Published: 18 Mar 2021
The Retirement Income Review (RIR) includes detailed analysis and modelling of system adequacy and sensitivity analysis to inform its observations and findings.
The review’s observations and findings are heavily reliant on the projections undertaken.
Although the review considers the retirement income system broadly a particular focus has been the Superannuation Guarantee (SG) which the review claims, based on its projections, could deliver adequate replacement income at its current level of 9.5% if accumulated savings are drawn down more ‘efficiently’.
ISA has carefully studied the modelling approach of the review including the assumptions that inform modelling outcomes.
It has uncovered the review used a series of questionable assumptions to reach its findings that a super guarantee rate of 9.5% can deliver adequate retirement outcomes.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.