Developing the retirement income framework

Anthony Asher

Written by Anthony Asher,  Convenor of the Retirement Incomes Working Group, this issue of The Dialogue explores the case to be made for a compulsory longevity risk management element to be added to superannuation products 

To help improve living standards for older Australians, Anthony concludes that:

  • superannuation funds should include a longevity-based product in their retirement income offerings and provide retirees with greater levels of low-cost financial advice; and
  • having products that more efficiently manage longevity risk will result in higher living standards in retirement and better align the superannuation system with its objectives.

The Dialogue is a series of papers written by actuaries and published by the Actuaries Institute. The papers aim to stimulate discussion on important emerging issues.