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Pension

This Month

Australia’s biggest life insurance companies have all changed hands in the past decade.

Japanese giant shows courage with life insurance slam dunk deal

It takes Japanese-type conviction to double down on a challenged market, and pay a big price to do so.

  • Anthony Macdonald

November

It was designed to be independent, to make sound investments, and to deliver financial returns for all Australians.

Hands off, the Future Fund is not a political slush pool

Treasurer Jim Chalmers’ plan means that a cornerstone of Australia’s financial security is suddenly viewed as a mere piggy bank for the latest government whim.

  • Spiro Premetis

October

Australians are lucky to have the nearly $4 trillion superannuation sector. It is world class, but can always be better.

Super system potshot a chance to double down on Keating’s vision

While we should not let the International Monetary Fund dictate how ordinary Australians’ savings are invested, it does have a point worth talking about.

  • Anthony Macdonald

September

The best and worst retirement calculators revealed

Wildly different answers emerged when the same scenario was plugged into dozens of super funds’ retirement calculators. Now a consumer group is demanding higher standards.

  • Hannah Wootton
There’s nearly $4 trillion in Australia’s superannuation funds, but we need to get better at working out how to spend it.

How to fix the dearth of retirement options

It is clear that Australians need better retirement-income products. Annuities make some sense, yet their uptake is low. But change looks to be on the horizon.

  • Anthony Macdonald
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August

A transition to retirement pension can help ease you into post-work life.

How to work less, help the kids and do the job you always wanted

A transition to retirement pension offers opportunities to revamp your lifestyle, pay down debt or gift a home deposit. Here’s how to take advantage.

  • Duncan Hughes
David and Jenine Fleming.

The tools showing retirees they have more to spend than they thought

Retirement income modelling is advancing rapidly, giving people an unprecedented ability to plan their own financial futures.

  • Joanna Mather
Ian Patrick managed a $10 billion switch into risky exposures.

This $300b super fund is making a monster move to stocks

Australian Retirement Trust has decided that a big chunk of its members will do a lot better with their pension nest egg invested in riskier assets.

  • Jonathan Shapiro

July

Joe Biden and Kamala Harris.

Biden should go one step further and resign as president now

Letters from readers on the US election; Michael Stutchbury stepping down; climate analysis; pension reform; and protecting healthcare from cyber threats.

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Actuaries call to include family homes above $2.1m in pension test

The Actuaries Institute suggests it’s time to slay the sacred cow that is the family home.

  • Michelle Bowes
Tens of millions of dollars of clients’ funds at Brite are unaccounted for.

Expats’ retirement savings at risk in maze of pension transfers

Pension transfer company Brite Advisors is suspected by Australian and US officials of mishandling clients’ funds.

  • Amy Bainbridge and Ainsley Thomson
A question of super.

A holiday home in my name means my husband gets no age pension

Doing her parents a favour years ago has created a retirement income headache.

  • John Wasiliev
The cost of the deeming rate freeze are not detailed in the federal budget papers.

Deeming rate freeze costing up to $1.8 billion a year

If the freeze is maintained over the forward estimates, the overall unrealised savings could be more than $7bn, according to government figures, though this is not reflected in the budget. 

  • Ronald Mizen

June

My $1.25m super fund can’t pay me enough income

An 84-year-old is facing liquidity problems with minimum annual pension payments – but there are solutions.

  • John Wasiliev

May

AFR

What to do if you are asset rich but cash poor

Four strategies to help your assets and savings work harder as the cost of living grows.

  • Updated
  • Duncan Hughes
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Australian Retirement Trust’s head of retirement Kathy Vincent and head of advice Anne Fuchs are overseeing significant staffing and technological changes as they prepare for new laws to take force.

Super funds spend big ahead of advice reforms

As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.

  • Hannah Wootton

The winners and losers in the federal budget

Green business, public servants, renters and taxpayers are budget winners while consultants, the Reserve Bank and tax cheats do poorly.

  • Nick Bonyhady, Maxim Shanahan and Campbell Kwan
The potential tax hit is alarming wealthy super savers and forcing some to rethink their strategies.

How the $3m super tax whack might hit property investors

Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.

  • Duncan Hughes
Minister for Social Services Amanda Rishworth.

Deeming cliff looms for 850k aged pensioners, welfare recipients

With inflation running high and cost-of-living pressures continuing to plague households, the government is being pressured to extend the freeze, or at least phase in, a higher deeming rate in the budget.

  • Ronald Mizen

March

The Menarock Life Essendon aged care facility in Essendon.

Founder-owned Menarock Life Aged Care hunts for strategic partner

Menarock is about half the size of Eccles family’s $40 million-a-year BlueCross Aged Care, recently sold to residential aged care operator Opal HealthCare.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Original URL: https://www.afr.com/topic/pension-60f