Equipping professional accountants for sustainability
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A retirement policy advocacy group has highlighted the disincentives that exist in the government’s current system to self-fund a comfortable retirement, suggesting this should be a key area of focus in the coming review of retirement incomes.
The Alliance for a Fairer Retirement, comprised of representatives from consumer groups and financial services industry bodies including the AFA and Australian Investors Association, moved to welcome the government’s announcement of the review last week, while pointing out that the retirement system should “ensure incentives are in place to encourage those who can save for an independent retirement to do so and avoid disincentives”.
Read more at the Accountants Daily.