By: Laura du Preez for IOL.
The Business Times, p. 11
Retirement systems around the developed world are facing the problems of not being able to pay out what was promised, or falling short of giving what people need for a reasonable standard of living in their old age. SMU president Arnoud De Meyer and MIT Sloan School of Management finance professor and Nobel laureate Robert Merton discuss how to tackle that. CAl HAOXIANG reports
SKBI Public Lecture. Singapore Management University.
Having led the world in the 1990s in embracing defined contribution retirement plans, Australia now is rightly reviewing whether the design of its retirement income system is meeting the needs of Australians living in retirement.
David Murray’s interim report into Australia’s financial systems noted the particular strengths of this three-pillar system, which comprises the age pension, compulsory superannuation guarantee and voluntary private savings. With more than A$1.8 trillion of assets under management, Australia now has the fourth largest private pension pool in the world. The questions, as the Murray report identified, are around the complexity, efficiency and efficacy of the system...
Top1000Funds.com. By Amanda White.