Retirement
Retirement Living Council criticises state budgets for lack of ageing strategies
Retirement
Retirement Living Council criticises state budgets for lack of ageing strategies
The Retirement Living Council (RLC) has criticised state government budgets for their lack of ideas, vision and strategies to appropriately house ageing populations around Australia.
Retirement Living Council criticises state budgets for lack of ageing strategies
The Retirement Living Council (RLC) has criticised state government budgets for their lack of ideas, vision and strategies to appropriately house ageing populations around Australia.
RLC Executive Director Daniel Gannon said the "lack of vision is frankly contemptuous to the 4.2 million retirees around Australia and the 710,000 people looking to retire in the next five years."
"Governments need to get creative and expand their vision for older Australians and their ageing needs," he said.
Mr. Gannon noted that while there were some highlights from the budget season, such as cost of living relief for pensioners in Western Australia, South Australia, Victoria and Queensland, the ideas seemed to "start and stop" there.
"State governments tend to have a celebrated focus on first home buyers forgetting that if 'rightsizing' disincentives can be removed, hundreds of thousands of homes in the middle of the market could be freed up," he said.

Mr. Gannon argued that incentivising older Australians to 'rightsize' into homes better suited to their ageing needs could lead to better health outcomes, reduced interaction with hospitals and aged care facilities, and more homes re-entering housing markets for younger people.
"But at the moment, it's radio silence on age-friendly housing solutions," he said.
The RLC is calling on state governments to put in place minimum land allocations for retirement villages in greenfield and master-planned settings, including targets like those already in place for social and affordable housing.
Mr. Gannon highlighted that compared to people not living in a retirement village, residents are 41 per cent happier, 15 per cent more physically active, five times more socially active, twice as likely to catch up with family and friends, and experience reduced levels of loneliness and depression.
Retirement Planning
Majority of Australians still unsure about their retirement prospects
A recent survey conducted by MFS Investment Management® has shed light on the ongoing uncertainty faced by many Australians regarding their retirement plans. Despite a slight increase in confidence ...Read more
Retirement Planning
Wage growth steadies as businesses navigate economic challenges
In a sign that the Australian labour market may be finding equilibrium, wage growth has stabilised this quarter, according to Employment Hero's latest data. This development comes as employers ...Read more
Retirement Planning
Simplified retirement advice: Key to overcoming behavioural biases, experts say
In a bid to enhance retirement outcomes for Australians, a recent whitepaper by Industry Fund Services, in collaboration with Challenger, has highlighted the importance of simplifying retirement ...Read more
Retirement Planning
Rest launches Retire Ready digital experience to empower members approaching retirement
Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled a new digital experience aimed at making retirement preparation simpler and more personalised for its members. Read more
Retirement Planning
New Framework Aims to Bridge Australia’s Financial Advice Gap
A ground-breaking framework introduced by the Actuaries Institute promises to revolutionise how Australians access financial support, potentially transforming the financial wellbeing of millionsRead more
Retirement Planning
The downsizer dividend: how Australia’s ageing shift will reshape property, finance and AI strategy
Downsizing is moving from a personal milestone to a system-level lever for Australia’s housing market. As policymakers court reforms and agents eye fresh listings, the real profit pools will accrue to ...Read more
Retirement Planning
Half of Australians financially insecure about retirement as AMP launches new initiative
In a significant move aimed at addressing the retirement concerns of Australians, AMP has unveiled the Retirement Confidence Pulse, a national barometer designed to gauge the financial confidence of ...Read more
Retirement Planning
North introduces Grow to expand Australia's financial advice footprint
In a bid to bridge the gap between the demand for financial advice and its accessibility, North, a prominent platform for superannuation and retirement in Australia, has launched an innovative ...Read more
Retirement Planning
Majority of Australians still unsure about their retirement prospects
A recent survey conducted by MFS Investment Management® has shed light on the ongoing uncertainty faced by many Australians regarding their retirement plans. Despite a slight increase in confidence ...Read more
Retirement Planning
Wage growth steadies as businesses navigate economic challenges
In a sign that the Australian labour market may be finding equilibrium, wage growth has stabilised this quarter, according to Employment Hero's latest data. This development comes as employers ...Read more
Retirement Planning
Simplified retirement advice: Key to overcoming behavioural biases, experts say
In a bid to enhance retirement outcomes for Australians, a recent whitepaper by Industry Fund Services, in collaboration with Challenger, has highlighted the importance of simplifying retirement ...Read more
Retirement Planning
Rest launches Retire Ready digital experience to empower members approaching retirement
Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled a new digital experience aimed at making retirement preparation simpler and more personalised for its members. Read more
Retirement Planning
New Framework Aims to Bridge Australia’s Financial Advice Gap
A ground-breaking framework introduced by the Actuaries Institute promises to revolutionise how Australians access financial support, potentially transforming the financial wellbeing of millionsRead more
Retirement Planning
The downsizer dividend: how Australia’s ageing shift will reshape property, finance and AI strategy
Downsizing is moving from a personal milestone to a system-level lever for Australia’s housing market. As policymakers court reforms and agents eye fresh listings, the real profit pools will accrue to ...Read more
Retirement Planning
Half of Australians financially insecure about retirement as AMP launches new initiative
In a significant move aimed at addressing the retirement concerns of Australians, AMP has unveiled the Retirement Confidence Pulse, a national barometer designed to gauge the financial confidence of ...Read more
Retirement Planning
North introduces Grow to expand Australia's financial advice footprint
In a bid to bridge the gap between the demand for financial advice and its accessibility, North, a prominent platform for superannuation and retirement in Australia, has launched an innovative ...Read more
