Long-term analysis shows retirees are more reliant on the age pension than recent reports suggest, according to an industry research group.

Advisers will be given free access to a new tool from Vanguard Australia that models retirement income based on a total return investment approach.

Price increases returning to normal after the easing of COVID-19 restrictions has resulted in a rise in the cost of living for retirees in recent months.

The compulsory superannuation system has been so focused on the accumulation phase that many people are unsure how to use their savings in retirement.

Time frames based on a better understanding of retiree longevity are crucial to providing adequate retirement planning advice, a technical expert says.

The Retirement Income Review finding that improving people’s understanding of three key elements of the current system will lead to better decumulation outcomes has been endorsed during an industry discussion forum.