What can we learn from the Aussies - John Ritchie, CEO, Ellipse

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In November, I was in Sydney at a conference of life industry people from around the world sharing ideas and issues.

There were common issues - sceptical consumers, frustration with ivory tower regulators and politicians who start radical reform to deal with the huge societal issue of too many of us living too long but never quite finish the job. With NEST on our horizon there is much to learn from the Australian environment and their mature compulsory savings scheme. I don't call it a compulsory pension scheme as they don't have to annuitise and there is still a means tested state pension that distorts behaviour at retirement. Of most interest though is the emergence of large quasi mutual "Super" fu...

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