CANBERRA, ACT, Aug. 7 -- The Treasurer of Australia issued the following media release:
The government is taking the next step in reforming and improving the retirement phase of superannuation to help deliver a more dignified retirement for more Australians.
Today we are releasing 2 consultation papers on 2 key planks of our retirement phase reforms to help ensure Australians have the choice, guidance and products they need to make the most of retirement.
These reforms are all about ensuring there is as much of a policy and product focus on the retirement phase as there is on the accumulation phase.
As our economy changes, population ages and the super system evolves, more and more Australians will draw down on bigger pools of savings t...