirement, Superannuation

Annuity design flaws addressed

Annuities Retirement income products challenger Mercer

Annuities are showing an increase in popularity among retirees since providers of these products have addressed some of the associated design issues.

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Retirement

Home equity in retirement overlooked

Home equity Retirement SMSF Association Retirement income

Using equity gained from home ownership may be an underused strategy to help prolong superannuation savings in retirement.

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Retirement, Superannuation

Trust low in govt retirement products

Retirement income products superannuation FSC

Few consumers trust that the government is best suited to decide which retirement products will suit them, with many wanting to retain that choice for themselves.

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Retirement, SMSF, SMSFA, Superannuation

SMSF Association opposes RIC inclusion

SMSF Association Investment strategy Retirement Income Covenant

The SMSF Association believes communication at crucial stages of the SMSF journey would be a more practical strategy to realise the aims of the Retirement Income Covenant.

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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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