Home no safety net for retirees, new super industry survey finds

first_imgA new survey has found a third of property investors who negative gear will retire with more than $100,000 in debt.It comes as federal Labor leader Bill Shorten this week urged investors and retirees to offset any losses from imputation credits with property investments.Mr Shorten, who said a future Labor federal government would cancel cash refunds for excess dividends, did not dispute claims it could cause investors to switch to investing in property as an alternative to shares.KEY FINDINGS• 79% of property investors are concerned rising house prices are locking young people out of the market• 95% say their primary motivation for owning an investment property is to fund a comfortable retirement• 79% of property investors with children say it is important to have an asset to pass on• One third of property investors have three or more properties• 55% of non-property investors support changes to negative gearing, even if it meansprices might fall slightly• 35% of property investors support changes to negative gearing• 52% believe an investment property is a better way to save for retirement than superannuation• 47% of property investors expect to retire with debt(Source: Essential Media, Australian Institute of Superannuation Trustees) Australian Institute of Superannuation Trustees CEO Eva Scheerlinck.“The long-held assumption that the home is a safety net for retirees is becoming increasinglydubious as more older people are being forced to rent or use their super to reduce their mortgage in retirement,” Ms Scheerlinck said.Ms Scheerlinck said it was time to re-examine the role of negative gearing and Capital Gains Tax concessions and for policymakers to consider proposals to modify those measures. She said negative gearing had been shown to fuel house price rises, adding that the measure directed government tax expenditure into unproductive assets. A new survey has found a third of property investors who negative gear will retire with more than $100,000 in debt.The survey — conducted from late February to early March — involved familyinterviews and an online public poll.Nearly 80 per cent of investors said creating an asset they could pass on to theirchildren was important, while providing somewhere for children to livewas important to 57 per cent of respondents.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago HONEY BADGER LOSES BACHELOR PAD HOME FETCHES $2M ABOVE MEDIAN IDYLLIC FIT FOR LUXE LIVING Essential Media head of research Rebecca Huntley said the survey findings were cold comfort for investors who trusted their properties would support them in their twilight years.“In order to invest, they are moving into semi-retirement and retirement with debts,” Dr Huntley said.“It’s a risky strategy for some. As a result the children don’t believe there will be much left down the track for the next generation to inherit.”center_img A new survey has found a third of property investors who negative gear will retire with more than $100,000 in debt.A THIRD of property investors who rely on negative gearing are likely to retire with more than $100,000 in debt and will need to dip into their super to pay it off, new research reveals.The belief survey commissioned by the Australian Institute of Superannuation Trustees and conducted by Essential Media also found more than a third of property investors support changes to negative gearing, especially those who have children. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE A large majority of investors surveyed admitted a fear of not having enough money to retire comfortably had driven them to invest in property, while reducing their taxable income was another motivating factor.AIST chief executive Eva Scheerlinck said the survey confirmed housing affordability was a significant concern to most Australians, including those heading into retirement.last_img read more

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Dalung, NFF, LMC Mourn as Emeteole Dies

first_imgFormer Nigeria international defender Kelechi Emeteole has passed on at the age of 66 years.According to the Nigeria Football Federation (NFF), Emeteole “died in the early hours of Wednesday in India where he had gone for surgery for throat cancer.”“The death of Mr Kelechi Emeteole came to us as a rude shock. A year ago, we lost two legends in the persons of Stephen Keshi and Amodu Shaibu in the month of June. This year, also in the month of June, we have now lost another legend who served the nation creditably, energetically and meritoriously.“Our hearts go out to his caring family that he has now left: his doting wife and children as well as relations. We pray that they will have the fortitude to bear the loss. We also pray that the soul of the departed finds eternal rest. Nigerian Football will miss him dearly,” NFF General Secretary, Dr. Mohammed Sanusi, said yesterday in a statement. Also, the League Management Company (LMC) which oversees the running of the Nigeria top flight also expressed “heartfelt condolences” to the family of Emeteole.“Our heartfelt condolences are with the family & friends of Kelechi Emeteole who worked with several #NPFL clubs as coach #RIPEmeteole, LMC posted on its twitter handle shortly after Emeteole’s death news hit Nigeria.The Minister of Youth and Sports, Solomon Dalung, also in a statement expressed dismay and sadness over the death of Emeteole.Dalung expressed shock that despite the timely intervention of Nigerians to raise funds for his medicals , he still succumbed to the cold hands of death.He seized the opportunity to commiserate with the family of the deceased, the Nigeria Football Federation and the entire football confraternity over this unfortunate incident.“When we were still grappling with the reality of Lizzy Onyenwenwa’s death, we have lost another sports icon who was dear many Nigerians.“This is one death too many, but who are we to question God? All we can do as humans is to mourn the departed and accept the inevitability of death,”Dalung noted with sadness.Emeteole won 17 caps for the senior national team (then known as Green Eagles) and scored four goals, between 1975 and 1977.Nicknamed ‘Caterpillar’ for his no-nonsense approach as a defender, Emeteole won a bronze medal with the Green Eagles at the 10th Africa Cup of Nations finals in Ethiopia in 1976, and later served as assistant coach of the Super Eagles.He also coached elite domestic teams Enyimba FC, Rangers International, Lobi Stars, Heartland FC and El-Kanemi Warriors, and between 2007 and 2009 was Head Coach of the Beach Soccer National Team, Supersand Eagles.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Radical iOS 7 Design Is Threat To Some Existing Apps

first_imgTags:#Apple#iOS 7#iPhone The Rise and Rise of Mobile Payment Technology Why IoT Apps are Eating Device Interfaces I was not expecting the many changes to Camera nor the additional Photos sharing and reviewing functions.With Camera, controls are simpler, and a new set of filters and editing tools have been added. Photos now (semi-automatically) organizes pictures into various “collections”—by place and time. It’s hard to predict how these changes will impact competing photo services.But for all these changes, existing services will weather the additions well. Instagram, for example, is built upon a massive user base, so nothing in iOS 7 should threaten that. Flickr is a popular photo sharing and archiving service. With iOS 7, it’s now even easier to share photos with Flickr, Facebook and other services. I expect these social platforms to witness a boom in photo/video uploads.Developers of camera apps are threatened, however. Filters and a panoramic feature are embedded in the new iOS camera,  with attractive controls and a camera function that can even be accessed via the Control Center. iOS 7 will make it harder to justify paying money for any but the very best camera apps.Mail: Return To SenderApple’s default Mail app is slightly improved. The minimal design and new iconography offer a larger work space. A simple swipe makes it easy to trash or archive an email. It may be the best of Apple’s standard default apps. That said, there’s no great improvement here. For those that have found a better alternative under iOS 6, they will likely retain their allegiance.Siri Ready To Fight Google Voice Search Apple has never allowed users to delete their abysmal default Weather app. This has always been egregiously anti-user. But with iOS 7, users now have little need to seek out alternatives.The redesigned weather app is so clear, intuitive and attractive that it should suffice for most users. While not as functional as many of the paid alternatives, presentation and ease of use likely mean that far fewer users will seek out a non-Apple solution.Legit Google Now AlternativeApple’s new Notification Center is likely to impact the reach of Google Now, Google’s well-designed and popular “virtual assistant.” Now delivers timely, personalized information such as today’s weather and traffic in “cards” to users of the Google app. Role of Mobile App Analytics In-App Engagement Once mastered, however, it soon becomes obvious which apps will be made irrelevant thanks to iOS 7.  For example, the new “Control Center,” which is available with a swipe up from the bottom of the screen, includes a flashlight. There is no longer any need for that long-kept Flashlight app of yours. Similarly, managing Wi-Fi connections via the Control Center is a breeze. Those few of you with Wi-Fi location apps can now delete them. I am unaware of anyone who actually uses Bump. No matter, iOS 7 negates the need for the app, as a new “AirDrop” feature wirelessly sends files to nearby iOS 7 users. What it Takes to Build a Highly Secure FinTech … iTunes Radio should choke off all but the very best, most-entrenched streaming music competitors. If you already have Pandora or a similar service with which you are pleased, Apple has given you no reason to switch to their ad-supported offering. With Pandora, for example, it’s slightly easier to create new radio stations, far easier to share with the world what tracks you are listening to and its enhanced features, such as liner notes, are missing in iTunes Radio. But, Apple’s newest offering is more than good enough to take on other streaming services, especially for undecided or uninitiated users.The Browser Wars Are OverApple’s mobile Safari has always been the default browser in iOS devices. This meant there was little opportunity for competing browsers on the platform, even top-notch ones like Google Chrome. Now, however, there’s even less reason to seek out alternatives. The minimal design of iOS 7 makes for a fuller, more pleasing browsing experience, with more of the webpage visible.The new design makes it very easy to bookmark a site, to share a post or designate it for later reading. Search is built into the nav-bar and the new cover flow-like tabbed browsing makes switching across sites easier than ever. It’s hard to expect the vast majority of users will opt for something different.Weather Is Lovely It’s intriguing to consider what might come from iPhone to iPhone AirDrop use, everything from instantly sharing music and videos, for example, to a clever new take on the “hot potato” game. Such opportunities notwithstanding, Control Center and its wireless sharing features, including AirDrop and AirPlay, will likely draw first blood against several minor app stalwarts.  iTunes Radio Will Be BigWith iTunes Radio, it will now be much easier to buy and download a song you like the moment you hear it. You may not view this as a win, but make no mistake, iTunes Radio will be a winner. For those tens of millions of iOS users not currently using a music streaming service, iTunes Radio is the perfect entry point: it’s available through the “Music” app, is simple to operate and costs nothing. Related Posts brian s hall iOS 7 is a truly audacious redesign of Apple’s chief operating system. I have been using the beta version since last week and it’s abundantly clear that Apple is determinedly focused on ensuring that iOS—the software underpinnings of the iPhone and iPad—remains the simplest, purest OS on the planet. It’s also obvious that the new iOS 7 design and enhanced functionality will kill off many non-Apple apps, including some good ones.See also How Apple’s iOS 7 Changes Everything For App DesignersA Jarring ExperienceFor long-time iPhone users, the new design is jarring. Everything about the light, sparing iOS 7 looks different from its predecessors—fonts, colors and iconography, especially. There is also an updated browser, a slate of redesigned default apps, new swiping functions and more robust notifications. This all takes some getting used to. To be fair, the obvious failings of the default apps are likely due from the pitfalls that arise from a tightly constructed user interface. Like the Now service, Google’s voice search is superior to Apple’s Siri offering. For many iOS users, however, Apple’s pre-loaded Siri has been good enough. Also, Siri is available at the touch of a button, from anywhere within the iOS experience. Not so the Google app and its handy voice search function.And Siri has improved. Information is more pleasantly displayed and Apple has reportedly integrated Bing and Wikipedia to ensure better results. In my tests, Siri was slower to respond than in iOS 6 but I am going to assume this is because iOS 7 is still in beta.Long Live the App Many apps and some popular services will be killed off or marginalized by Apple’s latest moves. However, I expect in total the app ecosystem will witness significant growth and innovation based on iOS 7’s many design, hardware and presentation changes.The app will not die, but thrive, under iOS 7. But that doesn’t mean some existing apps won’t suffer through Apple’s iOS changes. iOS 7 does not offer a better alternative to Google Now. But, it will offer a decent solution that is built-in. Apple’s notification center delivers similar information to Now’s—such as stocks, weather, reminders and appointments—directly onto the lock screen. It is somewhat ugly and ungainly, though useful, and I suspect few users—of the several hundred million who use iOS today—will bother with Google’s non-native app, even if it is a superior offering.Default Apps Are Barely AcceptableThis same issue runs through many of Apple’s default apps—they’re just good enough, and that’s more than enough. It’s one of the unspoken benefits of controlling your hardware and ecosystem.Most of Apple’s redesigned apps, such as Reminders and Calendar, are so poorly constructed or so plainly ugly—such as Notes—that on any level playing field, popular alternatives for these would be under no threat whatsoever. This is not a level playing field, however.  Where the new iOS design fails is when a great deal of information must be presented within a single space, such as the seemingly simple reminder app. Date, place, time, alerts and notes must all be brought to the fore to create a single reminder. The pale, minimalistic new design template has a hard time supporting this.Where iOS 7’s design template soars is when the interactive layer falls away, such as when watching a video. Controls disappear when you want and when you do need them, they are obvious but unobtrusive.Instagram is Safe, Flickr is Better Off, Camera Apps Bewarelast_img read more

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