Knowledge@ASB: Age Old Risks: Bring on Annuities Before It's Too Late!

With A$1.3 trillion invested in superannuation funds, Australians have been told they are world leaders when it comes to retirement savings. But here's a reality check. Overall, the management of retirement assets in Australia is poor due to risks in the super system and the lack of annuities, says international expert David Blake, director of the Pensions Institute at the UK's Cass Business School. A guest speaker at the Longevity 6 Conference, hosted by the Australian Institute for Population Ageing Research, Blake joins Michael Sherris, a professor in actuarial studies at the Australian School of Business, in outlining the need for further reforms.