Retirement

Report

18 Sep 2017

This report presents results from several quantitative simulations of the impact of wage suppression on superannuation entitlements of affected workers, their long-run retirement incomes, and corresponding fiscal effects on government. The report considers several specific scenarios, corresponding to different instances of pro-active wage suppression strategies...

Briefing paper

21 Aug 2017

On 8 June 2017, 24 representatives from resident advocacy groups, universities, industry, ombudsman schemes, government agencies and regulators met in Melbourne at an Experts’ Forum to discuss the future of retirement housing regulation in Victoria.

Report

20 Jul 2017

Universal superannuation is a vital part of a system designed to give Australians a decent standard of living in retirement. But for millions of women, superannuation is failing. In a significant research collaboration, Per Capita and the Australian Services Union have sought to lift the...

Report

29 May 2017

In its superannuation policy for the 2013 election, the Government stated that it would review both the minimum withdrawal amounts for account-based pensions and the regulatory barriers currently restricting ‘the availability of relevant and appropriate income stream products in the Australian market’.

The then...

Commentary

Article

19 Apr 2017

A recent report by the Australian Institute of Superannuation Trustees raised concerns about the erosion of retirement income by ongoing rental or mortgage payments.

The report by the Australian Institute of Superannuation Trustees is timely, given the Australian aged pension system is predicated on...

Draft report

29 Mar 2017

An efficient superannuation system is critical to help Australia meet the economic and fiscal challenges of an ageing population. The superannuation system has accumulated over $2 trillion in assets. Given the system’s size and growth, the system is of central importance to funding the economy...

Research report

23 Mar 2017

Australia’s retirement income system has long implicitly taken it for granted that the vast majority of retired people will have very low housing costs – in turn reflecting a presumption that most of them will own their own homes, and will have fully paid down...

Commentary

Article

22 Mar 2017

The Victorian government’s announcement of an early retirement scheme aimed at redeploying some workers (losing their jobs due to the Hazelwood power station closure) to another power generator in the Latrobe Valley has been welcomed in many quarters. It is considered smart politics and policy,...

Research report

7 Mar 2017

Victoria’s population is ageing and causing significant growth in demand for retirement housing. At the same time, residents have heightened expectations about the services that will be delivered.

This creates a range of challenges for government and industry, and also prompted significant public interest...

Audio program

7 Mar 2017

Morning Report put together a panel of under 45s to talk about the new policy to increase the age of entitlement for the pension from 65 to 67.

On the panel: Maori political commentator Morgan Godfrey (25), political blogger and director at Piko Consulting...

Audio interview

2 Nov 2016

New research suggests older Australians may be heading into retirement with a much bigger nest egg than commonly thought.

The report, by investment management firm Challenger, finds average household super wealth for those nearing retirement is close to $500,000. Given we're also living longer...

Research report

8 Oct 2016

The proportion of aged persons in Australia is set to increase significantly, posing many challenges. Amongst these is the growing number of households who lack housing security in retirement. The Age Pension in Australia is set at a comparatively low rate compared to other developed...

Article

2 Oct 2016

So much of the national conversation about superannuation simply assumes that 'savings for retirement' is synonymous with 'superannuation savings.' This is a big mistake.

The reality is that superannuation savings account for only a small portion - about 15% - of the wealth of...

Working paper

30 Sep 2016

The number of self-managed superannuation funds (SMSFs) has grown at more than 5% p.a. over the past five years. The net growth rate consists of 7% new SMSFs and 2% closures. More than 570,000 SMSFs now serve over one million members but little is known...

Working paper

30 Sep 2016

Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one third of retirement savings in Australia, and serve over one million members. The number of SMSFs has increased to more than half a million in two...

Website

27 Sep 2016

In the 2016‑17 Budget, the Government announced a package of reforms designed to improve the sustainability, flexibility and integrity of the superannuation system. It set out a clear objective for superannuation: ‘to provide income in retirement to substitute or supplement the Age Pension’, which guided...

Research report

20 Jul 2016

Commenced in 2001, the Household, Income and Labour Dynamics in Australia (HILDA) Survey is a nationally representative longitudinal study of Australian households. The study is funded by the Australian Government Department of Social Services (DSS; previously Families, Housing, Community Services and Indigenous Affairs) and is...

Research report

1 Jun 2016

Over the next two decades the number of people in Australia aged over 75 will double. The generation of baby boomers (those born between 1946 and 1964) is often described in aggregate as the wealthiest and potentially healthiest generation in Australia’s history. Many have suggested...

Journal article

9 May 2016

All Commonwealth, state and territory judges in Australia are subject to mandatory retirement ages. While the 1977 referendum, which introduced judicial retirement ages for the Australian federal judiciary, commanded broad public support, this article argues that the aims of judicial retirement ages are no longer...

Working paper

29 Feb 2016

We investigate retirement saving decisions through interviews and a broad survey in four countries that investigates what influences changes in savings behaviour. We identify a number of previously unidentified factors that are associated with increased savings. We find that approximately 40% of the respondents in...