Grattan says Aussies retiring comfortably, ISA respondsBY KANIKA SOOD | WEDNESDAY, 7 NOV 2018 12:23PMAustralians are retiring with more than enough, according to new research from Grattan Institute but ISA and ASFA don't agree. Related News |
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Shail Singh
LEAD OMBUDSMAN INVESTMENTS AND ADVICE
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
To be successful as Australian Financial Complaints Authority's (AFCA) lead ombudsman for investments and advice, one requires empathy, impartiality, and rationality. Shail Singh shares how he also uses legal and financial advice expertise to help consumers, small businesses, and member firms. Karren Vergara writes.
It would be newsworthy if Grattan had anything positive to say about super.
If the calculation of 91% of pre retirement income is correct, it is an argument for a harsher means test, not softer.
GIven the ABP minimum drawdowns, retirees need an investmwnt tail wind to leave a legacy larger than when they started (particularly after tax).
Nevertheless, the intergeneration transfer needs to be tackled.