Lack of income stream drags local retirement system: ReportBY JAMIE WILLIAMSON | WEDNESDAY, 18 OCT 2023 12:47PMAustralia's retirement system has received a B+ grade in a study of nearly 50 nations, with the lack of a compulsory retirement income stream being what holds it back. Related News |
Editor's Choice
Brookfield Oaktree to further democratise alternatives in Australia
Local investors will get access to Brookfield Oaktree Wealth Solutions' global private credit strategy later this year, with plans to launch it as a unit trust.
Retail funds drive down admin fees: KPMG
Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows.
DWS names APAC chief investment officer, real estate
DWS appointed Matthias Naumann as chief investment officer, real estate in Asia Pacific as a sign of its ambitions in the region.
Employees will quit on full return-to-office orders: Survey
Financial services professionals will threaten to quit if they are forced to go into the office five days a week, a Robert Walters survey finds.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
What a croc! How on earth would taking away members freedom to choose how they deal with 'THEIR' own money in retirement possibly be a positive for our super system! This bs report smacks of massive conflicts of interest and should be tossed in the bin! Such a change would only benefit greedy product providers and authoritarian governments/bureaucrats bent on controlling every aspect of peoples lives who like to think it's their money and not the members! In the famous words of Daryl John Kerrigan "tell em to get stuffed!"
Superannuants have already voted on this by placing the vast majority of pension funds in products since forever that allow them maximum income and capital flexibility. If compulsory pension products are the 'best' way then the public would choose them more often now from the many providers that offer them already! If we want a great super system then choice has to remain at the core of it. I would rate compulsory systems at the very bottom of any 'Super Index!'