Opinion
The super system has to brace itself for a tsunami of retirees
Are trustees doing enough to prepare and provide the information, resources, transparency, services and support that retirees expect?
Simone ConstantASIC CommissionerAnybody who lives in a tsunami prone area knows you can’t stop the wave once a cataclysmic event occurs – the best you can do is warn people who may get caught in the path.
In contrast to a sudden natural disaster, demographics literally move at the pace of daily life, it is something we can forecast a generation in advance.
Australia’s ageing population – often referred to as a silver tsunami but perhaps better thought of as a retirement tsunami – has been rolling slowly across our shores for decades. We live in the age of ageing.
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