Investors are encouraged to make bad financial decisions from the way that saving products are marketed. New research shows that fixing this is a can of ugly worms.
The Penny Bank by George Harvey (1806-1876).
Fleming-Wyfold Art Foundation
In a system where the age pension is designed to be needs-based, a strong asset test seems like an appropriate tax on the practice of bequeathing assets like superannuation to the next generation.
The icons of state funding could submerge the rest.
Simon & His Camera
The government and the Greens have struck a deal to pass tougher eligibility arrangements for the pension.
By targeting pensioners with savings with its latest budget measures, the government is incentivising them to spend, and spend big.
Travel Cruise Fit/AAP
Hal Kendig, Australian National University and Andrew Podger, Australian National University
The government has dropped plans to index age pensions to CPI and opted instead to tighten income and assets test. These are welcome changes but more needs to be done.
As expected, part-pensioners will be most affected by budget changes.
AAP Image/Melanie Foster
Part-pensioner couples who own their own home and assets worth more than about A$800,000 are expected to lose their part-pension altogether, under proposals in the federal budget.
Social Services Minister Scott Morrison confirmed that the government has abandoned its 2014 budget plan to cut back the indexation of pensions.
AAP/Lukas Coch
Playing the slogan game might degrade the political debate, but it worked alright for Tony Abbott – so now Bill Shorten’s launched into it ahead of the May budget. Labor has unveiled its “Mr Abbott. Don’t…
The UK government has launched its new Pension Wise service. The website is designed to help people understand their new pension freedoms that start from April this year. But it has a gaping hole at its…
A closer analysis of ‘generation war’ debates reveals that inequalities within generations remain far more significant than those between them.
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The political debate over generational equity, which has been rekindled in the past week, now dominates discussions over wealth, government spending and fiscal sustainability. But a closer look at some…
Australia’s children and grandchildren will not enjoy the fruits of the country’s prosperity as much as their parents.
Mate Marschalko/Flickr
Having enjoyed continuously increasing prosperity since the Second World War, Australians have come to expect that each generation will live a better life than the last. But this steady progress may be…
It is a cold but sunny morning at a white brick office building in the shadow of London’s Shard skyscraper. For the people attending a training event here it is the first step on the road to financial…