Treasurer Frydenberg’s long-awaited review of the retirement income system has been broadly welcomed by the industry. Here's a snapshot of what some of the assets owners and advisers think.
Sarah JonesSeptember 30, 2019
The current systemic risk is that members are pushed into portfolios with higher risk than is suitable, for reasons that are more driven by business and career factors, than what is optimally in the member’s best interest.
Chris WestSeptember 30, 2019
In view of the forthcoming review of the retirement income system, it is necessary to think about the level of financial resources needed by Australians in retirement. So, what is the purpose of the system? Currently we do not have a clear objective, says Mercer's David Knox.
Dr David KnoxAugust 28, 2019
A campaign by the Grattan Institute against lifting the superannuation guarantee rate to 12 per cent is based on a “misleading” model, according to a new Mercer report released on Thursday. Mercer senior actuary David Knox said the Grattan findings used a series of assumptions that were not realistic for the average Australian.
Elizabeth FryAugust 1, 2019
A key issue in life-cycle fund design is setting the right ‘glide path’ for switching from growth to defensive assets over time. As it turns out, risk aversion is far more important than pension fund balance.
Geoff WarrenJuly 29, 2019