Young people have way too much to think about these days. Even youngsters who have only just begun their working life are expected to know about superannuation, top-up limits and co-contributions. They’re expected to be responsible now for their retirement in forty years’ time. How did we get here? In 1992 the Superannuation Guarantee required all employers to put a mandated percentage of an employee’s salary into a super fund. The super guarantee could not be accessed until the worker retired. So, the onus for retirement shifted from the government and employer, to the employee. And the quality of retirement for those in their twenties and thirties, will be their own responsibility: the amount of retirement income they accumulate will depend on investment decisions made now. The best time to build a nest egg is precisely in those years when you least want to think about it. Because super is a forty-year investment, small increases to contributions and slight changes in what kind of fund you use at the beginning of the journey, can have a big impact at the retirement end. Also, the very people who could be helping young people with advice – financial planners – are moving away from their old commission structure, to a fee-for-service model. The fee-for-service model means the client pays for the level of service they receive. And because young people have less money, and are less engaged with retirement planning in general, young people don’t go to planners. This creates what some people call a ‘service gap’ which could cost people tens of thousands of dollars at retirement. We know from our own research that young people want advice about retirement, but they do not use planners. Last year we polled 500 young people from Sydney, Brisbane and Melbourne, aged 25-34 years. When asked how interested they were in planning for their future, 92 per cent answered either very interested or somewhat interested. When asked if they plan on seeking advice to discuss their financial goals, around a half answered ‘yes’. This means that a huge majority of young people want to set themselves up for the future but only half of them want to access the right advice. This is an important insight because financial planners don’t just help select the right super funds to invest in, they also set-up the associated aspects of a person’s present and future wealth. They attend to the whole picture, something younger generations are not experienced about. The investment options people nominate when they are not advised, is illuminating. When asked what they’d be most interested in investing in, 51 per cent said the share market which is currently quite risky and volatile. So the question has to be asked: why do young people feel more comfortable with a volatile investment class than they do with professional advice? It’s an issue that has to be resolved if the self-funded retirement system is to work properly. Talk to me on Facebook at www.facebook.com/ybrwealth or on Twitter at @markbouris. Let me know what you think. * Mark Bouris is the Executive Chairman of Yellow Brick Road, a financial services company offering home loans, financial planning, accounting & tax and insurance. Email Mark on [email protected] any queries you may have or check www.ybr.com.au for your nearest branch. Facebook Twitter: @NeosKosmos Instagram
No need to wear face masks in Metro Manila, says scientist Don’t miss out on the latest news and information. MLB average attendance down 1.7%, hurt by losing teams Daybreak as smoke, ash billows from Taal volcano PLAY LIST 01:04Daybreak as smoke, ash billows from Taal volcano01:05Poor visibility, nakaapekto sa maraming lugar sa Batangas03:028,000 pulis sa Region 4-A, tuloy ang trabaho03:57Phivolcs, nahihirapan sa komunikasyon sa Taal01:04Sold-out: Stores run out of face masks after Taal spews ash01:45Iran police shoot at those protesting plane shootdown Players who cut short their education and made a success of eSports say their families have, for the most part, accepted their choice — although they stress they are not encouraging other gamers to follow their lead.Kang used to be part of a team in the United States, where his accommodation was paid for and he received a salary and prize money. He currently plays for a Thailand-based team.“Eventually they (my parents) were convinced,” he said. “I could pay for my own food, live on my own.”Sports Related Videospowered by AdSparcRead Next Teenage gamers worldwide are shunning mainstream education in favor of spending hours tapping away on computers and phones, attracted by a booming eSports scene where prizes at major tournaments reach millions of dollars.But perhaps nowhere is the prospect of swapping textbooks for joysticks more daunting than in Singapore, which tops global education rankings and where striving for academic excellence is deeply ingrained in the national psyche.FEATURED STORIESSPORTSAndray Blatche has high praise for teammate Kai SottoSPORTSBig differenceSPORTSAlmazan status stays uncertain ahead of Game 4Kang — who is his national side’s coach and competes in multiplayer battle game Dota 2 under the moniker “Meracle” — said his belief in his own playing skills was so great he had the courage to do what most would not dare.“I stopped studying and went to pursue this passion of mine,” the 23-year-old told AFP at a Southeast Asian Games boot camp in Singapore, which was organized by the tournament’s eSports partner, gaming hardware company Razer. LOOK: Chilling Adventures of Sabrina Part 3 takes you straight to hell with a Music Video and First Look-Images View comments This photograph taken on September 2, 2019 shows participants attending an Esports bootcamp training session in Singapore. – Teenage gamers worldwide are shunning mainstream education in favor of spending hours tapping away on computers and phones, attracted by a booming eSports scene where prizes at major tournaments reach millions of dollars. (Photo by ROSLAN RAHMAN / AFP)In a country highly focused on academic achievement, Singaporean Galvin Kang Jian Wen did something almost unthinkable — he stopped studying as a teenager to spend more time playing computer games.He defied parental and social disapproval after his high school finals to pursue his dream of becoming an eSports champion, but believes the sacrifice has paid off as he heads with his national team to Southeast Asia’s mini-Olympics.ADVERTISEMENT Francis Kong, Jason Magbanua headline ‘The School for the Passionate, New Bold U 2020’ Taal Volcano eruption: House to develop rehab plan for Batangas, Cavite, Laguna MOST READ Negros Occidental gov’t, church call for prayers for safety of Taal evacuees “Obviously (my parents) were not very happy about my decision because nobody wants their kids to stop studying.”Education pressureHe is the exception, however, in a country known for a strict education system, a focus on getting good exam results and where a growing number of students go on to university or another form of tertiary education.The pressure starts as early as primary school, and critics say it has contributed to the growing incidence of mental illness among the young, although the government is seeking to make things easier through steps like reducing exams.The focus on education and a choice of well-paying jobs in the affluent country mean few are willing to pursue a career in the fledgling eSports scene — Singapore has only around 15 professional gamers.ADVERTISEMENT LOOK: Taal Volcano island 2 days after eruption ‘People evacuated on their own’ “Singapore is very focused on study,” said the country’s eSports association president Ng Chong Geng, recalling how when he gave a talk at a university, not a single student expressed an interest in becoming a professional player.“Now more or less everyone graduates with some sort of degree… If you try to be an eSports athlete you have to give up on a lot of other opportunities.”Players also complain the country’s system of conscription — male citizens undergo two years of national service from the age of 18 — is a hindrance for promising gamers who need time to develop their skills.But after retirement?Kang is not alone among players heading to the SEA Games, taking place in the Philippines in November and December, in having chosen to focus on gaming rather than study.“The thing that most changed me was quitting school so I can play for the whole day, play full time,” said 17-year-old Thai Dota2 gamer Nuengnara Teeramahanon, who quit school aged 16.“I just did not want to study anymore, I just feel like it’s so boring.”However, the lack of qualifications could be a disadvantage for players when they retire, which can come at a young age in eSports. In some games, players can be finished by 23 as their reactions slow.Players from nine countries will compete in six titles at the SEA Games — Mobile Legends, Arena of Valor, Dota 2, Starcraft II, Tekken 7, and Hearthstone.Supporters hope the tournament could be a step towards a spot at the Olympics although that seems unlikely any time soon, with the venerable institution so far unenthusiastic about the discipline. LATEST STORIES Taal Volcano’s lava fountain weakens, but Phivolcs says it’s not sign of slowing down
http://jrnl.ie/3226040 Feb 6th 2017, 5:53 PM Dissident republicans calling themselves the New IRA claimed responsibility for the explosion that caused Ismay’s death. Image: PSNI 6,013 Views Police question 40-year-old in connection with prison officer’s murder in Belfast Adrian Ismay was driving home on 4 March 2016 when a petrol bomb went off after falling from underneath his van. THE PSNI HAVE released a 40-year-old man this evening after arresting him earlier today in connection with the murder of police officer Adrian Ismay in March 2016.Adrian Ismay suffered serious leg injuries when a car bomb exploded underneath his van after it’s thought the device fell off and partly detonated as the vehicle went over a speed bump.Although the 52-year-old father of three survived the blast and returned home, it’s understood he suffered a heart attack soon after as a result of the attack.At the time, a man was charged with the murder. Detective Chief Inspector Geoff Boyce said today:“Detectives from the PSNI’s Serious Crime Branch investigating the murder of Prison Officer Adrian Ismay this morning arrested a 40-year-old-man. He has been taken to Musgrave Serious Crime Suite for questioning.”Comments have been closed as there is reference to a case which is due before the courts.Read: Belfast prison officer Adrian Ismay was murdered by a car bombRead: ‘A day of profound sadness’: The prison officer targeted in Belfast bomb attack has died Tweet thisShare on FacebookEmail this article Share Tweet Email No Comments Monday 6 Feb 2017, 5:53 PM Short URL By Gráinne Ní Aodha Image: PSNI Dissident republicans calling themselves the New IRA claimed responsibility for the explosion that caused Ismay’s death.
4 April 2020, 10:32 Kilkenny teenager Jack Ryan making his mark on the international stage Tags: hickstead, nations cup 3 August 2014, 23:16 ALLEN TAKES 40,000 EURO SECOND PRIZE IN HICKSTEAD GOLD CUP DESPITE an almost perfect first round, the Irish show jumping team of Darragh Kenny, Shane Breen, Bertram Allen and Cameron Hanley failed to maintain their momentum at the Hickstead Nations’ Cup in England today, slipping from equal second to equal fourth at the end of the two-round competition.Facing a daunting USA team that barely put a foot wrong to claim the trophy on just four faults, Ireland also battled against ever-improving Dutch and German teams, whose tally of clear second rounds helped them to take second and third places, respectively.Highlight of the Irish effort was Offaly’s Darragh Kenny, who opened for Ireland with Imothep and recorded the first double clear round of the competition. However, Shane Breen and Golden Hawk left two poles down in their second round after a four-fault first attempt, while 19 year-old Wexford rider Bertram Allen, making his Hickstead Nations’ Cup debut on Molly Malone, failed to repeat his opening clear round, incurring eight faults.Mayo anchorman Cameron Hanley, however, who initially had one fence down with Antello Z, came back in the final round with a zero score. Despite this, Ireland finished on a team total of 12 faults, equal with Belgium.Ireland’s show jumping manager Robert Splaine said after the Nations’ Cup: “We almost did everything right in the first round, but we failed to repeat the performances in the second round, which was somewhat frustrating. With Darragh Kenny’s great double clear on Imothep, we had it within our grasp to deliver a better result. However, this now lays down a marker for Dublin. We know where we stand now, and we’ll have to be good in Dublin.“As always, I want to thank the owners for making it possible for us to bring such a strong team to Hickstead today.”The Discover Ireland Dublin Horse Show hosts the last of the eight legs of the 2014 Furusiyya Nations’ Cup League Division One on August 8th.HICKSTEAD NATIONS’ CUPIrish team scoresDarragh Kenny/Imothep 0/0Shane Breen/Golden Hawk 4/8Bertram Allen/Molly Malone V 0/8Cameron Hanley/Antello Z 4/0TOTAL 12 faults 25 June 2015, 18:58 Breen and Howley in the ribbons on opening day of Hickstead Related news stories 19 June 2015, 12:29 Hickstead to auction off Adventure de Kannan portrait for charity 31 July 2015, 13:33 Breen brothers in the ribbons at Hickstead 27 June 2015, 15:15 O’Connor Second As Irish Revel In Hickstead Class IRELAND FINISHES EQUAL FOURTH IN HICKSTEAD NATIONS’ CUP Home » Disciplines News » Showjumping News » IRELAND FINISHES EQUAL FOURTH IN HICKSTEAD NATIONS’ CUP 1 August 2014, 19:52