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.