MLC calls on women to take action on super

From

Ahead of International Women’s Day, MLC is raising awareness about the importance of superannuation and the amount of savings women will need in retirement. Women retire with 40% less super than men which means too many women are risking a very basic lifestyle in retirement.  Additionally one in four women will have little or no

continue reading

One third of Australians expect major retirement savings shortfall

From

Almost one third (31.7%) of Australians expect a large financial shortfall at retirement with a further 25% expecting a shortfall to some extent, according to a special report: MLC Retirement Survey. Alarmingly only 3.5% of Australians expect to have more than enough money to maintain their lifestyles in retirement. The survey of 2,000 Australians also

continue reading

Too little too late – baby boomers claim changes to super won’t make a difference

From

Only 19% of Baby Boomers say recent moves to increase super contributions will give them more confidence in their ability to fund their retirement dreams according to the 2013 RaboDirect National Savings and Debt Barometer (NSDB), launched yesterday. The survey of 2,322 Australians aged 18 to 65 also revealed the extent of the gap between

continue reading

Retirees drive demand for outcome-oriented approach to investing

From

Alliance approach provides financial planning practitioners support in building innovative retirement income solutions for specific individual investor objectives Financial advisers are no longer content with the traditional benchmarking approach to investment returns and are instead seeking solutions that cater to the specific needs of investors – particularly retirees, according to Russell Investments and echoed by

continue reading

Actuaries disappointed longevity risk ignored again in 2011 Federal Budget

From

The Institute of Actuaries of Australia (the Institute) has today said it was disappointed the pressing issue of longevity risk was largely ignored in the 2011 Federal Budget. The Institute has been urging the government to develop longevity risk policies, including removing barriers to the development of a new generation annuities market, to meet the

continue reading

Legg Mason urges investors to rethink retirement portfolios

From

Real assets can be useful tool to produce stable income Legg Mason launches funds to fill gap for retiree tailored products x A new paper released by Legg Mason today argues the burning issue of longevity risk needs to fuel a rethink of portfolio construction for retirees with a greater emphasis on income producing alternatives and equities.

continue reading

More to risk than market volatility

From

Ongoing concerns by investors about market volatility may mean they are ignoring other critical investment risks which can have a major impact on their retirement income, says Mr Cameron Dickman, head of retail at Australian Unity Investments. “The global financial crisis has focused investor attention on one kind of risk, market risk – the risk

continue reading