Over the past 30 years the percentage of living expenses the age pension covers has dropped from 90 per cent to 37 per cent. With no guarantee this will continue going forward, we’ve collaborated with BT Financial Group, featuring insights from ASFA and McCrindle Research, to explore solutions to this challenge and understand what’s really at stake.
“The challenges of retirement planning are greater than they’ve ever been; not only are we living longer, our expectations of lifestyle today are vastly higher and the pension contributes significantly less,” Jessica Brady, head of licensee development, BT Group Licensees said.
“In producing this series with No More Practice Education, we want to ignite the retirement planning conversation and highlight the vital role advice plays in giving people the retirement they deserve.”
Watch the retirement planning videos to discover what you can do today to assist your clients to live the tomorrow they want.
Solutions to Australia’s retirement crisis
Financial advisers have a key role to play in addressing retirement planning challenges, and ensuring their clients live comfortable and dignified retirements. No More Practice Education in collaboration with BT Financial Group explores common retirement challenges and the strategies you can apply to help both accumulator and retirement stage clients prepare and save.
The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.
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With consultation for ASIC's affordable advice inquiry closed, a question has now arisen as to why submissions aren't available publicly.