Guided choice framework needed for better retirement outcomes
“It does not replace financial advice but sits alongside advice channels.” Dunn said trustees would first need to identify a set of member cohorts and the retirement solution likely to best suit members in those cohorts. These cohorts would be based on age, gender, and balance. Then, considerations that needed to be identified were: Members value income and estate value – solution need to balance providing income for life for those who lived a long time, with the desire to pay beq...
Source: moneymanagement.com.au