Australian inquiry recommends introduction of annuity-like default for members

Jonathan Stapleton
clock • 3 min read

A review into Australia's superannuation system has recommended trustees should pre-select a "comprehensive income product" to provide members with longevity protection and a stable income stream in retirement.

The final report of the Financial System Inquiry (FSI) - a government commissioned investigation into Australia's financial system led by former Commonwealth Bank of Australia chief executive David...

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