Finance

Submission to the Victorian State Budget 2017-2018

National Seniors submission to the Victorian State Budget 2017-18 outlines a number of key recommendations for consideration as part of the Budget development process. Recommendations cover areas related to concessions, housing, health, transport, elder abuse and more.

Submission to the Queensland State Budget 2017-18

National Seniors submission to the Queensland State Budget 2017-18 outlines a number of key recommendations for consideration as part of the Budget development process. Recommendations cover areas related to concessions, housing, health, transport, elder abuse and more.

Submission to the South Australian State Budget 2017-18

National Seniors submission to the State Budget 2017-18 outlines a number of key recommendations for consideration as part of the Budget development process. Recommendations cover areas related to concessions, housing, health, transport, elder abuse and more.

 

Many employers pocket super benefits, study shows

A new study has found that many employers are effectively pocketing some or all of the benefits of employees who salary sacrifice super contributions from lower incomes.

The analysis, undertaken by Industry Super Australia and Construction and Building Unions Superannuation (Cbus), showed an estimated 2.4 million Australians are not being paid their legal super entitlements.

Raising standards for financial advisers will help rebuild trust, say seniors

Seniors have welcomed the introduction into parliament of legislation lifting professional standards for financial advisers.

National Seniors Chief Executive Dagmar Parsons said that raising the mandatory professional and educational standards of financial advisers was long overdue.

“Access to quality financial advice is vital for older Australians seeking to manage their lifetime savings, especially for those nearing or in retirement who have limited opportunity to recover from losses,” Ms Parsons said.

Scammers active in spring racing

Australian gamblers are being alerted about confidence tricksters on the hunt for more victims during the Spring Racing Season.

The Australian Competition and Consumer Commission (ACCC) said that Australians have lost over $1 million to con artists pushing sports investment scams so far in 2016.

Betting and sports investment scams convince victims to invest in ‘foolproof’ systems or software that can 'guarantee' a profit on sporting events. These scams are often promoted as a legitimate investment.

Plan now for pension assets test changes

National Seniors is urging its members to check if they will be impacted by the Age Pension assets test which comes into force from 1 January 2017.

Media reports this week have said that affected pensioners will not be officially notified until Centrelink sends them a letter shortly before Christmas.

National Seniors Chief Executive Dagmar Parsons said some older people are very anxious and need help to understand how the changes will affect them, so they can consider their options.

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