Certain characteristics currently embodied in the retirement savings framework, such as fund diversity and the system’s sole purpose, need to be maintained, according to a panel of senior executives.

The superannuation industry peak body has called out the Grattan Institute for launching an unprecedented attack on the retirement savings of ordinary Australians.

Super decumulation is a live debate in Australia and policies formulated in the next few years will set the stage for the issue here, according to academics.

Retirees who do not own a home may need to find an additional $500,000 in their super to fund their rent, raising questions over advice given to them about super, according to new research.

Members of generation Z are most likely to ask friends and family for retirement advice, while baby boomers are most likely to be asked for advice, according to Roy Morgan.