Relieving members of the longevity risk burden

Relieving members of the longevity risk burden

In Episode five of the Pension Policy Series, Allianz Retire+ chief executive David Kane joins Conexus Financial co-acting chief executive and editor-in-chief Aleks Vickovich to assess the commercial landscape for retirement income solutions across super and advice.   Retirement remains only a small part of Australia's $4.5 trillion superannuation pool, and Kane says funds have been slow to implement the Retirement Income Covenant, and many responses to date have been cut-and-paste. Funds have built strong accumulation capability over more than three decades, but they lack the balance sheets to guarantee retirement income, raising the prospect that without the right solutions, members may be left carrying longevity risk themselves.

Surveying the state of the retirement market

For more than three decades, the superannuation system has served members well as they accumulate savings during their working lives. Now funds are grappling with the task of helping members make the best possible decisions to ensure their income lasts long enough so that they can enjoy a dignified retirement. Join editor of Retirement Magazine, Simon Hoyle, in conversations with leading figures in the retirement space as they discuss the major issues funds must solve, and the progress that’s being made. In this episode of the Pension Policy Series,The Conexus Institute executive director, Dr David Bell, and research fellow, Dr Geoff Warren, take a deep dive into the state of the retirement market, with insights drawn from their industry-standard State of Super Report.

What next for retirement policy reform?

For more than three decades, the superannuation system has served members well as they accumulate savings during their working lives. Now funds are grappling with the task of helping members make the best possible decisions to ensure their income lasts long enough so that they can enjoy a dignified retirement.  Join Retirement Magazine editor Simon Hoyle in conversations with leading figures in the retirement space as they discuss the major issues funds must solve, and the progress that’s being made.  In Episode 3 of the Pension Policy Series, The Conexus Institute's executive director Dr David Bell and research fellow Dr Geoff Warren provide an outline of what they see as the next areas of retirement income policy most in need of reform.

The Conexus Institute’s to-do list for policymakers and regulators

Hear what The Conexus Institute executive director, Dr David Bell, and research fellow, Dr Geoff Warren, have to say about what the key legislative reforms currently in the pipeline are that need to be expedited by the government to support funds in their development of better outcomes for members.

Defaults, decumulation and democracy

In the first episode of the new Retirement Magazine  Pension Policy Series podcast, Opperman warns that Australia has millions of people “coming over the hill” into retirement with no plan to manage it. The Retirement Income Covenant alone is not enough – he says a strategy without implementation is meaningless, and that there is “a problem on advice and guidance”.