Australia ranked 6th globally for retirement outcomes in 2018 Natixis Global Retirement Index

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Australian retirees’ wellbeing is again ranked 6th in the world for the third year running, according to new research from Natixis Investment Managers. Australia’s ranking is largely attributed to an improvement in the “Finances” sub-indices, and stability in the “Health” and “Material Wellbeing” sub-indices, where it ranked 4th, 13th, and 21st respectively. The 2018 Global […]

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UniSuper reduces admin fee to boost retirement savings of casual and young members

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UniSuper, the $72 billion super fund for the higher education and research sector, has announced a significant reduction in its annual administration fee, further lowering the cost of superannuation for over 100,000 members. From 1 October, UniSuper will replace its standard annual $96 fixed administration fee on its accumulation products with an annual fee of the […]

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Life after accumulation: Vanguard launches suite of retirement research

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Vanguard has launched a new suite of research aimed at helping Australians plan for a comfortable retirement. Vanguard’s Investment Strategy Group has developed tools which can assist investors and their advisers compile a comprehensive retirement plan, and execute a sensible spending strategy, to ensure income endures throughout their retirement years. The research spans three new […]

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Research shows falling retirement spend driven by behaviour, not declining income

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Does spending decline dramatically through retirement due to declining assets balances? Can individuals predict their retirement spending based on pre-retirement income? New analysis by Milliman suggests that retirees’ age is just as strong an indicator of behaviour as income levels and casts doubt on common benchmarks, such as using a percentage of final salary as […]

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SuperEd adds B2C with Retirement Essentials merger

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Personalised digital advice provider SuperEd will add a unique retiree service for super funds and secure a direct-to-consumer offer after finalising its merger with consumer advice platform Retirement Essentials. Retirement Essentials provides retirees with a concierge service which guides them through Centrelink’s complicated Age Pension application process. After the merger, SuperEd will become the only digital […]

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The First Home Super Saver Scheme

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The First Home Super Saver Scheme (FHSSS) is intended to assist individuals entering the property market by allowing them to save on tax and receive higher earnings than if the money was invested in a bank account. What is the scheme? From 1 July 2018, an eligible member may apply to withdraw certain contributions (and […]

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Super plans for a new financial year

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July is the perfect time for people to ensure superannuation arrangements are on track for the financial year ahead, and to ensure their fund is still well placed to meet their needs, says Andrew Yee, Director, Superannuation with HLB Mann Judd Sydney. “There are a number of superannuation tactics that are best put in place […]

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GROW Super announces fee-free parental leave initiative to help raise awareness of super gap issue

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GROW Super announced yesterday their fee-free parental leave initiative to raise awareness to the growing super gap with women on average retiring with nearly 40% less than their male counterparts; an issue with devastating effects on Australia’s ageing population that will become even more challenging with increased cost of living in the future. Currently, the […]

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How much do you need to retire comfortably?

Three quick questions: Why do you work? How long will you work for? How much do you need to retire? Did you answer “I don’t know” to questions two and three above? Next question then. Do you go and buy a car without knowing your budget? Do you start a home renovation without knowing what […]

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Schroders Global Investor Study 2018: People significantly underestimating cost of living in retirement

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Key insights include: Australians expect to spend an average of 39% of their retirement income on basic living expenses — but the reality is retirees require 58%. Working Australians feel they should be saving 15% of their current income for a comfortable retirement, but they only save an average of 12%. Australian retirees currently live […]

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