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. Related News |
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Featured Profile
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.
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[are] the 'lowest ever in human history' ", why doesn't the government reduce the current minimum amount that must be withdrawn from retirement income stream products to help preserve the value of such accounts?