No compulsion on retirement income: O'Dwyer
The government is close to releasing a new discussion paper on comprehensive income products for retirement (CIPRs), says Financial Services Minister Kelly O'Dwyer – but retirees will not be "forced" to use them.
Speaking at a Committee for Sustainable Retirement Income leadership forum in Canberra yesterday, Financial Services Minister Kelly O'Dwyer said the government will allow super funds to "pre-select" retirement income products for their members.
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