"Super is moving from merely supplementing the age pension to substituting it for an increasing proportion of retirees. The evidence is already in. At June 2017, only 42% of the over-65 age cohort were getting a full pension, with a further 28% on a part age pension. Put another way, more than half of today’s retirees (ie 58%)have sufficient means to reduce, or eliminate, their entitlement to government income support and growing super balances.." Challenger Position paper April 2018
Now that I am retired, I should think about what to do with my finances...
I have a managed investment though the share market can be volatile and unpredictable. What happens when the market crashes and I have to spend my retirement savings to live?
"In late 2014, the Financial System Inquiry (FSI) recommended development of comprehensive income products for retirement (CIPRs). The FSI realised that a ‘pre-selected’ combination of products designed to deliver a regular and stable income stream, longevity risk management and flexibility would simplify decisions at retirement and,most importantly, deliver better outcomes for retirees." Challenger Position paper April 2018
..committed to providing our customers with financial security for retirement..
Deliver superior outcomes to customers and shareholders through a highly engaged, diverse and agile workforce committed to sustainable business practices and a strong risk and compliance culture
Our vision; To provide ourcustomers with financial security for retirement
Be recognised as the leader and partner of choice in retirement income solutions with a broad product offering
Increase the Australian retirement savings pool allocation to secure and stable incomes
Provide customers with relevant investment strategies exhibiting consistently superior performance
Hi Jenny, now that I have retired, I am thinking of changing my investment strategy. What do you know about Challenger?
Hi Rob, I think that's a great idea, let's look at some options!