Blog: Drawdown lessons from Down Under

Drawdown lessons from Down Under

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Are we living in a country whose pension system is moving away from guaranteed income for life just as the clever money is moving in, asks Stephen Lowe

"This is the man who put a million on black and it came up red; who married a sex kitten just as she turned into a cat; who moved into gold just as the clever money moved out. This is the man who drives a Volkswagen. Everyone must have something in life he can rely on." The words of this classic 1980s car advert still make me smile. They also make me wonder, are we living in a country whose pension system is moving away from guaranteed income for life just as the clever money is moving in? Before Christmas, a far-reaching report from the inquiry investigating weaknesses in Australia's...

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