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State Street Global Advisors (SSGA) has released its midyear update of the Global Market Outlook, highlighting the resilience of risk assets despite increased uncertainty, stickier-than-expected inflation, and a deepening Middle East conflict.
Although rate cut expectations have been trimmed amid persistent inflation, SSGA maintains its soft landing forecast for the economy. The report notes that bond markets, regarded as the likeliest winner for 2024, have struggled as inflation lingered, spawning "higher for longer" concerns.
In terms of the macroeconomic outlook, SSGA believes disinflation will continue in the US, and economic activity will be weaker this year relative to last year. The firm anticipates the Fed will be in a position to lower interest rates as early as this summer, with a soft landing still being the base case scenario.
The report points to broadening signs of momentum loss in consumer discretionary spending, expanding signs of erosion in labour demand, and widening signs that the big fiscal impulse to growth is beginning to fade. SSGA sees moderation in demand facilitating moderation in inflation, both in labour and goods/services markets, allowing for rate cuts that preserve and nurture the soft landing. Outside of the US, the firm expects the European Central Bank (ECB) to deliver a first cut in June.
On the geopolitical front, SSGA notes that 2024 was always going to be a turbulent year, with US elections carrying their own inherent policy risks that directly affect the world's largest capital market and indirectly impact the majority of global public assets. The elections are occurring against a backdrop of deeper rifts in the global order, several armed conflicts, fiscal headwinds, and protectionism.
As a consequence, the coming months will have a higher-than-normal threat of geopolitical shocks that affect markets. The report states that the global order has frayed, and malicious actors have more room to manoeuvre in an election year than they might otherwise have.
Aside from the Middle East tensions, SSGA highlights that several other regions present the potential to reset risk perceptions, with the centrality of East Asia in the world's global supply chain meaning that any headline risk could have an outsized market impact.
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State Street Global Advisors (SSGA) has released its midyear update of the Global Market Outlook, highlighting the resilience of risk assets despite increased uncertainty, stickier-than-expected inflation, and a deepening Middle East conflict.
Although rate cut expectations have been trimmed amid persistent inflation, SSGA maintains its soft landing forecast for the economy. The report notes that bond markets, regarded as the likeliest winner for 2024, have struggled as inflation lingered, spawning "higher for longer" concerns.
In terms of the macroeconomic outlook, SSGA believes disinflation will continue in the US, and economic activity will be weaker this year relative to last year. The firm anticipates the Fed will be in a position to lower interest rates as early as this summer, with a soft landing still being the base case scenario.
The report points to broadening signs of momentum loss in consumer discretionary spending, expanding signs of erosion in labour demand, and widening signs that the big fiscal impulse to growth is beginning to fade. SSGA sees moderation in demand facilitating moderation in inflation, both in labour and goods/services markets, allowing for rate cuts that preserve and nurture the soft landing. Outside of the US, the firm expects the European Central Bank (ECB) to deliver a first cut in June.
On the geopolitical front, SSGA notes that 2024 was always going to be a turbulent year, with US elections carrying their own inherent policy risks that directly affect the world's largest capital market and indirectly impact the majority of global public assets. The elections are occurring against a backdrop of deeper rifts in the global order, several armed conflicts, fiscal headwinds, and protectionism.
As a consequence, the coming months will have a higher-than-normal threat of geopolitical shocks that affect markets. The report states that the global order has frayed, and malicious actors have more room to manoeuvre in an election year than they might otherwise have.
Aside from the Middle East tensions, SSGA highlights that several other regions present the potential to reset risk perceptions, with the centrality of East Asia in the world's global supply chain meaning that any headline risk could have an outsized market impact.
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int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(98) "State Street Global Advisors maintains soft landing forecast despite trimmed rate cut expectations" ["introtext"]=> string(2346) "State Street Global Advisors (SSGA) has released its midyear update of the Global Market Outlook, highlighting the resilience of risk assets despite increased uncertainty, stickier-than-expected inflation, and a deepening Middle East conflict.
Although rate cut expectations have been trimmed amid persistent inflation, SSGA maintains its soft landing forecast for the economy. The report notes that bond markets, regarded as the likeliest winner for 2024, have struggled as inflation lingered, spawning "higher for longer" concerns.
In terms of the macroeconomic outlook, SSGA believes disinflation will continue in the US, and economic activity will be weaker this year relative to last year. The firm anticipates the Fed will be in a position to lower interest rates as early as this summer, with a soft landing still being the base case scenario.
The report points to broadening signs of momentum loss in consumer discretionary spending, expanding signs of erosion in labour demand, and widening signs that the big fiscal impulse to growth is beginning to fade. SSGA sees moderation in demand facilitating moderation in inflation, both in labour and goods/services markets, allowing for rate cuts that preserve and nurture the soft landing. Outside of the US, the firm expects the European Central Bank (ECB) to deliver a first cut in June.
On the geopolitical front, SSGA notes that 2024 was always going to be a turbulent year, with US elections carrying their own inherent policy risks that directly affect the world's largest capital market and indirectly impact the majority of global public assets. The elections are occurring against a backdrop of deeper rifts in the global order, several armed conflicts, fiscal headwinds, and protectionism.
As a consequence, the coming months will have a higher-than-normal threat of geopolitical shocks that affect markets. The report states that the global order has frayed, and malicious actors have more room to manoeuvre in an election year than they might otherwise have.
Aside from the Middle East tensions, SSGA highlights that several other regions present the potential to reset risk perceptions, with the centrality of East Asia in the world's global supply chain meaning that any headline risk could have an outsized market impact.
" ["publish_date"]=> string(19) "2024-06-06 23:22:08" ["image"]=> string(128) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1718068867/pexels-team-evelo-413077137-15020567_m301yy.jpg" ["image_alt"]=> string(98) "State Street Global Advisors maintains soft landing forecast despite trimmed rate cut expectations" } [1]=> object(stdClass)#897 (38) { ["type_alias"]=> string(19) "com_content.article" ["content_item_id"]=> int(18600) ["core_content_id"]=> int(5181) ["match_count"]=> int(1) ["tag_date"]=> string(19) "2024-06-06 07:20:47" ["core_title"]=> string(91) "North American fund managers to focus on passporting for European fund raising, study finds" ["core_params"]=> object(Joomla\Registry\Registry)#1725 (3) { ["data":protected]=> object(stdClass)#1736 (28) { ["article_layout"]=> string(0) "" ["show_title"]=> string(0) "" ["link_titles"]=> string(0) "" ["show_tags"]=> string(0) "" ["show_intro"]=> string(0) "" ["info_block_position"]=> string(0) "" ["info_block_show_title"]=> string(0) "" ["show_category"]=> string(0) "" ["link_category"]=> string(0) "" ["show_parent_category"]=> string(0) "" ["link_parent_category"]=> string(0) "" ["show_author"]=> string(0) "" ["link_author"]=> string(0) "" ["show_create_date"]=> string(0) "" ["show_modify_date"]=> string(0) "" ["show_publish_date"]=> string(0) "" ["show_item_navigation"]=> string(0) "" ["show_hits"]=> string(0) "" ["show_noauth"]=> string(0) "" ["urls_position"]=> string(0) "" ["alternative_readmore"]=> string(0) "" ["article_page_title"]=> string(0) "" ["show_publishing_options"]=> string(0) "" ["show_article_options"]=> string(0) "" ["show_urls_images_backend"]=> string(0) "" ["show_urls_images_frontend"]=> string(0) "" ["comments"]=> string(1) "1" ["readingDiff"]=> string(1) "3" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["core_alias"]=> string(90) "north-american-fund-managers-to-focus-on-passporting-for-european-fund-raising-study-finds" ["core_body"]=> string(2858) "North American fund managers plan to create European funds and use passporting to raise funds in Europe, ahead of reverse solicitation and National Private Placement Regimes (NPPR), according to a new study by Ocorian, a global leader in fund administration, capital markets, corporate and fiduciary services.
The research, which surveyed private equity, private debt, real estate, venture capital and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion in assets under management, found that 41% selected passporting as their preferred method for fund raising in Europe going forward, compared to 25% for both NPPR and reverse solicitation.
Over the next 18 months, 61% of respondents said they will use placement agents to raise capital in Europe, with nearly half (49%) also using direct sales teams and 47% relying on third party distributors. Around 28% will use private banks.
The study found that 63% have used reverse solicitation in the past to raise funds in Europe, while 40% have looked to passporting and 36% to NPPR, with one in eight (12%) using all three methods.
When asked about the attractiveness of passporting, 56% of respondents chose market perception and the ability to reach more investors in more countries among their top three reasons, while 44% ranked efficiency as a key attribute.
For NPPR, 70% cited cost effectiveness and 64% flexibility as being among the top two reasons for using it, while 69% said the amount of capital they have raised from European investors through reverse solicitation has increased in the past two years.
The research also found that 82% of North American fund managers are likely to increase pre-marketing activity in Europe over the next two years, with 73% saying it is more attractive to pre-market in Europe due to the lower initial investment before fully setting up.
However, the study found varying levels of understanding of pre-marketing changes made in Europe in June 2021, which included specific changes to the cross-border distribution of collective investment funds under AIFMD and UCITS Directives in the EU. Just 38% said they understood the changes very well, while 58% said they understood them quite well.
Paul Spendiff, Head of Business Development - Fund Services at Ocorian, said: "There is a strong appetite among North American fund managers to raise capital in Europe and a growing debate about the best methods for doing so."
He added that Ocorian has supported a number of managers looking to test the European appetite for their strategy and proposed product via pre-marketing, which he described as a cost-effective way of deciding whether to launch an EU authorised AIF and use its passport to undertake distribution activities across the region.
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North American fund managers plan to create European funds and use passporting to raise funds in Europe, ahead of reverse solicitation and National Private Placement Regimes (NPPR), according to a new study by Ocorian, a global leader in fund administration, capital markets, corporate and fiduciary services.
The research, which surveyed private equity, private debt, real estate, venture capital and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion in assets under management, found that 41% selected passporting as their preferred method for fund raising in Europe going forward, compared to 25% for both NPPR and reverse solicitation.
Over the next 18 months, 61% of respondents said they will use placement agents to raise capital in Europe, with nearly half (49%) also using direct sales teams and 47% relying on third party distributors. Around 28% will use private banks.
The study found that 63% have used reverse solicitation in the past to raise funds in Europe, while 40% have looked to passporting and 36% to NPPR, with one in eight (12%) using all three methods.
When asked about the attractiveness of passporting, 56% of respondents chose market perception and the ability to reach more investors in more countries among their top three reasons, while 44% ranked efficiency as a key attribute.
For NPPR, 70% cited cost effectiveness and 64% flexibility as being among the top two reasons for using it, while 69% said the amount of capital they have raised from European investors through reverse solicitation has increased in the past two years.
The research also found that 82% of North American fund managers are likely to increase pre-marketing activity in Europe over the next two years, with 73% saying it is more attractive to pre-market in Europe due to the lower initial investment before fully setting up.
However, the study found varying levels of understanding of pre-marketing changes made in Europe in June 2021, which included specific changes to the cross-border distribution of collective investment funds under AIFMD and UCITS Directives in the EU. Just 38% said they understood the changes very well, while 58% said they understood them quite well.
Paul Spendiff, Head of Business Development - Fund Services at Ocorian, said: "There is a strong appetite among North American fund managers to raise capital in Europe and a growing debate about the best methods for doing so."
He added that Ocorian has supported a number of managers looking to test the European appetite for their strategy and proposed product via pre-marketing, which he described as a cost-effective way of deciding whether to launch an EU authorised AIF and use its passport to undertake distribution activities across the region.
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int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(91) "North American fund managers to focus on passporting for European fund raising, study finds" ["introtext"]=> string(2858) "North American fund managers plan to create European funds and use passporting to raise funds in Europe, ahead of reverse solicitation and National Private Placement Regimes (NPPR), according to a new study by Ocorian, a global leader in fund administration, capital markets, corporate and fiduciary services.
The research, which surveyed private equity, private debt, real estate, venture capital and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion in assets under management, found that 41% selected passporting as their preferred method for fund raising in Europe going forward, compared to 25% for both NPPR and reverse solicitation.
Over the next 18 months, 61% of respondents said they will use placement agents to raise capital in Europe, with nearly half (49%) also using direct sales teams and 47% relying on third party distributors. Around 28% will use private banks.
The study found that 63% have used reverse solicitation in the past to raise funds in Europe, while 40% have looked to passporting and 36% to NPPR, with one in eight (12%) using all three methods.
When asked about the attractiveness of passporting, 56% of respondents chose market perception and the ability to reach more investors in more countries among their top three reasons, while 44% ranked efficiency as a key attribute.
For NPPR, 70% cited cost effectiveness and 64% flexibility as being among the top two reasons for using it, while 69% said the amount of capital they have raised from European investors through reverse solicitation has increased in the past two years.
The research also found that 82% of North American fund managers are likely to increase pre-marketing activity in Europe over the next two years, with 73% saying it is more attractive to pre-market in Europe due to the lower initial investment before fully setting up.
However, the study found varying levels of understanding of pre-marketing changes made in Europe in June 2021, which included specific changes to the cross-border distribution of collective investment funds under AIFMD and UCITS Directives in the EU. Just 38% said they understood the changes very well, while 58% said they understood them quite well.
Paul Spendiff, Head of Business Development - Fund Services at Ocorian, said: "There is a strong appetite among North American fund managers to raise capital in Europe and a growing debate about the best methods for doing so."
He added that Ocorian has supported a number of managers looking to test the European appetite for their strategy and proposed product via pre-marketing, which he described as a cost-effective way of deciding whether to launch an EU authorised AIF and use its passport to undertake distribution activities across the region.
" ["publish_date"]=> string(19) "2024-06-06 07:20:46" ["image"]=> string(113) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1717657756/pexels-pixabay-259234_awzrxk.jpg" ["image_alt"]=> string(91) "North American fund managers to focus on passporting for European fund raising, study finds" } [2]=> object(stdClass)#896 (38) { ["type_alias"]=> string(19) "com_content.article" ["content_item_id"]=> int(18596) ["core_content_id"]=> int(5178) ["match_count"]=> int(1) ["tag_date"]=> string(19) "2024-06-03 03:37:02" ["core_title"]=> string(98) "Retirees face dilemma in supporting children amid housing affordability crisis, AMP research finds" ["core_params"]=> object(Joomla\Registry\Registry)#1737 (3) { ["data":protected]=> object(stdClass)#1748 (28) { ["article_layout"]=> string(0) "" ["show_title"]=> string(0) "" ["link_titles"]=> string(0) "" ["show_tags"]=> string(0) "" ["show_intro"]=> string(0) "" ["info_block_position"]=> string(0) "" ["info_block_show_title"]=> string(0) "" ["show_category"]=> string(0) "" ["link_category"]=> string(0) "" ["show_parent_category"]=> string(0) "" ["link_parent_category"]=> string(0) "" ["show_author"]=> string(0) "" ["link_author"]=> string(0) "" ["show_create_date"]=> string(0) "" ["show_modify_date"]=> string(0) "" ["show_publish_date"]=> string(0) "" ["show_item_navigation"]=> string(0) "" ["show_hits"]=> string(0) "" ["show_noauth"]=> string(0) "" ["urls_position"]=> string(0) "" ["alternative_readmore"]=> string(0) "" ["article_page_title"]=> string(0) "" ["show_publishing_options"]=> string(0) "" ["show_article_options"]=> string(0) "" ["show_urls_images_backend"]=> string(0) "" ["show_urls_images_frontend"]=> string(0) "" ["comments"]=> string(1) "1" ["readingDiff"]=> string(1) "3" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["core_alias"]=> string(97) "retirees-face-dilemma-in-supporting-children-amid-housing-affordability-crisis-amp-research-finds" ["core_body"]=> string(2955) "New research from AMP has revealed that four in five Australians aged 65 and over believe their children face similar or harder financial challenges than they did growing up, largely due to rising housing unaffordability and rents. Despite wanting to support their children, 70% of those aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance.
The research highlights the conflicting priorities impacting the transfer of wealth and financial support from older Australians to their children and grandchildren, with those over 60 set to transfer an estimated $3.5 trillion over the next two decades. However, Productivity Commission data shows that 90% of all intergenerational wealth transfer occurs through death inheritance, typically when children are aged 50.
The most recent national Census also underscores the new financial paradigm facing younger Australians, with 25–39 year-old Baby Boomers in 1991 three times more likely than 25–39 year-old Millennials in 2021 to own their home outright.
Key findings from AMP's research include:
- 75% of Australians aged 65+ believe it is important to pass wealth onto their children
- 80% of Australians aged 65+ believe their children face harder or similar financial challenges now compared with them at the same age
- 70% aged 65+ are unlikely to adjust their lifestyles in order to pass wealth onto their children
- 80% aged 65+ are not prepared to downsize to release funds to their children, but close to half of those aged 50+ would consider passing home equity value to their children if they could stay in the family home
Ben Hillier, AMP Director of Retirement, said, "As housing unaffordability and cost-of-living pressures rise, Australia's burgeoning retiree population faces a growing dilemma – how do they help their kids financially, while also fully enjoying their retirement years."
Hillier emphasized the need for retirees to have greater comfort with their own finances, noting that far too many are unnecessarily fearful their savings won't last their lifetime. He suggested that providing retirees with financial confidence can be achieved through increasing financial literacy and knowledge, as well as using solutions that provide greater assurance on lifetime income.
Given retirees' strong attachment to the family home, Hillier also highlighted the need for the industry to explore new ways to help retirees unlock capital from their home without the need to downsize or compromise their long-term wellbeing.
Australians can build their financial confidence in retirement by taking advantage of intra-fund advice services offered free of charge by most super funds. AMP, for example, has dedicated retirement experts who provide free consultations to its superannuation members on planning for retirement.
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New research from AMP has revealed that four in five Australians aged 65 and over believe their children face similar or harder financial challenges than they did growing up, largely due to rising housing unaffordability and rents. Despite wanting to support their children, 70% of those aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance.
The research highlights the conflicting priorities impacting the transfer of wealth and financial support from older Australians to their children and grandchildren, with those over 60 set to transfer an estimated $3.5 trillion over the next two decades. However, Productivity Commission data shows that 90% of all intergenerational wealth transfer occurs through death inheritance, typically when children are aged 50.
The most recent national Census also underscores the new financial paradigm facing younger Australians, with 25–39 year-old Baby Boomers in 1991 three times more likely than 25–39 year-old Millennials in 2021 to own their home outright.
Key findings from AMP's research include:
- 75% of Australians aged 65+ believe it is important to pass wealth onto their children
- 80% of Australians aged 65+ believe their children face harder or similar financial challenges now compared with them at the same age
- 70% aged 65+ are unlikely to adjust their lifestyles in order to pass wealth onto their children
- 80% aged 65+ are not prepared to downsize to release funds to their children, but close to half of those aged 50+ would consider passing home equity value to their children if they could stay in the family home
Ben Hillier, AMP Director of Retirement, said, "As housing unaffordability and cost-of-living pressures rise, Australia's burgeoning retiree population faces a growing dilemma – how do they help their kids financially, while also fully enjoying their retirement years."
Hillier emphasized the need for retirees to have greater comfort with their own finances, noting that far too many are unnecessarily fearful their savings won't last their lifetime. He suggested that providing retirees with financial confidence can be achieved through increasing financial literacy and knowledge, as well as using solutions that provide greater assurance on lifetime income.
Given retirees' strong attachment to the family home, Hillier also highlighted the need for the industry to explore new ways to help retirees unlock capital from their home without the need to downsize or compromise their long-term wellbeing.
Australians can build their financial confidence in retirement by taking advantage of intra-fund advice services offered free of charge by most super funds. AMP, for example, has dedicated retirement experts who provide free consultations to its superannuation members on planning for retirement.
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int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(98) "Retirees face dilemma in supporting children amid housing affordability crisis, AMP research finds" ["introtext"]=> string(2955) "New research from AMP has revealed that four in five Australians aged 65 and over believe their children face similar or harder financial challenges than they did growing up, largely due to rising housing unaffordability and rents. Despite wanting to support their children, 70% of those aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance.
The research highlights the conflicting priorities impacting the transfer of wealth and financial support from older Australians to their children and grandchildren, with those over 60 set to transfer an estimated $3.5 trillion over the next two decades. However, Productivity Commission data shows that 90% of all intergenerational wealth transfer occurs through death inheritance, typically when children are aged 50.
The most recent national Census also underscores the new financial paradigm facing younger Australians, with 25–39 year-old Baby Boomers in 1991 three times more likely than 25–39 year-old Millennials in 2021 to own their home outright.
Key findings from AMP's research include:
- 75% of Australians aged 65+ believe it is important to pass wealth onto their children
- 80% of Australians aged 65+ believe their children face harder or similar financial challenges now compared with them at the same age
- 70% aged 65+ are unlikely to adjust their lifestyles in order to pass wealth onto their children
- 80% aged 65+ are not prepared to downsize to release funds to their children, but close to half of those aged 50+ would consider passing home equity value to their children if they could stay in the family home
Ben Hillier, AMP Director of Retirement, said, "As housing unaffordability and cost-of-living pressures rise, Australia's burgeoning retiree population faces a growing dilemma – how do they help their kids financially, while also fully enjoying their retirement years."
Hillier emphasized the need for retirees to have greater comfort with their own finances, noting that far too many are unnecessarily fearful their savings won't last their lifetime. He suggested that providing retirees with financial confidence can be achieved through increasing financial literacy and knowledge, as well as using solutions that provide greater assurance on lifetime income.
Given retirees' strong attachment to the family home, Hillier also highlighted the need for the industry to explore new ways to help retirees unlock capital from their home without the need to downsize or compromise their long-term wellbeing.
Australians can build their financial confidence in retirement by taking advantage of intra-fund advice services offered free of charge by most super funds. AMP, for example, has dedicated retirement experts who provide free consultations to its superannuation members on planning for retirement.
" ["publish_date"]=> string(19) "2024-06-03 01:36:09" ["image"]=> string(109) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1717385722/Ben_Hillier_AMP_1_ewkjin.jpg" ["image_alt"]=> string(98) "Retirees face dilemma in supporting children amid housing affordability crisis, AMP research finds" } [3]=> object(stdClass)#895 (38) { ["type_alias"]=> string(19) "com_content.article" ["content_item_id"]=> int(18594) ["core_content_id"]=> int(5177) ["match_count"]=> int(1) ["tag_date"]=> string(19) "2024-05-29 23:55:49" ["core_title"]=> string(85) "Younger investors prioritize progress toward goals over absolute returns, study finds" ["core_params"]=> object(Joomla\Registry\Registry)#1749 (3) { ["data":protected]=> object(stdClass)#1760 (28) { ["article_layout"]=> string(0) "" ["show_title"]=> string(0) "" ["link_titles"]=> string(0) "" ["show_tags"]=> string(0) "" ["show_intro"]=> string(0) "" ["info_block_position"]=> string(0) "" ["info_block_show_title"]=> string(0) "" ["show_category"]=> string(0) "" ["link_category"]=> string(0) "" ["show_parent_category"]=> string(0) "" ["link_parent_category"]=> string(0) "" ["show_author"]=> string(0) "" ["link_author"]=> string(0) "" ["show_create_date"]=> string(0) "" ["show_modify_date"]=> string(0) "" ["show_publish_date"]=> string(0) "" ["show_item_navigation"]=> string(0) "" ["show_hits"]=> string(0) "" ["show_noauth"]=> string(0) "" ["urls_position"]=> string(0) "" ["alternative_readmore"]=> string(0) "" ["article_page_title"]=> string(0) "" ["show_publishing_options"]=> string(0) "" ["show_article_options"]=> string(0) "" ["show_urls_images_backend"]=> string(0) "" ["show_urls_images_frontend"]=> string(0) "" ["comments"]=> string(1) "1" ["readingDiff"]=> string(1) "3" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["core_alias"]=> string(84) "younger-investors-prioritize-progress-toward-goals-over-absolute-returns-study-finds" ["core_body"]=> string(2616) "A recent examination of results from Dimensional Fund Advisors' Global Investor Study reveals that younger investors tend to care most about seeing progress toward their goals, whereas older investors are more interested in absolute returns.
The study, which collected 38,976 responses from 2017 to 2019 and 2021 to 2023, found that 33% of young investors (those younger than 40) selected "progress toward my goals" as the most helpful metric when looking at the performance of their investments. In contrast, only 18% of older investors (those older than 60) prioritized this measure, with the majority favoring percentage returns over a given period.
"Young investors were almost twice as likely to prioritize progress toward their goals as older investors," said Gordon Titman, Associate, Research at Dimensional Fund Advisors.
The results were consistent when survey respondents were asked how they primarily measure the value they receive from their advisor. Of the 87,173 responses collected from 2016 through 2023, 31% of young investors selected "progress toward my goals," compared to just 13% of older investors.
The data also revealed that younger investors tend to have a higher tolerance for drawdowns. When asked at what level of negative returns they would call their advisor to make a significant change to their investments, only 14% of young investors said they would do so if the market drops by up to 15%, compared to 21% of older investors.
"The emphasis on goals-based investing and a willingness to accept drawdowns creates an opportunity for advisors to better serve their younger clientele through targeting equity premiums while maintaining a broadly diversified portfolio," Titman said.
Research by Dimensional shows that taking advantage of reliable equity premiums, such as the size, value, and profitability premiums, can improve retirement outcomes. Efficiently targeting these premiums can reduce the likelihood of running out of money in retirement and lead to larger bequests.
The findings highlight the importance of advisors understanding the distinct preferences of younger clients and adjusting their service models accordingly. Recognizing and adapting to younger investors' focus on progress toward goals may make it easier for advisors to win over the next generation of clients.
"When advisors understand the distinct preferences of younger clients, they can refine their service models and engage planning technology that helps drive discussion around goals and financial well-being," Titman concluded.
" ["core_state"]=> int(1) ["core_access"]=> int(1) ["core_metadata"]=> string(52) "{"robots":"","author":"","rights":"","metatitle":""}" ["core_created_user_id"]=> int(2421) ["core_created_by_alias"]=> string(0) "" ["core_created_time"]=> string(19) "2024-05-28 21:55:32" ["core_images"]=> string(442) "{"public_id_cloudinary":"pexels-ivan-samkov-7213216_mxfjhp","image_intro":"https:\/\/res.cloudinary.com\/momentum-media-group-pty-ltd\/image\/upload\/v1717026529\/pexels-ivan-samkov-7213216_mxfjhp.jpg","image_intro_alt":"Younger investors prioritize progress toward goals over absolute returns, study finds","float_intro":"","image_intro_caption":"","image_fulltext":"","image_fulltext_alt":"","float_fulltext":"","image_fulltext_caption":""}" ["core_modified_time"]=> string(19) "2024-05-28 21:55:32" ["core_language"]=> string(1) "*" ["core_catid"]=> int(284) ["core_publish_up"]=> string(19) "2024-05-28 21:55:42" ["core_publish_down"]=> NULL ["content_type_title"]=> string(7) "Article" ["router"]=> string(35) "ContentHelperRoute::getArticleRoute" ["author"]=> string(17) "Nicole Comendador" ["author_email"]=> string(38) "[email protected]" ["link"]=> string(98) "/invest-money/younger-investors-prioritize-progress-toward-goals-over-absolute-returns-study-finds" ["displayDate"]=> string(19) "2024-05-28 21:55:42" ["event"]=> object(stdClass)#1709 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "- Yes
A recent examination of results from Dimensional Fund Advisors' Global Investor Study reveals that younger investors tend to care most about seeing progress toward their goals, whereas older investors are more interested in absolute returns.
The study, which collected 38,976 responses from 2017 to 2019 and 2021 to 2023, found that 33% of young investors (those younger than 40) selected "progress toward my goals" as the most helpful metric when looking at the performance of their investments. In contrast, only 18% of older investors (those older than 60) prioritized this measure, with the majority favoring percentage returns over a given period.
"Young investors were almost twice as likely to prioritize progress toward their goals as older investors," said Gordon Titman, Associate, Research at Dimensional Fund Advisors.
The results were consistent when survey respondents were asked how they primarily measure the value they receive from their advisor. Of the 87,173 responses collected from 2016 through 2023, 31% of young investors selected "progress toward my goals," compared to just 13% of older investors.
The data also revealed that younger investors tend to have a higher tolerance for drawdowns. When asked at what level of negative returns they would call their advisor to make a significant change to their investments, only 14% of young investors said they would do so if the market drops by up to 15%, compared to 21% of older investors.
"The emphasis on goals-based investing and a willingness to accept drawdowns creates an opportunity for advisors to better serve their younger clientele through targeting equity premiums while maintaining a broadly diversified portfolio," Titman said.
Research by Dimensional shows that taking advantage of reliable equity premiums, such as the size, value, and profitability premiums, can improve retirement outcomes. Efficiently targeting these premiums can reduce the likelihood of running out of money in retirement and lead to larger bequests.
The findings highlight the importance of advisors understanding the distinct preferences of younger clients and adjusting their service models accordingly. Recognizing and adapting to younger investors' focus on progress toward goals may make it easier for advisors to win over the next generation of clients.
"When advisors understand the distinct preferences of younger clients, they can refine their service models and engage planning technology that helps drive discussion around goals and financial well-being," Titman concluded.
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["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#1753 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#1606 (3) { ["data":protected]=> object(stdClass)#1611 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#1608 (3) { ["data":protected]=> object(stdClass)#1613 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(85) "Younger investors prioritize progress toward goals over absolute returns, study finds" ["introtext"]=> string(2616) "A recent examination of results from Dimensional Fund Advisors' Global Investor Study reveals that younger investors tend to care most about seeing progress toward their goals, whereas older investors are more interested in absolute returns.
The study, which collected 38,976 responses from 2017 to 2019 and 2021 to 2023, found that 33% of young investors (those younger than 40) selected "progress toward my goals" as the most helpful metric when looking at the performance of their investments. In contrast, only 18% of older investors (those older than 60) prioritized this measure, with the majority favoring percentage returns over a given period.
"Young investors were almost twice as likely to prioritize progress toward their goals as older investors," said Gordon Titman, Associate, Research at Dimensional Fund Advisors.
The results were consistent when survey respondents were asked how they primarily measure the value they receive from their advisor. Of the 87,173 responses collected from 2016 through 2023, 31% of young investors selected "progress toward my goals," compared to just 13% of older investors.
The data also revealed that younger investors tend to have a higher tolerance for drawdowns. When asked at what level of negative returns they would call their advisor to make a significant change to their investments, only 14% of young investors said they would do so if the market drops by up to 15%, compared to 21% of older investors.
"The emphasis on goals-based investing and a willingness to accept drawdowns creates an opportunity for advisors to better serve their younger clientele through targeting equity premiums while maintaining a broadly diversified portfolio," Titman said.
Research by Dimensional shows that taking advantage of reliable equity premiums, such as the size, value, and profitability premiums, can improve retirement outcomes. Efficiently targeting these premiums can reduce the likelihood of running out of money in retirement and lead to larger bequests.
The findings highlight the importance of advisors understanding the distinct preferences of younger clients and adjusting their service models accordingly. Recognizing and adapting to younger investors' focus on progress toward goals may make it easier for advisors to win over the next generation of clients.
"When advisors understand the distinct preferences of younger clients, they can refine their service models and engage planning technology that helps drive discussion around goals and financial well-being," Titman concluded.
" ["publish_date"]=> string(19) "2024-05-28 21:55:42" ["image"]=> string(118) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1717026529/pexels-ivan-samkov-7213216_mxfjhp.jpg" ["image_alt"]=> string(85) "Younger investors prioritize progress toward goals over absolute returns, study finds" } [4]=> object(stdClass)#894 (38) { ["type_alias"]=> string(19) "com_content.article" ["content_item_id"]=> int(18593) ["core_content_id"]=> int(5176) ["match_count"]=> int(1) ["tag_date"]=> string(19) "2024-05-24 00:37:29" ["core_title"]=> string(85) "Stock market rally likely to continue regardless of Fed minutes tone, says deVere CEO" ["core_params"]=> object(Joomla\Registry\Registry)#1761 (3) { ["data":protected]=> object(stdClass)#1772 (28) { ["article_layout"]=> string(0) "" ["show_title"]=> string(0) "" ["link_titles"]=> string(0) "" ["show_tags"]=> string(0) "" ["show_intro"]=> string(0) "" ["info_block_position"]=> string(0) "" ["info_block_show_title"]=> string(0) "" ["show_category"]=> string(0) "" ["link_category"]=> string(0) "" ["show_parent_category"]=> string(0) "" ["link_parent_category"]=> string(0) "" ["show_author"]=> string(0) "" ["link_author"]=> string(0) "" ["show_create_date"]=> string(0) "" ["show_modify_date"]=> string(0) "" ["show_publish_date"]=> string(0) "" ["show_item_navigation"]=> string(0) "" ["show_hits"]=> string(0) "" ["show_noauth"]=> string(0) "" ["urls_position"]=> string(0) "" ["alternative_readmore"]=> string(0) "" ["article_page_title"]=> string(0) "" ["show_publishing_options"]=> string(0) "" ["show_article_options"]=> string(0) "" ["show_urls_images_backend"]=> string(0) "" ["show_urls_images_frontend"]=> string(0) "" ["comments"]=> string(1) "1" ["readingDiff"]=> string(1) "3" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["core_alias"]=> string(84) "stock-market-rally-likely-to-continue-regardless-of-fed-minutes-tone-says-devere-ceo" ["core_body"]=> string(2808) "The bull run that has propelled Wall Street's major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, CEO of one of the world's largest independent financial advisory and asset management firms.
Investors are eagerly awaiting the release of minutes from the US central bank's latest policy meeting for clues on the timing of potential interest rate cuts. Despite several officials recently emphasizing the need for further evidence of easing inflation before lowering rates, Mr Green believes the market's upward trajectory will persist.
"More hawkish? More dovish? The tone of the Fed minutes is becoming less important to many investors now," he said.
"We expect the markets' bull run which has taken Wall Street's major indexes to fresh highs in recent weeks to continue."
Mr Green cited two main narratives supporting this outlook. First, a strong corporate earnings season and the prospect of a "soft landing" for the US economy have instilled confidence in investors regarding the stability and resilience of the world's largest economy.
Additionally, signs of a rebound in China and improving economic conditions in Europe are further bolstering the global economic outlook.
The second narrative underpinning expectations of a continued stock market rally revolves around the anticipation of interest rate cuts in the event of an economic slowdown.
"Should this happen, the Fed would cut rates in response, and in turn, this would also be expected to bolster equities," Mr Green said.
While the markets' hopes for rate cuts dominate headlines and investor sentiment, Mr Green cautioned that such expectations should not overshadow the importance of focusing on companies' fundamental metrics.
"Focusing on companies' fundamentals remains paramount. The fundamentals - earnings growth, revenue trends, profit margins, debt levels, and cash flow - offer a clear picture of a firm's health and long-term viability," he said.
"These metrics are critical for assessing the intrinsic value, irrespective of macroeconomic policy shifts."
Mr Green noted that a disciplined approach grounded in solid financial data helps investors build resilient portfolios that can withstand short-term market fluctuations and align with long-term investment goals.
"The Fed minutes will make little material difference to current market sentiment as the optimism continues," he concluded.
The bullish prediction comes as investors await key insights from the Federal Reserve's latest policy meeting minutes, with the market's focus firmly on the potential timing and magnitude of future interest rate adjustments.
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The bull run that has propelled Wall Street's major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, CEO of one of the world's largest independent financial advisory and asset management firms.
Investors are eagerly awaiting the release of minutes from the US central bank's latest policy meeting for clues on the timing of potential interest rate cuts. Despite several officials recently emphasizing the need for further evidence of easing inflation before lowering rates, Mr Green believes the market's upward trajectory will persist.
"More hawkish? More dovish? The tone of the Fed minutes is becoming less important to many investors now," he said.
"We expect the markets' bull run which has taken Wall Street's major indexes to fresh highs in recent weeks to continue."
Mr Green cited two main narratives supporting this outlook. First, a strong corporate earnings season and the prospect of a "soft landing" for the US economy have instilled confidence in investors regarding the stability and resilience of the world's largest economy.
Additionally, signs of a rebound in China and improving economic conditions in Europe are further bolstering the global economic outlook.
The second narrative underpinning expectations of a continued stock market rally revolves around the anticipation of interest rate cuts in the event of an economic slowdown.
"Should this happen, the Fed would cut rates in response, and in turn, this would also be expected to bolster equities," Mr Green said.
While the markets' hopes for rate cuts dominate headlines and investor sentiment, Mr Green cautioned that such expectations should not overshadow the importance of focusing on companies' fundamental metrics.
"Focusing on companies' fundamentals remains paramount. The fundamentals - earnings growth, revenue trends, profit margins, debt levels, and cash flow - offer a clear picture of a firm's health and long-term viability," he said.
"These metrics are critical for assessing the intrinsic value, irrespective of macroeconomic policy shifts."
Mr Green noted that a disciplined approach grounded in solid financial data helps investors build resilient portfolios that can withstand short-term market fluctuations and align with long-term investment goals.
"The Fed minutes will make little material difference to current market sentiment as the optimism continues," he concluded.
The bullish prediction comes as investors await key insights from the Federal Reserve's latest policy meeting minutes, with the market's focus firmly on the potential timing and magnitude of future interest rate adjustments.
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int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(85) "Stock market rally likely to continue regardless of Fed minutes tone, says deVere CEO" ["introtext"]=> string(2808) "The bull run that has propelled Wall Street's major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, CEO of one of the world's largest independent financial advisory and asset management firms.
Investors are eagerly awaiting the release of minutes from the US central bank's latest policy meeting for clues on the timing of potential interest rate cuts. Despite several officials recently emphasizing the need for further evidence of easing inflation before lowering rates, Mr Green believes the market's upward trajectory will persist.
"More hawkish? More dovish? The tone of the Fed minutes is becoming less important to many investors now," he said.
"We expect the markets' bull run which has taken Wall Street's major indexes to fresh highs in recent weeks to continue."
Mr Green cited two main narratives supporting this outlook. First, a strong corporate earnings season and the prospect of a "soft landing" for the US economy have instilled confidence in investors regarding the stability and resilience of the world's largest economy.
Additionally, signs of a rebound in China and improving economic conditions in Europe are further bolstering the global economic outlook.
The second narrative underpinning expectations of a continued stock market rally revolves around the anticipation of interest rate cuts in the event of an economic slowdown.
"Should this happen, the Fed would cut rates in response, and in turn, this would also be expected to bolster equities," Mr Green said.
While the markets' hopes for rate cuts dominate headlines and investor sentiment, Mr Green cautioned that such expectations should not overshadow the importance of focusing on companies' fundamental metrics.
"Focusing on companies' fundamentals remains paramount. The fundamentals - earnings growth, revenue trends, profit margins, debt levels, and cash flow - offer a clear picture of a firm's health and long-term viability," he said.
"These metrics are critical for assessing the intrinsic value, irrespective of macroeconomic policy shifts."
Mr Green noted that a disciplined approach grounded in solid financial data helps investors build resilient portfolios that can withstand short-term market fluctuations and align with long-term investment goals.
"The Fed minutes will make little material difference to current market sentiment as the optimism continues," he concluded.
The bullish prediction comes as investors await key insights from the Federal Reserve's latest policy meeting minutes, with the market's focus firmly on the potential timing and magnitude of future interest rate adjustments.
" ["publish_date"]=> string(19) "2024-05-24 00:37:28" ["image"]=> string(124) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1716511016/pexels-anna-nekrashevich-6801874_irkdw3.jpg" ["image_alt"]=> string(85) "Stock market rally likely to continue regardless of Fed minutes tone, says deVere CEO" } [5]=> object(stdClass)#893 (38) { ["type_alias"]=> string(19) "com_content.article" ["content_item_id"]=> int(18592) ["core_content_id"]=> int(5175) ["match_count"]=> int(1) ["tag_date"]=> string(19) "2024-05-22 23:01:11" ["core_title"]=> string(108) "Retirement Living Council urges action on affordable housing for seniors as more retirees worry about income" ["core_params"]=> object(Joomla\Registry\Registry)#1773 (3) { ["data":protected]=> object(stdClass)#1840 (28) { ["article_layout"]=> string(0) "" ["show_title"]=> string(0) "" ["link_titles"]=> string(0) "" ["show_tags"]=> string(0) "" ["show_intro"]=> string(0) "" ["info_block_position"]=> string(0) "" ["info_block_show_title"]=> string(0) "" ["show_category"]=> string(0) "" ["link_category"]=> string(0) "" ["show_parent_category"]=> string(0) "" ["link_parent_category"]=> string(0) "" ["show_author"]=> string(0) "" ["link_author"]=> string(0) "" ["show_create_date"]=> string(0) "" ["show_modify_date"]=> string(0) "" ["show_publish_date"]=> string(0) "" ["show_item_navigation"]=> string(0) "" ["show_hits"]=> string(0) "" ["show_noauth"]=> string(0) "" ["urls_position"]=> string(0) "" ["alternative_readmore"]=> string(0) "" ["article_page_title"]=> string(0) "" ["show_publishing_options"]=> string(0) "" ["show_article_options"]=> string(0) "" ["show_urls_images_backend"]=> string(0) "" ["show_urls_images_frontend"]=> string(0) "" ["comments"]=> string(1) "1" ["readingDiff"]=> string(1) "3" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["core_alias"]=> string(108) "retirement-living-council-urges-action-on-affordable-housing-for-seniors-as-more-retirees-worry-about-income" ["core_body"]=> string(2738) "The Retirement Living Council (RLC) is calling on governments to prioritise retirement villages as a key solution to housing affordability for older Australians, as new data shows an increase in retiree numbers and concerns about retirement income.
According to the Australian Bureau of Statistics' latest Retirement and Retirement Intentions report, there are now 4.2 million retirees across the country, with 130,000 people retiring in 2022 at an average age of 64.8 years.
The report also revealed that 710,000 Australians intend to retire in the next five years, including 226,000 in the next two years, with financial security being the main factor influencing retirement decisions.
RLC Executive Director Daniel Gannon said the figures highlight the urgent need for affordable, age-friendly housing options as Australia faces a "silver tsunami".
"Given household debt and financial security are impacting the age at which Australians are retiring, suitable and affordable housing options are more important than ever," Mr Gannon said.
"Unfortunately, a rapidly growing number of Australians are retiring with mortgage debt while the aged pension remains the main source of income for most retirees."
Mr Gannon said units in retirement communities are priced on average 48% lower than median house prices in the same postcode, making them a key part of the solution to retirement income challenges.
He also noted the important role older Australians can play in freeing up housing stock for younger buyers by "rightsizing" into homes better suited to their needs, which can also boost their retirement income.
However, Mr Gannon criticised the recent federal budget for failing to deliver a plan to accommodate and care for the ageing population, describing it as a "missed opportunity".
"The unfortunate reality is that Australians aren't getting any younger, and every day that passes without a plan to house and care for older Australians appropriately and affordably is a missed opportunity," he said.
While welcoming the extension of Commonwealth Rent Assistance, Mr Gannon said the current eligibility thresholds exclude most people living in affordable retirement units, underscoring the need for reform.
The RLC is the peak body representing retirement village owners and operators, advocating for policies to deliver more age-friendly homes and better services in retirement communities.
The ABS report showed Queensland had the largest increase in retiree numbers between 2021 and 2023, with 32,000 more, while South Australia had the highest proportion at 46% and Tasmania saw the biggest drop in its share of retirees.
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The Retirement Living Council (RLC) is calling on governments to prioritise retirement villages as a key solution to housing affordability for older Australians, as new data shows an increase in retiree numbers and concerns about retirement income.
According to the Australian Bureau of Statistics' latest Retirement and Retirement Intentions report, there are now 4.2 million retirees across the country, with 130,000 people retiring in 2022 at an average age of 64.8 years.
The report also revealed that 710,000 Australians intend to retire in the next five years, including 226,000 in the next two years, with financial security being the main factor influencing retirement decisions.
RLC Executive Director Daniel Gannon said the figures highlight the urgent need for affordable, age-friendly housing options as Australia faces a "silver tsunami".
"Given household debt and financial security are impacting the age at which Australians are retiring, suitable and affordable housing options are more important than ever," Mr Gannon said.
"Unfortunately, a rapidly growing number of Australians are retiring with mortgage debt while the aged pension remains the main source of income for most retirees."
Mr Gannon said units in retirement communities are priced on average 48% lower than median house prices in the same postcode, making them a key part of the solution to retirement income challenges.
He also noted the important role older Australians can play in freeing up housing stock for younger buyers by "rightsizing" into homes better suited to their needs, which can also boost their retirement income.
However, Mr Gannon criticised the recent federal budget for failing to deliver a plan to accommodate and care for the ageing population, describing it as a "missed opportunity".
"The unfortunate reality is that Australians aren't getting any younger, and every day that passes without a plan to house and care for older Australians appropriately and affordably is a missed opportunity," he said.
While welcoming the extension of Commonwealth Rent Assistance, Mr Gannon said the current eligibility thresholds exclude most people living in affordable retirement units, underscoring the need for reform.
The RLC is the peak body representing retirement village owners and operators, advocating for policies to deliver more age-friendly homes and better services in retirement communities.
The ABS report showed Queensland had the largest increase in retiree numbers between 2021 and 2023, with 32,000 more, while South Australia had the highest proportion at 46% and Tasmania saw the biggest drop in its share of retirees.
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string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#1819 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#1182 (3) { ["data":protected]=> object(stdClass)#1187 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#1184 (3) { ["data":protected]=> object(stdClass)#1189 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["title"]=> string(108) "Retirement Living Council urges action on affordable housing for seniors as more retirees worry about income" ["introtext"]=> string(2738) "The Retirement Living Council (RLC) is calling on governments to prioritise retirement villages as a key solution to housing affordability for older Australians, as new data shows an increase in retiree numbers and concerns about retirement income.
According to the Australian Bureau of Statistics' latest Retirement and Retirement Intentions report, there are now 4.2 million retirees across the country, with 130,000 people retiring in 2022 at an average age of 64.8 years.
The report also revealed that 710,000 Australians intend to retire in the next five years, including 226,000 in the next two years, with financial security being the main factor influencing retirement decisions.
RLC Executive Director Daniel Gannon said the figures highlight the urgent need for affordable, age-friendly housing options as Australia faces a "silver tsunami".
"Given household debt and financial security are impacting the age at which Australians are retiring, suitable and affordable housing options are more important than ever," Mr Gannon said.
"Unfortunately, a rapidly growing number of Australians are retiring with mortgage debt while the aged pension remains the main source of income for most retirees."
Mr Gannon said units in retirement communities are priced on average 48% lower than median house prices in the same postcode, making them a key part of the solution to retirement income challenges.
He also noted the important role older Australians can play in freeing up housing stock for younger buyers by "rightsizing" into homes better suited to their needs, which can also boost their retirement income.
However, Mr Gannon criticised the recent federal budget for failing to deliver a plan to accommodate and care for the ageing population, describing it as a "missed opportunity".
"The unfortunate reality is that Australians aren't getting any younger, and every day that passes without a plan to house and care for older Australians appropriately and affordably is a missed opportunity," he said.
While welcoming the extension of Commonwealth Rent Assistance, Mr Gannon said the current eligibility thresholds exclude most people living in affordable retirement units, underscoring the need for reform.
The RLC is the peak body representing retirement village owners and operators, advocating for policies to deliver more age-friendly homes and better services in retirement communities.
The ABS report showed Queensland had the largest increase in retiree numbers between 2021 and 2023, with 32,000 more, while South Australia had the highest proportion at 46% and Tasmania saw the biggest drop in its share of retirees.
" ["publish_date"]=> string(19) "2024-05-22 23:01:10" ["image"]=> string(111) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1716418794/pexels-rdne-5637585_smz7ir.jpg" ["image_alt"]=> string(108) "Retirement Living Council urges action on affordable housing for seniors as more retirees worry about income" } }
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