Jeremy Cooper: Rethinking retirementBY JAMES FERNYHOUGH | THURSDAY, 29 MAY 2014 11:30AMChallenger's Jeremy Cooper talks to FS Super associate editor James Fernyhough about retirement income, challenging some widely-held beliefs about the drawdown phase of superannuation. Related News |
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.







Great thinking, but oh so late. We have always had an accumulation system in Australia. Some other countries (no need to mention names as it may cause comments of "We are in Australia now", talked only of income at retirement.
Accumulation systems get raided at retirement which defeats the purpose of having superannuation.
What we need to do is to organise proper income funds that will last for the rest of life. This was talked about some 40 to 45 years ago, but the government never wanted to move on it.
Will they now?