Excellent financial advice from super funds will be the key differentiator in serving members post-retirement, according to two of Australia’s largest funds.
Regardless of the product chosen, financial advice must capture tax, and lifestyle issues, say Sunsuper’s Steven Travis and UniSuper’s Alex Aracas.
Speaking at the forthcoming conference on post-retirement solutions for super funds in late April, both Travis and Aracas will be exploring their funds’ extensive advice provisions post-retirement as a way to serve and retain members.
Other speakers at the one-day conference in Melbourne on Tuesday 20 April include the Federal Minister for Ageing, the Hon Justine Elliot.
Elliot, who has been Federal member for Richmond, NSW, since 2004, is responsible for delivering the Rudd Government’s $10 billion annual investment in residential and community aged care.
She was appointed as the Minister for Ageing on December 3, 2007, and will be speaking at the conference on the impact of the ageing population and the need for responsible action between government and private industry.
AustralianSuper’s CEO, Ian Silk, will speak on his fund’s approach to default settings; their analysis of post-retirement products; and the establishment of a suitable post-retirement offering for members.
Annuities can counter equity risk, longevity risk and fees, according to Richard Howes, chief executive of Challenger Life, who will speak on overcoming retirement income shortfalls.
The role of annuities will also be examined by Towers Watson principals Nick Callil and Duncan Rawlinson, who’ll present research which challenges the notion that any one product can provide the ultimate solution for members post-retirement.
Milliman Actuaries practice leader Wade Matterson will explore how Australia’s retirement income shortfall compares with other countries, covering issues of fees, equity risk, longevity risk, and solutions.
For information and registrations please go to the events section of this website.