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Review of retirement income stream regulation
Review of retirement income stream regulation

... does little to diminish the future pension burden faced by a shrinking workforce and aging population. The Institute supports choice in superannuation decision making, but also believes there needs to be suitable incentives which encourage retirees to invest in pension and annuity products. Annuitie ...
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... The statements expressed herein are informed opinion, speak only to the stated period, and are subject to change at any time based on market or other conditions. This publication is intended merely to highlight issues and not to be comprehensive or to provide advice. For further information or advic ...
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... Up to $10,000 monthly (Agreed Value or Agreed Value plus Indemnity). Monthly Benefit Provides a monthly benefit for up to two years. The monthly benefit can be used to hire a suitably qualified person to run the farm, or to cover overhead expenses. Loss of Revenue Protection Protects farmers from po ...
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... undertaken (e.g. copy of any significant event notice(s) issued), or proposed, by the trustee to directly affected members and members of the fund as a whole ...
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... Australia’s retirement income arrangements are well regarded internationally but, as is well known, are somewhat unusual. In most developed countries the common arrangement is for Social Security taxes to be levied on workers and employers which are used to pay unfunded (or largely unfunded) pension ...
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Fireside Chat - Investment Management Institute

... • Acting solely in the interest of plan participants and their beneficiaries and with the exclusive purpose of providing benefits to them; • Carrying out their duties prudently; • Following the plan documents (unless inconsistent with ERISA); • Diversifying plan investments; and • Paying only reason ...
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... This overall rating is completely distinct from the well-known star rating for mutual funds issued by Morningstar, Inc. *IMPORTANT: Morningstar Retirement Manager's projections and other information, including the Retirement Income Outlook, are hypothetical in nature, do not reflect actual results ( ...
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Pension

A pension is a fixed sum to be paid regularly to a person, typically following retirement from service. There are many different types of pensions, including defined benefit plans, defined contribution plans, as well as several others. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement plan and superannuation tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super) in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity.A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles (certain lottery payouts, for example, or an annuity) may provide a similar stream of payments.The common use of the term pension is to describe the payments a person receives upon retirement, usually under pre-determined legal or contractual terms. A recipient of a retirement pension is known as a pensioner or retiree.
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