The Final Report of the Retirement Income Review was recently released (20 November 2020) by Treasury which covered the current state of the retirement income system and how it will perform in the future as Australians live longer and the population ages.
As part of the SMSF Adviser Show, co-hosts, Aaron Dunn and Miranda Brownlee as co-hosts are joined by Jeremy Cooper, the chairman of retirement income at Challenger and also the chair of the Super System Review back in 2010.
In the podcast, we delve into one of the biggest issues covered in the final report around retirees efficiently consuming capital, some of the behavioural reasons for retirees holding on to large sums of money throughout retirement including fears over healthcare costs and market shocks. Jeremy also shares some predictions on what policy changes may be considered in the future to encourage retirees to sustainably draw down their retirement savings.
Author: Aaron Dunn
Aaron is a well-known identity within the SMSF sector and is seen as a trusted source for professionals to learn more about SMSFs and the direction of the sector. Aaron's insights into both technical and practice-based issues within the SMSF industry sees him regularly sort out to participate as a key stakeholder across regulatory and policy issues.
Aaron was awarded the SMSF Association Chairman's Award 2023 for his outstanding contribution to the SMSF sector, having made a significant contributions to sector growth and sustainability, measured against the values of leadership and sustainability.
As an SMSF specialist and CPA with more than 25 years experience, Aaron is the CEO and Co-founder of Smarter SMSF, a specialist business that provides technology-based solutions to educate, automate and simplify the complexities of SMSFs to accountants, financial advisers.
A lover of sport, in particular AFL football (Essendon) and athletics, Aaron was previously a nationally ranked high jumper having set a personal best jump of 2.14m.
