andrew barnett

Retirement

MLC’s ten-two rule generates increased contributions from members

A new rule-of-thumb which allows members to quickly estimate their guaranteed income in post-retirement has prompted them to save more, Andrew Barnett, general manager, retirement solutions, MLC has said. The rule takes a members’ account balance, divides it by 10, and then divides the answer by two (five per cent) to give the guaranteed income […]
Retirement

Mercer to launch pooled self-annuitisation product

Mercer is to launch a group self-annuitisation product into the Australian market next week. The full details have not yet been disclosed, but those close to its inception have described it as a game-changing product with two prominent funds linked to it. What is known is that Mercer will pool retirees in an investment strategy […]