The Actuaries Institute has called out key barriers that must be overcome as the focus of superannuation policy development moves more strongly to support Australians in their retirement. In its
Actuaries Institute supports reframing of super 'nest egg' mindset superreview.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from superreview.com.au Daily Mail and Mail on Sunday newspapers.
Australians’ relatively weak level of financial literacy played a part in the difficulties households have had managing the rising cost of living over the past year, with a number of reports highlighting its role in challenges managing household budgets, retirement and general ‘financial wellness’.
The government needs to do more to improve the level of financial literacy in the community as part of its financial advice reform package, says financial data analytics company Your Financial Wellness.
Delia Rickard, who spent over a decade at the ACCC and had previously been a senior executive at ASIC, has joined the board of the financial wellbeing organisation.