Australia’s retirement income system has dropped from third to fourth place in the world rankings, attributed to a drop in "adequacy".
Alice UribeOctober 22, 2018
The authors of the Melbourne Mercer Global Pension Index have recommended Australia lift the superannuation guarantee rate and keep citizens working longer.
Sally RoseOctober 24, 2016
A wake-up call for governments worldwide on the need to tackle a looming shortfall in retirement savings has been made by the Global CFA Institute. Using research taken from the Melbourne Mercer Global Pension Index, a CFA report entitled An Ideal Retirement System calls for a more sustainable and equitable distribution of tax breaks as […]
David RowleyOctober 6, 2015
Mercer is applying for a global patent for a group self-annuitisation product that already has three major super funds signed up for launch in 2015. At a fee of 40bps the product is intended to provide better value for money than lifetime annuities where investment gains above the amount needed to meet guaranteed payments are […]
David RowleyOctober 30, 2014
The global shift towards collective defined contribution (CDC) has gathered momentum after the UK government announced its intention to remove legal impediments to their set up last week. In March, Unisuper asked the Financial System Inquiry to consider how the best features of pension systems in the Netherlands and Canada could be emulated in Australia, […]
David RowleyJune 10, 2014
New research from Mercer shows Australia’s after-tax retirement benefits are among the least generous when compared globally. The paper, Tax and Superannuation: Benchmarking Australia against the World’s Best Retirement Systems, also revealed that Australia’s concessional contribution caps, which Mercer says encourage long-term saving, are relatively low by global standards. The study, conducted from December 2012 […]
Amal AwadFebruary 11, 2013