Actuaries Institute research shows equity gap growing between generations

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Falling rates of home ownership, government spending that skews to older Australians and deteriorating environmental factors are some of the factors that have driven a wider gap in equity between

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Low cost guidance needed as part of retirement income review

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Improved access to affordable financial information, guidance and advice should be one feature of the looming review of Australia’s retirement income system, the Actuaries Institute said. A new regulatory regime

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Australian Actuaries Climate Index shows a lull in extreme events but a persistent trend in overall climate

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Key points The weather has largely returned to typical levels in Australia after a period of extremely destructive bushfires and storms. While the record-breaking extreme high temperatures, dryness and rainfall

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Retirement framework must consider longevity risk protection and better, low-cost advice

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Superannuation funds should include a longevity-based product in their retirement income offerings and provide retirees with greater levels of low-cost financial advice to help improve living standards for older Australians.

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Savers hardest hit by means test rules

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A large portion of Australia’s middle-income earners are encouraged to spend their retirement nest egg or lose access to more disposable income from the Age Pension as the current means

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Australian Actuaries Climate Index reflects devastating Summer bushfires and storms

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The Australian Actuaries Climate Index[1] reflects the extreme weather conditions that enabled the destructive bushfire season that resulted in $2.3 billion of insurance losses and claimed 34 lives over the

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Actuaries Institute says ATO should have key role in early super release, estimates $25b-plus withdrawals

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The Actuaries Institute recommends the Australian Tax Office play a significant role in payment of limited, early release superannuation to people financially impacted by COVID-19. The Government has said it

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Actuaries Institute appoints Hoa Bui President for 2020

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The new president of the Actuaries Institute, Hoa Bui, said she would bring a renewed focus to giving young actuaries a voice in the profession during her term as leader

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Actuaries Institute issues warning about superannuation shortfalls

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In a submission to Treasury, the Actuaries Institute finds: More people risk falling outside superannuation guarantee as gig economy expands. There is scant encouragement for Australia’s older workers to keep

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Actuaries Institute recommends disability insurance sector reform to ensure community and customer benefits

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The Actuaries Institute said Australia’s $5 billion disability income insurance (DII) sector needs urgent reform, noting that failure to implement significant changes will reduce consumer access to affordable disability cover

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