In this age of dislocation and disruption, retirement requires a radical rethink to meet the futures needs and challenges of members’ retiring in the 21st century. Past notions of retirement will no longer cut it as retirement is now being reset so that it is fit for purpose.
The OECD recently warned that the community’s belief that pension systems will deliver on their promises has been eroded. Mercer's David Knox says this has dented confidence.
David KnoxMarch 9, 2020
Mercer has called for a universal age pension, scrapping the means tests and keeping the superannuation guarantee at 9.5 per cent in its Retirement Income Review submission. This would be a blow for many super funds especially those with flat or negative inflows.
Elizabeth FryFebruary 12, 2020