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Seeking advice often did not live up to expectations as 29% of respondents aged over 55 said they had received useful advice from financial advisers and 16% said they had from their super fund.
The report also found that people expected to ease into retirement over a multi-year period and in Australia, 55% expected it to be an event done with several stages and only 16% expected it to be a one-off event.
About one-third of respondents of all age groups expected to continue to work part-time during retirement.
There was also the issue over converting a savings balance into income during retirement as most Australians wanted to keep their savings invested and use it to fund an income – either in the form of interest from investments or as a regular income stream.
Franchises urge PCB to hold rest of PSL in UAE
Sports
May 5, 2021
LAHORE: All six franchises have asked the Pakistan Cricket Board (PCB) to organise the remaining matches of the Pakistan Super League (PSL) 2021 in the United Arab Emirates (UAE).
The cash-rich T20 competition was postponed indefinitely in March earlier this year after seven players and staff members tested positive for Covid-19.
Later, the PCB announced after consulting with the franchises as well as the National Command and Operation Center (NCOC) the country’s leading body in the fight against coronavirus that it would organise the remaining matches of the sixth edition from June 1 to June 20 in Karachi.