UK: Australian DC pensions: at-retirement market
The UK defined contribution (DC) pension market is well behind its Australian counterpart in many aspects. In a new series of blogs, we highlight the advancements the Australian DC pension market has made, and what this could mean for the UK in the future. In part two, we focus on Australia’s ‘Retirement Income Covenant’. Consolidation of pension funds as they accumulate member assets has largely been a success in Australia, but challenges have arisen in…
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