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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes