Life Annuities and Legacy Products
Legacy products are those that are no longer sold but are costly to administer and can offer poor value to customers who may be stuck in them. I am…
Legacy products are those that are no longer sold but are costly to administer and can offer poor value to customers who may be stuck in them. I am…
As Australia's population ages, issues have been recognised in the superannuation and pension systems. Anthony Asher gives an update of what the Retirement Incomes Working Group is doing to make positive changes to the current systems and guide future product design.
Anthony Asher, Associate Professor at the School of Risk and Actuarial Studies at UNSW, writes about the sort of pension product that he would like to see developed now that SIS regulations have been modified to allow development of more flexible products.