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Australia's superannuation savings may be the envy of the world with
A$1.23 trillion now in the pot to help its ageing population live more
comfortably in retirement. But Australia's approach to retirement saving
is only half right, according to David Blake of the UK's Pensions
Institute, who spoke at a recent Australian School of Business
conference on longevity risk. Substantial super savings may have helped
the nation to weather the financial crisis, but they will not go the
distance as people live increasingly longer lives. It's time for Aussies
to hedge their risks, and annuities are the way to go.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12