Knowing what a successful retirement looks like to a client and having measures to determine whether these objectives have been achieved are critical to formulating a prudent strategy for this stage of life, a technical specialist has said.

The COVID-19 pandemic has resulted in a dip in the cost of living for retirees, the latest ASFA Retirement Standard has revealed.

The debate on how to fund retirement income needs to focus on adequacy issues first, while keeping in mind it is wholly funded by taxpayers.