The Government has adopted all but one of the 44 recommendations of the Financial System Inquiry (FSI) all of which had received wide support as being necessary policy changes. Overall the net result should: Strengthen the resilience of the financial system Lift the value of the superannuation system and retirement incomes Modestly promote some more competition Lead to… Read More
Murray Response: More Work Needed.
Originally published in the Australian Financial Review on 26 Oct, 2015. “The Turnbull government’s response to the Murray Report includes some useful first steps towards a more coherent, effective and sustainable retirement income system. But there is much more to be done.” Fortunately, Turnbull’s recent positive language emphasising workforce participation, savings and investment, productivity and… Read More
New Products Needed
Australia should consider creating a proper lifetime income product that would allow super to cover us all for living longer and maybe should even make it mandatory, writes ANU Public Policy Professor and CSRI member Andrew Podger. Australia’s retirement income system has great potential. By the time it matures, it will deliver accumulated savings for… Read More
