By Patricia Pascuzzo, Founder, CSRI Just before Christmas, a Treasury discussion paper suggested an approach on the regulation of superannuation retirement benefits – so called Comprehensive Income Products in Retirement (CIPRs) or ‘MyRetirement’ as Treasury preferred. You might well ask why – after 25 years of compulsory super and thousands of pages of legislation, regulation… Read More
The federal government’s recent deal on reforming superannuation tax concessions may have taken some political heat out of the issue, but the challenge of building a more sustainable retirement income system looms larger than ever, writes Patricia Pascuzzo.
Originally published in the Australian Financial Review on 28 April 2015. It was a quarter of a century ago that Australia led the world in setting up compulsory superannuation. Now, with population ageing, lifespans increasing, public finances stretched and the risk of people outliving their savings growing, the system needs to evolve in response to changing circumstances, writes CSRI… Read More