1. Preparing for (mass) retirement
Fund Operations Network – 6th May 2016

2. Financial Systems Inquiry, Final Report, December 2014
Purpose of Super
“To provide income in retirement to substitute or supplement the Age Pension”
Financial Systems Inquiry, Final Report, December 2014

3. Current Evolution – Account-based Pension

4. Evolution 1 - Lifecycle

5. Evolution 2 – Income Bucketing

6. Evolution 3 – Goals Based Investing
Corrigan & Matterson, May 2010, A Holistic Framework for Lifecycle Financial Planning

7. Level of Customisation
Member Customisation
Product
Level of Customisation
Information Requirements
Account-based Pension
Risk questionnaire
Lifecycle
Age
Income Bucketing
Age, Balance, Age Pension eligibility, Income requirements
Goals Based Investing
Age, Balance, Gender, Salary, Age Pension eligibility, Income requirements, Goals, Health, Dependents, Other Assets (in and out of super)

8. Important Information