



The financial services industry may have underestimated the dramatic falloff in retiree spending as retirees age, according to a Milliman analysis of real-world expenditure data.

Retirees’ age is just as strong an indicator of behaviour as income level.

More than half of Australian retirees are spending less than the Age Pension each year, raising significant questions about current retirement policy and super fund strategies, according to new research.

How do you produce a business plan, or compare your fund to another, without first knowing whether a fund stands on its own two feet for its own members?