Testing

  • investment linked lifetime annuity

    investment linked lifetime annuity

    investment linked lifetime annuity

    investment linked lifetime annuity
  • Generation Life Online

    Generation Life Online

    Generation Life Online

    Generation Life Online
  • Test 3

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse et urna sit amet sapien ullamcorper bibendum eu porttitor nisi. Nulla tincidunt sapien quis ipsum semper luctus.

    Test 3

  • Test 4

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse et urna sit amet sapien ullamcorper bibendum eu porttitor nisi. Nulla tincidunt sapien quis ipsum semper luctus.

    Test 4

Test 6

A thought leadership publication for financial advisers, exploring Australia’s retirement income landscape, the income solutions available to retirees, challenges retirees are facing and the opportunities ahead for the industry following the Government’s Retirement Income Review.   

Australia excels at a lot of things and one of these things is our ability to save for our retirement.

According to the Government’s Retirement Income Review, in mid-2019 we had around $2.9 trillion in our superannuation accounts – that’s roughly one and half times the value of our annual gross domestic product (‘GDP’). By 2038 we’re projected to collectively have well over ten trillion in our national retirement savings funds.[1]

Thanks to industrious citizens, government policy, a resilient economy and good share market returns we have met the challenge of saving for the future.

What we are not so good at managing is how we spend that money - how we help our citizens enjoy their retirement. Our Retiring with confidence: The evolving retirement income landscape thought leadership publication is written for financial advisers, looking at current retirement income solutions and the opportunities now available following the introduction of the Innovative Superannuation Income Streams legislation in 2017 and the spotlight provided by the Government’s Retirement Income Review.

Now is the time to be engaging your clients on their retirement goals and objectives, and working with them to design a comprehensive retirement income plan to meet these objectives and providing them with the confidence to enjoy their retirement.

[1] Dynamics of the Australian Superannuation System, Deloitte Actuaries & Consultants,  https://www2.deloitte.com/au/en/pages/financial-services/articles/dynamics-australian-superannuation-system.html, published November 2019

Test 7

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse et urna sit amet sapien ullamcorper bibendum eu porttitor nisi. Nulla tincidunt sapien quis ipsum semper luctus. 

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse et urna sit amet sapien ullamcorper bibendum eu porttitor nisi. Nulla tincidunt sapien quis ipsum semper luctus. 

  • Around 500,000 Australians intend to transition into retirement over the next five years, joining the 3.9 million already in retirement?[1]
  • According to the Government’s Retirement Income Review, in mid-2019 we had around $2.9 trillion in our superannuation accounts.
  • By 2038 we’re projected to collectively have well over ten trillion in our national retirement savings funds.

[1] Australian Bureau of Statistics, Retirement and Retirement Intentions, Australia - Retiree statistics and the retirement plans of people aged 45 years and over, issued May 2020

Many people:

  • Only draw down the Government mandated minimum from their account-based pension.
  • Feel they can only afford to draw the income from their retirement capital, rather than seeing the underlying capital as money they can spend.
  • Invest to protect, rather than grow their capital.
  • Spending is highest in the earlier years of retirement, when a retiree is healthier and more active. May retirees may have a ‘bucket’ list of activities and experiences that they have been looking forward to ‘ticking off’ in retirement.
  • What retirees spend their money on changes as they get older.
  • Retirees generally over-estimate their future health costs.
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