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Do your retirement home-work

Do your retirement home-work   Ask any ageing Australian and they will tell you the same thing - one of our biggest concerns in life is the inevitable prospect of relocating into a retirement home or aged care facility. So if you were one of the many FiftyUp Club members left feeling somewhat distressed following a series of media reports this week on the booming retirement village ind... Read more

Pension age to climb to 70, but progress on Super

Most older Australians have worked hard all their lives and paid their taxes but now we’re being warned that the retirement age is (again) set to be lifted to 70.  Ask anyone over 50 looking for work and they will tell you they want to keep working – if only they can find an appropriate job. In 2015, then-Age Discrimination Minister Susan Ryan found that more than one in every 4 workers o... Read more

Big Insurers Put On Notice

Research this week by Professor Allan Fels found some households could be paying as much as $1700 more than an identical home next door for Home & Contents Insurance!  The findings have reignited calls for an independent comparison website for home and car insurance, and the industry is pushing back as always. Last November Senator Nick Xenophon put a motion to the Upper House for an ... Read more

Fair Go For FiftyUps Survey Results In

When we launch offers such as the Fair Go campaign many members are generous enough to fill in the survey so we can learn more about what makes you tick. As we are about the reveal the offers early next week in terms of the power, home contents/motor insurance and mobile providers it’s worth seeing what you said. Some answers are not surprising in that 58% find their electricity bill to b... Read more

Xenophon Looks To Simplify Home & Car Insurance

One of former PM Tony Abbott’s greatest achievements for consumers was in setting up the website privatehealth.gov.au. Unlike any other comparison website, it contains information about all the products of all the private health funds (and there are over 30). If you are prepared to do your research, you are likely to save a bundle. There is a similar government website for energy plans. And ... Read more

Online Petition To Force Banks To Introduce Tracker Loans

  The Federal Government should force the big banks to introduce tracker loans as part of a package of measures to curtail their massive profits according to Kevin Young, President of Property Club, Australia’s largest independent property group. Tracker loans are popular in the UK and Ireland where banks have to guarantee they will follow interest rate movements by the Central  Bank. ... Read more

The Sharing Economy

The sharing economy has long been viewed as the domain of the young and hip – but that may be changing. Don’t be surprised if your next Uber driver has silver hair. An increasing number of older Australians are opening their wallets to services like Airbnb, Airtasker and Uber – and their earnings from these services are increasing, too. So says the RateSetter Sharing Economy Trust Index, a bian... Read more

ABOUT COMMUNITY MARKET

At the heart of Community Market is an online op-shop where Australians can trade their second-hand goods while donating the proceeds to their nominated charity or community group. While Australians trade around $30 billion in second-hand goods to each other every year, the charity and community sector is not represented in that market. Community Market is dedicated to securing a portion of the... Read more

Radio Show Survey Results Are In!

Thank you to everyone who replied to our survey about our new radio show. The results are in! When we asked what topics you most wanted us to talk about, Health came in top of the list at 75%. It was followed closely by Money Saving Tips at 74%, and then: Travel destinations for over 50’s – 62% Technology - 56% Retirement and financial planning - 55% Next up we asked what ... Read more

Centrelink A Sore Point

In last week’s newsletter we shared member Noel’s story of frustration with Centrelink to apply for the aged pension. Noel obviously hit a nerve as your responses have been coming in thick and fast ever since. This one from Ray: Hi Kayley In this week’s newsletter there is a post from Noel on the paperwork involved in applying for the aged pension. Whilst I found this... Read more