Abstract
Retirement income is not just about products. You need an underlying philosophy and sharpening the duties of trustee directors towards providing income in retirement would greatly assist funds in developing these. The super system needs to be able to measure success in the retirement phase and it’s not just a matter of using our accumulation measures. Measuring success by just being good investors is a dangerous game. There is a big wide world of asset managers out there and it is a highly fungible process. Serving customers, particularly retired customers, is the point of distinction for super funds.
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