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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