The SMSF sector should be seen as a prototype demonstrating how Australians can be better serviced in retirement by super funds, an industry body leader has said.

The cost of living for retirees accelerated during the December quarter, the latest ASFA Retirement Standard has revealed.

The Retirement Income Review is likely to lead to more changes to the superannuation system, but these changes should improve the overall strength of the system in the long term, the head of an industry body has predicted. “In the short term I think [the Retirement Income Review] is likely to lead to more change, […]

The latest submissions to the Retirement Income Review have deemed major system reform unnecessary.

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.