Investment returns key to retirement
Investment returns from superannuation and other sources represents the key to gaining enough to fund a comfortable retirement, according to survey data presented to a recent Russell summit.
The data, presented by Russell’s director of actuarial and benefits Steve Schubert, revealed that over a 35-year period, two-thirds of accumulated benefit came from investment income.
It said that after a further 25 years in retirement, 85 per cent of a person’s retirement income would have arisen from investments.
Schubert suggested that people needed to be well-informed about how much was enough when it came to retirement and this could be achieved by way of increasing financial literacy, encouraging investors to plan well and be disciplined.
He said that investors could be assisted through the provision of education and by ensuring they had access to the appropriate advice and tools, as well as products that steered them in the right direction.
AUTHOR
Mike Taylor
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