Neil Moles looks at the pensions landscape in Australia and the UK. He asks if advisers are keeping pace with the needs of the modern retirement saver...
The Australian pension system is widely regarded as one of the best in the world. Superannuation, or ‘super' as it's known there, was introduced in its modern form in the early nineties. It's had a huge impact on the financial advice landscape. Consider this comparison. The average pension pot figure in 2020 in Australia was AU$348,795 for 65-69-year-olds while the average UK pension pot stands at £61,897, according to data from the FCA. A stark contrast. However, with the advent of auto-enrolment over here, levels of retirement savings in the UK are slowly increasing and perhaps we c...
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