The Retirement Income Review is an opportunity to provide much-needed clarity within the retirement income system, an SMSF technical expert says.

Restrictions on voluntary contributions, as well as the complexities of the retirement income system, are deterring Australians from saving enough for their retirement, the SMSF Association says.

SMSFs play an important role in the retirement income system and should be given due consideration in the Retirement Income Review, the SMSF Association says.

Information collected by the Retirement Income Review should not be used to shore up current problems but improve the system for the long-term, claims SISFA

Using more in-depth analysis to determine the life expectancy of an SMSF trustee can improve the value of retirement advice provided to this cohort, a technical specialist has said.

Anticipated lower returns over the coming 10 years could force some retirees to revise their superannuation pension drawdown strategy, a mid-tier accounting firm partner has said.