Retirement Incomes

The Politics of Superannuation

Stephen Huppert, Head of Product Innovation at Trustee Partners, reflects on government reforms and rhetoric surrounding Australia’s c.$2.3 trillion retirement savings sector.

Homesafe Wealth Release for retirees - an interview with Peter Szabo

At the May 2016 Financial Services Forum, there were sessions on the use of housing wealth to fund retirement and also on the interesting achievements of some “actuary entrepreneurs”. This article combines those two topics in an interview with Peter Szabo, an actuary who is the founder and managing director of Homesafe Solutions, a company providing a debt-free home equity release product to senior Australians.

Budget injects fairness into retirement incomes system

The Actuaries Institute welcomed the 2016-17 Federal Budget this week, citing policy changes designed to inject more equity and fairness into the retirement incomes system.

Deciding the objectives of the super system

On 29 February, around 40 members gathered at the Actuaries Institute for a Research Colloquia to discuss the objectives of the superannuation system. This is particularly timely given the release by the Government on 9 March of a discussion paper and consultation process on the “Objective of Superannuation”. Here, Andrew Boal summarises those discussions and some principles that emerged.

Unlocking wealth in the family home

Australian baby boomers are considered one of the richest cohorts in history, but they may not know it because most of their wealth is tied up in their family home. John McLenaghan reports on a push to unlock access to home equity to help fund retiree lifestyles.

International longevity study spotlights FSI Response

A new international study of longevity risk reinforces the need for essential reforms to safeguard the retirement income system for current and future Australians.

Income for (longer) life - Knox takes a bow

[VIDEO]: David Knox gives his view on this week's Government response to the Financial System Inquiry and outlines the industry-first retirement product that won him the inaugural BTIM Retirement Innovation Award.

Reining in age pension spending

Should the Age Pension be a "safety net" for a minority or a means-tested right for the majority? Actuary Geoff Dunsford gives his view.

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Murray highlights value of actuaries’ rigour

David Murray gave a sound nod to the rigour and value of actuarial work as he launched the Institute's Retirement Incomes White Paper 'For Richer, For Poorer' in Sydney on Wednesday 2 September.

Talking bout’ her generation

[VIDEO]: Stephanie Thomson showcased the unique power of actuarial skills to reveal a picture of intergenerational inequity, at a United Nations Forum last month.

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Why future generations depend on us rethinking the old age pension

Seniors must be prepared to tighten their belts if Australia’s tax and transfer system is to remain sustainable over the next 50 years, writes Stephanie Thomson.

Court Rules on Qantas Payroll Tax Appeal

The NSW Supreme Court recently ruled on an appeal by Qantas over a partial exemption of defined benefit superannuation contributions from NSW payroll tax. Paul Shallue reports on the court findings and what they could mean for employers.

Actuaries weigh in on Govt Tax Paper

As debate rages over how best to re-design Australia’s taxation system, actuaries are putting forward strong recommendations on superannuation tax reform and retirement incomes policy.

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Actuary speaks on depression, FSI and a Super Industry "Cold War"

VIDEO: Finity Consulting Principal Geoff Atkins on his experience with depression, contributing to the Murray Inquiry (FSI) and a Super Industry "Cold War".

Standing on the precipice

Following the recent Financial System Inquiry, Australia appears about to embark on a period of innovation in the retirement income sector. Georgina Hemmings draws insights from the UK annuities market to discuss ways to use mortality and interest rate assumptions to achieve a better outcome for retirees.

Budget 2015 does little to quell age pension uncertainty

Hopes that the Federal Budget would present a comprehensive package to stabilise Australia’s pension system were not met. Michael Rice was in Canberra on Budget night, and filed this report.

Hot from the Budget lockup

After attending the Budget lock-up, actuaries Elayne Grace and Michael Rice provide an in-depth look at the 2015-16 Federal Budget and the issues of most interest to actuaries.

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Family home could help cut pension bill in half

A new report urges Government to unlock the billions of dollars in pensioner housing assets to reduce the cost of the pension and boost aged living standards.

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