The cost of living for retirees has continued to increase off the back of higher prices, but has been in part offset by an age pension boost.

Retirement modelling should incorporate a set of fundamental principles that make future projection more meaningful and tied to actual experience.

Retired investors could reap considerable long-term benefits from the predicted rise in interest rates invoked as a counter-inflationary measure.

The cost of living for retirees increased by the highest rate for a decade during 2021 due to price rises on non-discretionary purchases.