Inconsistencies across RIC strategies: MercerBY ANDREW MCKEAN | FRIDAY, 16 SEP 2022 12:37PMMercer analysis of publicly available retirement income strategy summaries shows a great disparity between super funds' approaches. Related News |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The RIC may be causing problems for super funds. Yet they are in the enviable position of being able to influence their older members (and their partners) in making the best of the rest of their lives, through longevity planning. This prepares them to deal with the decisions around the age of entitlement to the age pension, which has become the proxy for 'entitlement to retire'.
Longevity planning also builds relationships and provides the holistic basis for decisions covering work and other activities, where to live, and for better member health, financial and estate planning choices immediately and down the track. It provides the common ground for all advice.