Retirement Adequacy Remains Unsolved
In Conversation with Sunsuper's Anne Fuchs
The retirement income covenant seems to imply Australia has solved the retirement adequacy problem. But Sunsuper’s Anne Fuchs doesn’t see this reflected in the circumstances of the fund’s members. Segmenting your member base might be a better way to address member outcomes. The scramble among superannuation funds to design a
retirement solution with a suitable income element was given impetus by the federal government’s decision to implement a retirement income covenant. This covenant requires trustees to consider the retirement income needs of their members, expand individuals’ choice of retirement income products and improve standards of living in retirement. It is