A higher pension age is a universal policy fix for the pension crisis, says David Knox, author of the Melbourne Mercer Global Pension Index.
Amanda WhiteOctober 25, 2017
Providers of post-retirement products are seeing soaring growth in assets under management as the number of baby boomers entering retirement grows. Challenger saw a 38 per cent growth in fixed term and lifetime annuities for the six months to the end of December 2013. Colonial First State, the leading provider of allocated pensions, has seen […]
David RowleyFebruary 24, 2014
Last year AMP Capital’s managing director Stephen Dunne had a headache, albeit a pleasant one. From December 2010 Japan’s biggest publicly traded bank, Mitsubishi UFJ Financial Group, had made it clear to Dunne that if the two companies were going to have a relationship, the Tokyo-based company had to have a stake in AMP. But […]
I & T NewsMarch 12, 2012
Australia has had the highest-rate of growth in pension fund assets among so-called developed countries, says Towers Watson. In the last 10 years superannuation assets have increased 17 per cent per annum in Australia, says the consultants. The country is the world’s fifth-biggest pension fund market with US$1.3 trillion in assets. The size of Australia’s […]
I & T NewsJanuary 30, 2012
Australia’s superannuation ‘gap’ should be plugged by removing the 15 per cent contributions tax for lower-paid workers, removing the $450 threshold (minimum monthly wage before the superannuation guarantee is applicable) and introducing paid maternity leave with a super component, the AIST Global Dialogue conference was told.
Staff WriterJuly 1, 2008