05 February 2024: 4 in 5 (78%) Australian pre-retirees don’t feel prepared for retirement, with their preferences for income certainty not linked to their salary, age or super balance, according to research from Capital Preferences supported by Challenger.
The study revealed that retirement income preferences are highly individualised and indicated that readily available data (currently held by a super fund) may misguide super funds and government when cohorting members for the purpose of setting retirement income strategy and fit-for-purpose assistance.
Home ownership and ownership of a guaranteed lifetime income product (GLI) were the top two contributing factors associated with a greater […]
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