POWERED BY MOMENTUM MEDIA
Post retirement 'too product-focused’
The post retirement space is too product-orientated to the detriment of quality advice, a corporate adviser believes.
Speaking at Super Review’s Post Retirement and Ageing Forum, Chase Corporate Advisory’s executive director Andrew Gale called for a 'much more sophisticated’ approach to post-retirement, skewed towards the right advice and portfolio construction solutions.
He said a deterministic mentality saw satisfactory post-retirement solutions in around half of retirees, but the benchmark should be raised.
'We need to ask, is 50 per cent enough?’
Gale said a stochastic approach to post retirement would be a better fit for the Australian landscape.
Joining Gale on the panel, NAB Wealth Retirement Solutions general manager Andrew Barnett said the management of products needs to be more effectively managed to fit the changing demographics.
'I don’t think we have a product gap, I just don’t think we use them well enough,’ he said.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
