Retirement

Retirement Articles

Implications of renting out the family home

RAHUL SINGH | Comments | FRIDAY, 29 JAN 2021

When a client moves into aged care, given that for many, a significant proportion of wealth is tied up in the family home, it is important to understand the impacts on social security and aged care means ... When ... Read more

Principal home exemption

MANSI DESAI | Comments | THURSDAY, 6 AUG 2020

From a social security assessment point of view, the principal home is generally an exempt asset irrespective of the value of the home. However, there can be circumstances when the exemption may not ... Read more

FASEA requirements for aged care

ASSYAT DAVID | Comments | WEDNESDAY, 1 JUL 2020

The Financial Adviser Standards and Ethics Authority (FASEA) standards that came into effect from 1 January 2020 are compulsory for all financial advisers who provide financial services to retail clients. The ... Read more

Common FAQs for low means residents

MINH LY | Comments | FRIDAY, 22 MAY 2020

This paper shares some common queries around the technicalities for low means residents. The FAQs in this paper relate to those who enter residential aged care from 1 July 2014. Any rates and thresholds ... This ... Read more

Granny flats: Deprivation and homeownership

SEAN HOWARD | Comments | THURSDAY, 9 APR 2020

The Centrelink treatment of granny flat arrangements is important to understand because of the implications for deprivation and homeownership. Granny flat arrangements can allow a person to transfer ... Read more

Til death do us part

RAHUL SINGH | Comments | FRIDAY, 15 NOV 2019

An aged care focus In the 2017/18 financial year, the average age of admissions to permanent residential aged care was 82 years for men and 84.5 years for women (Department of Health, 2017-18 Report ... Read more

Everything you need to know about granny flat agreements

ANGELA HARRY | Comments | FRIDAY, 25 OCT 2019

Moving into a granny flat is a great way to live close to loved ones while providing them with a first home or investment property, but before committing to such a drastic change in living arrangements ... Moving ... Read more

Commonwealth Seniors Health Card

STUART SHEARY | Comments | FRIDAY, 2 AUG 2019

What strategies can be used to obtain and retain the Commonwealth Seniors Health Card (CSHC)? Self-funded retirees of age pension age may be eligible for the CSHC. The CSHC offers several benefits for ... What ... Read more

Planning for the third phase of retirement

ASSYAT DAVID | Comments | THURSDAY, 25 JUL 2019

Retirement planning for baby boomers has provided the foundation for significant growth in the financial services industry. It has underpinned service models, product solutions and growth outcomes. But ... Retirement ... Read more

Receiving help at home to support ageing needs

LINDA BRUCE | Comments | FRIDAY, 1 FEB 2019

Ageing populations across western industrialised nations like Australia are a result of increased life expectancy and lower birth rates. In fact, as at 30 June 2018, our nation had over 3.9 million people ... Ageing ... Read more

The role of the age pension in your retirement plan

NATHAN ZAHM , TIMOTHY SMART | Comments | FRIDAY, 12 OCT 2018

For most Australian retirees, the age pension is a meaningful portion of their retirement income, and for all retirees it should be considered as part of the retirement planning process. Two key features ... For ... Read more

Retirement really is different

JEREMY COOPER | Comments | TUESDAY, 24 APR 2018

Former Prime Minister Paul Keating conceded some years ago that the super system was not designed for people who were going to live over the age of 80. The system he conceived was for the 55 to 75-year-olds. Former ... Read more

Customer experience in the ageing sector

NICKI DOYLE , LIZ FORSYTH | Comments | TUESDAY, 11 JUL 2017

No matter what we're buying, we all want a good customer experience - we want to think 'wow'. As consumers, we're becoming increasingly aware of what great customer experience feels like ... No ... Read more

The Age Pension over the years

LING WANG | Comments | FRIDAY, 30 JUN 2017

The Australian government has provided income support to eligible retirees since 1909. This has been achieved mainly through the provision of the Age Pension and several supplementary benefits. Over ... Read more

Rethinking post-retirement asset allocations

SAMUEL MORRIS | Comments | FRIDAY, 24 MAR 2017

While growth assets are widely accepted in asset allocation decisions during the accumulation phase, many investors overlook the benefit allocating to shares can provide in the way of growing tax-effective ... While ... Read more

Think again: behavioural finance and retirement incomes

JONATHAN STEFFANONI | Comments | FRIDAY, 24 MAR 2017

It is paramount that retirement income systems and the advisers, trustees and other fiduciaries responsible for their management strike a fine balance between individual freedom and subtle nudges or ... Read more

Innovative retirement income products

CRAIG RACINE | Comments | FRIDAY, 14 OCT 2016

As the post-war baby boomers continue their march towards retirement more than four million Australians have reached the 50 to 65 age group. Interest rates are at historical lows and, given a highly ... Read more

Retirement income adequacy - are we still making progress?

JOHN BURNETT , NICHOLAS WILKINSON | Comments | FRIDAY, 24 JUN 2016

While investment markets performed strongly from 2010 to 2014, there haven't been corresponding improvements in the projected retirement income adequacy for all groups, especially for couples. A ... Read more

SM Bonds: A public-private partnership for longevity risk management

SHAUNA FERRIS | Comments | FRIDAY, 24 JUN 2016

There is a consensus of opinion: retirement income products which are currently available in the Australian market are not meeting the needs of our retirees. Too many people are seriously worried about ... There ... Read more

The need for a richer suite of retirement products

JEFF ROGERS | Comments | FRIDAY, 24 JUN 2016

Designing appropriate investment strategies for retirees is more challenging today than it has ever been. In the past, nominal and real interest rates were higher while average life expectancy was shorter. Designing ... Read more

Designing retirement solutions that deliver income for life

CRAIG HURT | Comments | FRIDAY, 24 JUN 2016

Regulation in our market is changing the way that retirement income solutions are built. This paper, developed with the global experience of both AXA Life Invest and AXA Investment Managers, looks at ... Regulation ... Read more

A new approach

KERRIE SYDEE , DAVID REED | Comments | FRIDAY, 4 MAR 2016

FS Advice spoke with 2015 AFA Adviser of the Year, David Reed, who believes that financial advice must move into a retirement coaching role to enable clients to achieve their goals. FS Advice spoke ... Read more

Rethinking "safe" investments for retirees

REECE BIRTLES | Comments | FRIDAY, 4 MAR 2016

Back in 2020, Martin Currie started to look at how the ageing population was changing the retirement environment in Australia, and how people moving into retirement were actually going to fund their ... Read more

The challenge of longevity risk - making retirement income last a lifetime

ACTUARIES INSTITUTE AUSTRALIA | Comments | FRIDAY, 4 MAR 2016

This paper concentrates on longevity risk in the context of the retirement income system in Australia, the UK and the US. This paper concentrates on longevity risk in the context of the retirement ... Read more

Is it sensible to buy an annuity in the current environment?

AARON MINNEY | Comments | FRIDAY, 4 MAR 2016

Retirees often ask their adviser if it is a good idea to lock in retirement income in a low interest rate environment. There is often a sense that "rates will have to rise" so clients assume ... Retirees ... Read more

The cross-generational appeal of managed portfolios

ANDREW ALCOCK | Comments | TUESDAY, 3 NOV 2015

Age does make a difference when it comes to investing. Baby Boomers, Generation X and Generation Y have diverse investment needs, depending on what stage of life they are in. Managed portfolios are an ... Age ... Read more

Generation income

NAB ASSET MANAGEMENT | Comments | THURSDAY, 11 DEC 2014

When it comes to retirement, Australians have their sights set on a lifestyle outcome. However, the challenge for the advice industry is building retirees' knowledge of the wealth they need to achieve ... When ... Read more

Keeping the family home to pay for aged care

BENEDICT DAVIES | Comments | MONDAY, 1 JAN 2007

There were significant changes to aged care planning that came into effect last year. We look at the opportunities they create. Accommodation bond balances for accommodation bonds paid on entry to low ... There ... Read more

New retirement strategies

BRONWYN SPEED | Comments | MONDAY, 1 JAN 2007

Over the past two decades a handful of issues have emerged in Australia which affect the retirement system: An ageing Australia. Inadequate super savings. Steady rises in living expenses for retirees. Over ... Read more

Planning for retirement income streams

KEAT CHEW | Comments | SUNDAY, 1 JAN 2006

The recent Federal Budget 2005 has given the superannuation and retirement income industry a significant boost with proposed tax cuts, abolition of the superannuation surcharge and superannuation split ... The ... Read more

Rearranging allocated pensions - key pointers and developments

DAVID SHIRLOW | Comments | SUNDAY, 1 JAN 2006

With the introduction of term allocated pensions (TAPs), introduced in September 2004, the strategy of converting existing retirees' allocated pension arrangements into a combination of TAPs and ... Read more

Summary of the guide to Department of Veterans' Affairs payments

NATHALIE BOUQUET | Comments | SUNDAY, 1 JAN 2006

There are numerous income support payments and allowances payable by the Department of Veterans' Affairs (DVA), each with their own set of qualification rules and thresholds.The article provides ... Read more

Reverse mortgages and pension planning

BENEDICT DAVIES | Comments | MONDAY, 1 JAN 2007

Changes announced in last year's Budget have removed some of the complications of pension planning. The Assets Test taper will be halved, increasing the number of people who are eligible for a part-pension ... Changes ... Read more

Transition to retirement strategies - impact of the 2006 Federal Budget

KATE MCKINNA | Comments | MONDAY, 1 JAN 2007

The substitution of employment income, which has been salary sacrificed into super, with pension income, is a strategy that has received significant attention following the introduction of the transition ... The ... Read more

The great Australian dream

KEVIN CONLON | Comments | TUESDAY, 1 JAN 2008

As is well known the Baby Boom generation is nearing retirement age. With much of their wealth tied up in residential real estate, the boomer generation need to work out how that large investment helps ... As ... Read more

Looking at retirement from a different perspective

LESTER WILLS | Comments | TUESDAY, 1 JAN 2008

In this article Dr Lester Wills reviews work by two US-based academics, Robert Arnott and Anne Casscells. Lester considers the Arnott and Cassells' proposition that a stable dependency ratio rather ... In ... Read more

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Research aims to solve cash conundrum ELIZABETH MCARTHUR With record-low interest rates set to stay in place for some time, Allianz Retire+ has released new research looking at how best to solve the cash conundrum.	Former adviser cops eight-year ban KARREN VERGARA A former ANZ and Infocus Securities financial adviser has been banned for eight years after ASIC found evidence of forgery and falsifying documents.

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