Retirees 'much worse' off: RBABY JASON CADDEN FOR AAP | TUESDAY, 28 APR 2015 12:30PMLife is not going to get easier for self-funded retirees as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says.
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If "yields on investments [are] the 'lowest ever in human history' ", why doesn't the government reduce the current minimum amount that must be withdrawn from retirement income stream products to help preserve the value of such accounts?