Australia overdue for retirement income overhaul: review family home, bequests and gig workers’ rights

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Retirement income for Australians, which rests on the three pillars of compulsory superannuation, a publicly-funded Age Pension, and voluntary savings, must undergo significant reform to be simpler, more efficient, and equitable, a year-long policy review from the Actuaries Institute said. The Institute’s recommendations are set out in a just-released policy document, Securing Adequate Retirement Incomes

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Household Capital 2020 Third Pillar Forum

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Household Capital’s 2020 Third Pillar Forum launched yesterday as an online experience. The online forum includes a live panel discussion and interviews with 27 experts from around the world. The Forum’s live national panel debate was hosted by Ali Moore in the Melbourne studio with Andrew Boal, CEO of Rice Warner and Joshua Funder, CEO

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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 governing financial advice should ensure that people can access low cost guidance to help them to make better decisions about how they manage their savings,

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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 test rules are adversely applied to their assets. In a Dialogue paper[1] prepared for the Actuaries Institute, Andrew Boal states that a ‘taper trap’ encourages

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Sponsorship announcement International Congress of Actuaries 2022

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The Actuaries Institute Australia is delighted to confirm Reinsurance Group of America, Incorporated (RGA) as the first Platinum Sponsor of the International Congress of Actuaries being held in Sydney, Australia from 3 – 7 April 2022. RGA, one of the largest global life and health reinsurance companies, has been a longstanding supporter of the International

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Actuaries welcome super changes that should lead to improved living standards for retirees

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The Actuaries Institute has welcomed the federal Government’s changes to Australia’s post-retirement superannuation system that it hopes will lead to improved living standards for retirees. The legislation passed through Parliament on February 14. The raft of measures deal with the risks for retirees that they outlive their savings; it will give older Australians more financial

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