The government needs to rethink the “retirement ecosystem” to make it easier for people to obtain targeted support when planning for retirement, a paper published by the Actuaries Institute has
This goes against suggestions flagged by Treasury and pushed for by rival funds that older customers could be defaulted into retirement products this week.
The proposal that SMSFs be included in the Retirement Income Covenant could pose some challenges regarding how historical overlaps would be addressed, says a leading adviser. Aaron Dunn, CEO of Smarte
Two actuaries have urged for an overhaul of the current retirement framework to better prepare Australians for the future and improve the accessibility of general financial advice.
The government has been encouraged to create a regulatory framework that empowers superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC).