Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 1213 results for "Retiree"

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
The Labor government has delivered small wins to pensioners in its Budget, but not all will reap the benefits. Treasurer Jim Chalmers has increased pensioners' earnings amount, with the temporary income bank top up to increase from $7800 to $11,800 ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... inflation. Unlike, accumulators who can still benefit from wages that are increasing (albeit often lagging inflation), a retiree doesn't have that protection. Without a wage or salary increasing with inflation, retirees face additional risks to maintain ...

Millionaires worry about retirement

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
According to new research, 35% of millionaires believe it will take a miracle to retire securely. Natixis Investment Managers released The Million Dollar Question report which evaluates retirement sentiment among high-net-worth (HNWI) investors. It ...

Household Capital partners with Genworth

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
Genworth Financial Mortgage Insurance has taken a 22% stake in home equity retirement funding provider Household Capital, concluding a $37.6 million series C capital raise. Speaking to Financial Standard, Household Capital chief executive Joshua Funder ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... in tax revenue which represents the equivalent of less than 1% of total budget revenue and poses a significant drag on retiree incomes. "This analysis shows there is limited scope through superannuation taxation policy changes to raise revenue sufficient ...

Australian retirement system given B+

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
Australia's retirement system has been awarded a B+ by Mercer and the CFA Institute in their 2022 Global Pension Index, ranking sixth overall for the second consecutive year. The index covers 44 retirement systems around the world, measuring them on ...

US state public pensions fragile: Report

ANDREW MCKEAN  |  TUESDAY, 11 OCT 2022
... Meanwhile, it was reported that there are no consistent practices for providing inflation protection to public employee retiree benefits. Even within states, it was said that there are often varying sets of rules and provisions for how cost of living ...

ASIC issues stop order on third property fund

CASSANDRA BALDINI  |  FRIDAY, 30 SEP 2022
ASIC has made its third interim stop order this month on another property fund after it failed to meet target market determination (TMD) requirements. Australasian Property Investments Limited (APIL) is the most recent fund manager to be detected by ...

Allianz Retire+ bolsters executive team

CHLOE WALKER  |  MONDAY, 26 SEP 2022
Andrew Stewart and Malcom Weir join the Allianz Retire+ team as its new head of distribution wealth and head of life protection. The three hires play a pivotal role in the firm's refreshed strategy, according to Australian chief executive Adrian ...

2022 is the hardest year to retire: Report

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
... effort from policymakers, employers, the financial services industry and individuals." The GRI looked at the performance of retiree welfare across the globe and ranked Norway in the first place, Switzerland second and Iceland third. Australia sits at ...