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Remember when the only conversation at barbecues and the pub was sport or politics? That time is long gone and it’s not unusual for the conversation to now extend to matters financial – including the performance of shares and super funds.
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For the first time since the 1990s, nearly 15,000 retired South Australian public servants will see their indexed pensions frozen until consumer prices bounce back – but the state Treasurer has intervened to ensure they don’t lose money.
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As we hear more and more reports of people in their 20s and 30s taking advantage of the special eligibility criteria to withdraw from their superannuation, concern is mounting about the long-term implications on their financial health.
South Australian public servants would be free to choose where their superannuation goes, like other Australians, under a bill being drafted by the State Government.
Thousands of Australians are sleepwalking into a scenario where they will no longer have life insurance, income protection and total permanent disability insurance, warns legal commentator Morry Bailes.
Older women are increasingly facing financial hardship for structural reasons that are being ignored by policy-makers, writes Tania Tonkin.
