Frontier calls out structural super fund flawsBY ANDREW MCKEAN | MONDAY, 30 OCT 2023 12:49PMFrontier Advisors contends that superannuation fund designs inadvertently minimise retirees' income, contravening funds' obligation to provide the best possible outcomes for their members. Related News |
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
Inertia is not a structural problem. In Canada most pension plans ( we call them super funds) offer lifetime incomes which offset longevity risk. Australians generally don't understand this risk - which is the greatest risk post- retirement.
Australian super funds can and do now offer lifetime pensions. These are Account Based Pensions which also offset longevity risk