Program could be a problem for australian retirees

Reference no: EM133611983

Question: Although Australia's Superannuation program has been successful, experts have pointed out a flaw in the design-it does not provide for an annuity option for most of the retirees. An annuity provides a consistent retirement income that continues for the life of a retiree and it is created when individuals voluntarily roll over their retirement fund accumulations into the annuity. Why do you think experts consider that the lack of an annuity option in the Superannuation program could be a problem for Australian retirees?

Reference no: EM133611983

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Program could be a problem for australian retirees : Why do you think experts consider that the lack of an annuity option in the Superannuation program could be a problem for Australian retirees

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