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SURVEY SAYS: National Seniors Australia chief executive Professor John McCallum. THE defining song of the 1960s younger generation, The Who’s ‘My Generation’, starts with ‘People try to put us down!’. I wonder what The Who’s lead singer, Sir Roger Daltrey, makes of his younger self today, singing the end line “I hope I die before I get old”. He’s now 77. Sadly, during the pandemic, where young and older have suffered most, this generational friction is being ‘talked up’. Every time an Intergenerational Report (IGR) comes out, as one did in June this year, we read statistics and comments that older people are becoming more of a financial burden on younger generations. ....
Why are only half of Australians aged 65 enjoying retirement? brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
Why QSuper created Lifetime Pension - an industry-first retirement product Promoted by QSuper QSuper s Head of Product and Services Ben Hillier shares the reasons and research behind QSuper’s innovative, new Lifetime Pension that gives retirees confidence they will have income that won’t run out. A One of the key concerns retirees have is that they will outlive their savings 1 . To help mitigate this concern, QSuper has launched a new retirement product that offers an income for life. QSuper s Head of Product and Services Ben Hillier says the development of the Lifetime Pension offers confidence for retirees and answers many questions that financial advisers are asked as well as many of the questions that should be asked. ....
But advocates say the boost is little more than a good first step. The massive funding injection forms the centrepiece of the governmentâs response to the aged care royal commission and includes $6.5 billion for an additional 80,000 home care packages over the next two years, bringing the total number available to 275,000. From 2023 staff will be required to spend at least three hours and 20 minutes every day with each aged-care resident â a welcome boost that will rise to three hours and 35 minutes by 2024. And resources were boosted in other areas, too. From July 2022, at least one registered staff member will need to be on shift at every facility for a minimum of 16 hours a day, while significant amounts of money will be poured into up-skilling aged-care workers and enticing more Australians into the industry, including 33,800 training places under an expansion to JobTrainer. ....
Branch close ‘no surprise’ THE closure of the Rosebud branch of the ANZ Bank on 18 March was on the cards for the past six months. In October 2020, the bank’s general manager for Victoria Michael Wake said: “Every year we see 10 per cent less transactions at our branches because our customers no longer use them for everyday banking like they used to. “While branch activity has declined, we’ve seen a spike in demand for many of our non-branch roles, such as customer contact centres and the operations team which manages hardship and other inquiries. “The majority of our customers now prefer the convenience of doing their banking when it suits them. Our apps and call centres are convenient, and we’ve also seen a number of passbook customers opting for debit cards recently to expand their banking options.” ....