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Retirement: Start with the Consumer

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

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Retirement Income: Focussing on the endgame

By Patricia Pascuzzo The government’s proposed My Super “outcomes test” for superannuation trustees running default accumulation funds is significant. It could finally provide the means to nudge trustees toward developing effective comprehensive income products for retirees (CIPRs). Until now, criticism of Treasury’s proposals for CIPRs has risked overshadowing the ends of long-term policy reform with argument over means. But the move to improve superannuation governance to… Read More

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Taking the Long Term View

In 2016, CSRI carried out a comprehensive review of the retirement income system, building on the findings of the work of the Murray review, the Cooper Review and the Henry Review.  This was a collaborative effort involving industry, consumers, government and academia. The aim was to develop long term policies to create adequate and sustainable retirement… Read More