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.

The absence of new annuity products reflects a lack of alignment with the needs of retirees from products providers.

Self-funded retirees have welcomed the Retirement Income Review final report as a necessary, fact-based appraisal useful for creating new policies.

Retirees’ cost of living and spending rose during the September quarter despite the effects of the COVID-19 pandemic becoming less pronounced.

The federal government has highlighted findings from the Retirement Income Review final report that the current model is adequate and functional.