Helping someone plan for retirement involves assessing different strategies and retirement products. Naturally, when considering the most suitable solution, it is important to estimate how long the person could live, and the best plan to fund this period. Retirement calculators should include a lifespan assessment that is fit for purpose.
In this part 2 of a two-part series, Colin Grenfell, of the Institute's Superannuation Projections and Disclosure ('SPD') subcommittee, continues to provide an insightful assessment of hypotheses on defined contribution superannuation plans and setting the Superannuation Guarantee.
This latest Dialogue paper written by Andrew Boal, and published by the Actuaries Institute, argues that the current taper rate creates a potential ‘trap’ for retirees who don’t draw down and spend their retirement savings fast enough.
In the first of a two-part series, Colin Grenfell, of the Institute's Superannuation Projections and Disclosure (SPD) subcommittee, provides an insightful assessment of hypotheses on defined contribution superannuation plans and setting the Superannuation Guarantee.
Posted 17 December 2019
