The Retirement Conundrum
Welcome to my emagazine called The Retirement Conundrum. In Australia the debate around superannuation and how it should provide income in retirement is developing swiftly. I want to foster and hasten these moves. I trust you find these articles of interest and will contribute to your understanding of these significant issues for members of superannuation funds and society overall. I will continue to update this magazine with articles that sparked my interest.
- Although I have not read the report in full, this result does not surprise - personalised service on top of automated advice would be a critical factor of many HNW's
- Spot on about the questions that couples need to ask eachother, but remember you do need to anwer them and discuss how any differences can be managed. That could be difficult!!
- Impressive improvement in returns from a 30 year simulation
- Realistic concerns on low balance retirees and their need for a CIPR...
- Comments about Rice Warners submission on CIPR covenant. I read the Rice Warner submission and it is broadly supportive of CIPRs. They want some compulsion if CIPRs are mandated to be provided by Trus …
- A critical review of the Retirement Covenant Position Paper by FPA, linking the Royal Commission and Productivity Review as reasons not to proceed with the Covenant. That misses the point that Trustee …
- Interesting change to the lifecycle approach - implementation would be the key as well as minimising name duplication between the 2 equity pools....
- Interesting that trust is so difficult to build for robos (and therefore their use is minimal), but half of the survey respondents think that having the right technology tools in 3 years time will be …
- Well done again Jeremy Cooper - every fund needs a retirement income philosophy, and then to act to fulfill the promise. Needless to say - Income Is The Goal !!
- “Ambachtsheer’s letter” is full of sensible system wide policy objectives that should be implemented across many jurisdictions
- “Fifty per cent of retirees are likely to outlive their savings by more than five years” now thats a frightening statement from Mercer.
- Reasonable suggestion that the ratio of working years to retirement years should never be below 2:1 and probably should be higher
- Good analogy for the pension industry - we are all playing a game on the same pitch, but it appears to this author that none of the protagonists are playing the same game...... worth a read
- Went to the source here and found it was a survey of 138 people and the following quote........ "Distinguishing between people who were initially more engaged or less engaged with their superannuation …
- Thats not what the government wanted to hear...
- Confirms my view that we need to take a holistic approach to retirement, considering how assets are declared in or out of the pensions assets and incomes tests, and the impact that has in income
- Regulatory progress........
- Policy disaster ..... how can it be possible for a Liberal govt to get policy settings so wrong? 2017 changes tell people not to save unless they can get at least $1.05 mill. Crazy!!
- “AMP is poised to launch a goals-modelling engine ......
- Milliman with some good questions about the set up of CIPR's..... but cant help feeling that allocations based on some information is better than blind defaults.
- Interesting analysis by SuperRatings on funds economies of scale and the need to merge.....
