Longevity risk will be playing a bigger part in retirement planning as the latest Australian Government Actuary data has indicated morality rates among Australians are continuing to fall.

Knowing what a successful retirement looks like to a client and having measures to determine whether these objectives have been achieved are critical to formulating a prudent strategy for this stage of life, a technical specialist has said.

The COVID-19 pandemic has resulted in a dip in the cost of living for retirees, the latest ASFA Retirement Standard has revealed.

The debate on how to fund retirement income needs to focus on adequacy issues first, while keeping in mind it is wholly funded by taxpayers.

The COVID-19 pandemic’s effect on investment markets will force retirees to consider capital pools with regard to their income requirements, a senior financial services executive has said.