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Pension systems and ageing populations at crossroadsBY DARREN SNYDER | MONDAY, 24 OCT 2016 12:12PM
Mercer senior partner David Knox is warning increased pressure will be placed on global retirement systems if government policies do not adapt to ageing populations and declining birth rates.
Read more: Australia, David Knox, Research, Melbourne Mercer Global Pension Index, Australian Centre for Financial Studies Professor Rodney Maddock, Americas, Argentina for, Asia-Pacific, Australians, Denmark, Europe, Malaysia
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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