Aussie workers can expect higher retirement incomes

clock •

AUSTRALIA - Today's Australian workers can actually expect a higher future retirement income than they could six months earlier, despite record investment losses at the country's superannuation funds.

The latest AMP Superannuation Adequacy report showed that today's average worker will have a projected retirement income of A$42,465 (US$35,240) per year as of December 2008, up 1.1% from June 2008...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Australia

Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

Jenny Cosgrave
clock 02 November 2011 •
Australia

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

Jaishree Kalia
clock 28 October 2011 •
Australia

Australian super falls for the fifth month

AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.

Jaishree Kalia
clock 21 October 2011 •
Trustpilot