Retirement incomes regime – a work in progress
Despite a succession of minor Budget initiatives, Australia is still a good way off from settling the shape of its retirement incomes regime.
The creation of a viable post retirement regime in Australia remains a work in progress.
Despite expressions of intent on the part of the Federal Government and minor initiatives within successive Federal Budgets, the choices available to Australian retirees are almost as limited in 2018 as they were in 2015 and disagreement continues over proposals such as a one-size-fits-all MyPension or MyRetirement approach.
This Money Management Retirement Incomes Guide reflects the reality that the Australian retirement incomes regime represents a work in progress; that translating the relative success of superannuation accumulation to decumulation is proving to be a challenge for both the financial services industry and Government law-makers.
