Patricia Pascuzzo The crisis of public confidence in the financial planning industry, intensified by the revelations at the Haynes Royal Commission, provides the starkest case yet for a consumer-centric approach to meeting Australia’s retirement income challenge. Australia’s defined contribution superannuation system asks individuals to manage financial risks beyond their capability. You might think that the… Read More
Habitual policy tinkering, in place of systematic and holistic policy formation, is exacerbating the difficulties Australians face in planning for their retirement and is undermining public confidence in the system, writes Patricia Pascuzzo in arguing for a holistic approach.
If Australians are not to live unnecessarily frugally in retirement and the government is to reduce dependence of retirees on the public purse, upcoming decisions on the means testing of longevity products will be critical, writes Patricia Pascuzzo.