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.
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