Rice Warner White Paper submission: ‘For Richer, For Poorer – Retirement Incomes’

In 2012 the Actuaries Institute published its ground-breaking report ‘Australia’s Longevity Tsunami – What Should We Do?’ which identified major financial implications for governments and individuals ignoring significant increases in life expectancy.

This new report ‘For Richer, For Poorer – Retirement Incomes’ is a unique assessment of the superannuation system, comparing the nature and quantum of future retirement incomes of those belonging to different wealth and generational groups. This raises important questions; is the system working? What is it for – to build a nest egg or provide an income stream? Should that stream provide a modest or comfortable living standard? How will future generations fare after saving for their retirement and also paying for the Age Pensions of the baby boomers?

Please click here for the full ‘For Richer, For Poorer – Retirement Incomes’ White Paper.