Distrust is super's biggest challengeBY JAMIE WILLIAMSON | WEDNESDAY, 15 FEB 2017 11:59AM The biggest challenge facing the superannuation system is the distrust millennials have in the financial services industry at large following years of scrutiny. Related News |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
As a former adviser, I am aghast at the fact that Superannuation members are not provided with an indication of the potential income they may receive from their existing benefits at a particular age - perhaps 65 with suitable comments regarding accounting for inflation and other elements necessary to providing the estimate.
Lump sums mean nothing in the real world.