Submission – Treasury Best practice principles for superannuation retirement income solutions

With an estimated 2.5 million Australians entering the retirement phase over the next decade, well designed best practice principles will serve as an important resource for superannuation trustees to strengthen the design of retirement income solutions and pathways for their members to make the most of their super in retirement. Retirement can be a complex and overwhelming experience for many members as they are confronted with many questions and choices they may not be well equipped for. The challenge is how to support members with timely information, guidance and advice and identify simple and well-designed retirement pathways that are right for them.