What the Budget means for FiftyUps Everyone else is giving their verdict on the Budget today, so it’s important us older Australians get a word in edgeways – especially since issues around retirement planning have been, and will remain, a key battleground. We’ve created a succinct survey on Joe Hockey’s plans for you to rate their fairness, impact, ability to chang... read more>

Us over 50s may feel overlooked on occasions but pensioners are at the very heart and soul of next week’s Budget.  Controversial plans for changes to pensions including indexing, taper rates, assets tests and proposals to raid healthy superannuation balances have dominated the run-up to Tuesday night. On Thursday the government unveiled its changes to the eligibility criteria f... read more>

Only one of the big four banks has confirmed so far it will pass on the Reserve Banks historic interest rate cut in full. ANZ said its variable home loan rate would drop 25 basis points to 5.38 per cent from Friday 8th May.  The Commonwealth Bank followed with a 20 basis point cut reducing its standard variable rate to history low 5.45 per cent, but as a surprise added 5 basis points to it... read more>

Older Australians are begging the Reserve Bank be more mindful of their plight, with constantly lower interest rates eroding the value of their retirement incomes. 59% of over-50s are suffering because of the low interest rates paid on savings products, a survey of more than 13,000 respondents by the FiftyUp Club has found. The poll, which was finalised just before today’s RBA decis... read more>

The market is banking on a rate cut today with the ASX reporting a 76% chance of a drop to 2% when the Reserve Bank of Australia Board meets later today. Track the RBA Rate Indicator here In our recent FiftyUp Club Annual Budget survey, we found that 57% of you are suffering because of low rates on savings and the Reserve Bank needs to be more mindful of retirees when cutting interest rates ... read more>