Retirement

Retirement

Moral outrage at super system ‘justified’: Daley

The former Grattan Institute CEO isn’t pulling any punches in his assessment of the “sharp knife” that is our super system. The “20 to 30” billion dollars it costs to run our retirement savings each year may be terrific for people working in the industry, he says, but not for the rest of the country.
Retirement

Amundi dusts off crisis playbook

Raphael Sobotka, global head of retirement solutions at the $2.8 trillion global asset manager, said his team had not experienced any net redemptions since the outbreak of the coronavirus roiled financial markets.
Retirement

Coronavirus crisis highlights drawdown risks

The extreme market volatility caused by the current crisis is a powerful reminder of the importance of guaranteed income for retirees and throws into sharp focus the problems that super funds will face as retirees draw down their savings, says Challenger investment chief, Chris Plater.
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