Topic | Superannuation | The Age

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Superannuation

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Soaring number of older home owners take out government-backed reverse mortgages

Soaring number of older home owners take out government-backed reverse mortgages

The number of older Australians who have signed up to Centrelink’s Home Equity Access Scheme has increased eightfold since the program was expanded three years ago.

  • by Caitlin Fitzsimmons

Latest

‘Absolutely disgusting’: AustralianSuper CEO says caregiving gender imbalance must change

‘Absolutely disgusting’: AustralianSuper CEO says caregiving gender imbalance must change

AustralianSuper chief executive Paul Schroder told superannuation industry leaders on Tuesday that unpaid caregivers need to be compensated, as he backed a number of reforms designed to close the gender super gap.

  • by Simone Fox Koob
‘Better than any lottery ticket’: Bid to head off massive super bill for bureaucrats’ rent-free homes

‘Better than any lottery ticket’: Bid to head off massive super bill for bureaucrats’ rent-free homes

The government will urgently introduce legislation that would thwart a bid by three bureaucrats to include the value of their rent-free accommodation in their super calculation.

  • by Katina Curtis
How much do you need to retire? Hint: probably less than you think
Opinion
Opinion

How much do you need to retire? Hint: probably less than you think

Enough of this scaremongering from the super industry that you need about a squillion dollars (paraphrasing) to avoid eating baked beans every day in retirement. Here are some real numbers to consider.

  • by Jessica Irvine
‘Come back when you’re grey’: Young people warned against super switching

‘Come back when you’re grey’: Young people warned against super switching

A recent survey conducted for lobby group Industry Super Australia found that a third of industry fund members are considering switching in response to the latest global market swings, with those aged between 18 and 34 the most likely to move.

  • by Simone Fox Koob
Australia’s biggest investors ramp up bonds in bet on RBA policy

Australia’s biggest investors ramp up bonds in bet on RBA policy

Some of the nation’s biggest investors are piling into bonds, betting on RBA chief Philip Lowe’s assessment that a series of robust interest-rate hikes will help get inflation under control next year.

  • by Garfield Reynolds
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‘Outrageous hangover from a bygone era’: Judge pensions costing taxpayers millions

‘Outrageous hangover from a bygone era’: Judge pensions costing taxpayers millions

The budget could save millions if a pension scheme that sees judges retire on 60 per cent of their salary is scrapped, Liberal senator Andrew Bragg says.

  • by Rachel Clun
‘Investing with our ears pinned back’: Hostplus posts positive return despite shaky markets

‘Investing with our ears pinned back’: Hostplus posts positive return despite shaky markets

Despite expectations most super fund returns will dip into the red this year, Hostplus delivered a 1.57 per cent return for members of its balanced option.

  • by Simone Fox Koob
The cold, hard (and sometimes offensive) truth about the boom in CEO pay

The cold, hard (and sometimes offensive) truth about the boom in CEO pay

Some readers may be outraged by it, but there’s a simple reason why executive pay exploded last year.

  • by Elizabeth Knight
Turbulent markets crush super fund balances
Analysis
Investing

Turbulent markets crush super fund balances

Superannuation fund balances have declined an average 4.4 per cent in the past 12 months due to a slump in global markets.

  • by Dominic Powell
Is tapping super to pay down a mortgage a feasible option?

Is tapping super to pay down a mortgage a feasible option?

Over the long haul, the returns from a super fund should exceed the interest rate on a mortgage.

  • by Noel Whittaker