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National Seniors appoints Ian Henschke as new chief advocate

National Seniors Australia has appointed former ABC Radio and TV journalist and presenter Ian Henschke as its Chief Advocate. He also served as an ABC Board Director.

National Seniors’ Chief Executive Officer Dagmar Parsons said the role of Chief Advocate will build upon the successes of the past and transform engagement with the over 50s.

Dementia figures reveal multi-billion dollar cost

The number of people living with Alzheimer’s in Australia is expected to double over the next 40 years to more than one million at a cost to the taxpayer of $36 billion a year.

A report, commissioned by Alzheimer’s Australia, called The Economic Cost of Dementia in Australia 2016-2056, revealed that there were an estimated 417,000 people with Alzheimer’s currently.

Almost 139,000 were in NSW – at an estimated cost to the community of more than $14 billion this year alone.

Melbourne has more holiday appeal

New research shows more people want to holiday in Melbourne, lured by sporting events, art exhibitions, shopping, dining and nightlife to the Victorian capital.

The Roy Morgan Research Holiday Tracking Survey, out this week, showed that in 2016, Melbourne was the most desirable capital city by far, with just over 4.2 million people saying it was on their holiday wish-list.

This was an increase of 33 per cent over the last decade.

Tiredness is partly genetic, researchers say

If you often feel tired, your genes may partly be to blame, researchers at Scotland’s Edinburgh University say.

Saski Hagenaars at the University’s Centre for Cognitive Ageing and Cognitive Epidemiology and Dr Vincent Deary of Northumbria University surveyed nearly 112,000 people, asking them whether or not they frequently felt tired or had low energy levels.

One in two households set for comfortable retirement, report shows

Only one in two Australian households are expected to have enough money for a comfortable retirement, a new report shows.

The latest CommBank Retire Ready Index released this week shows that 53 per cent of households would have enough combined super, personal assets and the Age Pension.

But when the Age Pension was removed, the number of households able to afford a comfortable retirement dropped to 17 per cent, and to a meagre six per cent when based on superannuation only.

Higher standards for financial advisers

Financial advisers will have to meet higher educational, ethical and qualification standards after legislation passed in federal parliament this week.

Minister for Revenue and Financial Services, Kelly O’Dwyer, said the new standards, which  come into force on 1 January 2019, mean that all new financial advisers must hold a relevant degree, pass an approved exam, undertake a professional year, commit to ongoing professional development and comply with a Code of Ethics.

Older people lacking vision aids

Around 100,000 older Australians with vision problems were going without aids to their sight, largely because they could not afford them, a new report has revealed.

Macular Disease Foundation Australia said its report, Low Vision, quality of life and independence: A review of the evidence on aids and technologies showed that vision aids and technologies could help those with vision problems become more engaged with the world.

Australians suffering from lack of sleep

A new report says the lack of sleep suffered by many Australians is as problematic as obesity and smoking.

The new research by the Sleep Health Foundation showed that one third of people surveyed were making mistakes at work because they were tired, while 30 per cent admitted to falling asleep at the wheel.

The research, published in the foundation’s international Sleep Health Journal this week showed that between 33 and 45 per cent of adults sleep poorly or not long enough most nights, leaving them fatigued and irritable.

Aged care homes urged to get happier

Australia’s aged care homes will face a Baby Boomer backlash unless they become happier places to live, a researcher has warned.

Associate Professor Evonne Miller of Queensland University of Technology (QUT) said that up to half the number of people in aged care suffered depression and the coming surge in residents born after 1945 was likely to make homes even less happy.

People now aged between 53 and 71 were much more demanding than seniors born before World War II and posed a major challenge for aged care providers.

Breakfast seminars discuss retirement finances

If you are newly retired, transitioning to retirement or about to give up paid work, National Seniors’ breakfast seminars may help sharpen your financial focus in 2017.

The seminars will be presented by National Seniors Financial Information Desk.

Topics covered include understanding your own situation and the resources you can use, opportunities for fully self-funded retirees, Government Income Support (GIS) and the potential use and types of Equity Release Products.

A question and answer session will follow each presentation.

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