Even the world's most-envied retirement plan is falling short

In their twilight years, retirees usually have one thing in common: they want to know they'll be secure. (Image: Depositphotos)

Bloomberg

Sun, 12 May 2024

By Amy Bainbridge, with assistance from Chris Bourke and Suzanne WoolleyBetween BlackRock’s Larry Fink and UK chancellor Jeremy Hunt, it's official: Australia’s A$3.7 trillion (NZ$4.05t) retirement system is the envy of the wealthy world.In his budget speech to Parliament in March, Hunt cited Australia’s private super funds as delivering “better returns for pension savers with more effective investment strategies”. Three weeks later, in his annual letter to investors, Fink – BlackRock’s ch...

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