Can we really learn pension lessons from Down Under?

Can we really learn pension lessons from Down Under?

clock

Andy James explores the Australian experience of pensions freedom and highlights the importance of advice in the retirement income equation

Many of the pension freedoms that have recently been brought in are designed to give Britons the same flexibilities that Australians have enjoyed for many years. In contrast to the previously prohibitive UK pensions system, Australia has maintained a much more liberal attitude towards empowering retirees to make their own decisions with their money. But while as a result of the reforms Britons over the age of 55 are beginning to consider when - and how much - to take from their retirement savings, Australia is beginning to move the other way, looking to tighten up its own pension syst...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

TPO lays out three-year roadmap to tackle rising demand

TPO lays out three-year roadmap to tackle rising demand

The Pensions Ombudsman reveals plan to tackle challenge of demand outstripping capacity

Jonathan Stapleton
clock 31 July 2025 • 3 min read
Andrew Tully: The time is right for far-reaching state pension debate

Andrew Tully: The time is right for far-reaching state pension debate

Essential we get cross-party support to any changes, rather than get involved in any political ping-pong'

Andrew Tully
clock 21 July 2025 • 4 min read
Chancellor 'confident' govt will not need to mandate pension scheme investment

Chancellor 'confident' govt will not need to mandate pension scheme investment

Rachel Reeves confirmed in Mansion House speech pension funds and government ‘are united’

Holly Roach
clock 16 July 2025 • 2 min read