Our aim is to provide thought-provoking insights and research to provide everything you need to help understand this new breed of retirement income stream products and how they can help provide Australians with the long-term security they need.
We have crunched the numbers - so you don’t have to.
Currently the prevailing product offered by Australian superannuation funds to retirees is an Account Based Pension. But withdrawing too much in the early years creates a risk of exhausting funds prematurely, leaving members struggling to make ends meet. So how can members receive an income for life that is designed to increase over time?
With two years of considerable discussion around the provision of new retirement income products, savvy trustees are realising it’s the perfect time to integrate retirement income products into the mix.
Almost a quarter of seniors aged 75 to 79 have run out of savings. Hear more from Optimum Pensions and how they are innovating a retirement income that lasts for life – irrespective of how long the retiree lives.
David Orford, the founder and owner of Optimum Pensions, is also the principal architect of the product.
Ever since the introduction of Australian Life Tables by the Australian Government Actuary in the 1880s, the longevity of Australians has been consistently improving.
With decades of expert actuarial experience, plus the creation of a highly valuable supertech outfit, David Orford reviews the current risks financial advisers are taking with a traditional approach to helping clients prepare for retirement by using the Australian Life Tables.