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.

On 2 October, Treasury released draft regulations to implement the 2018 federal budget announcement that the ability to make contributions would be extended for recent retirees. These are currently available for consultation (with the consultation period to end on 26 October) and, assuming no issues emerge, they would be expected to become law shortly thereafter and take effect, as planned, from 1 July 2019.