Overview of Comprehensive Income Products for Retirement (CIPR)
The Government has recently turned its attention to developing a world-class retirement income system, by supporting the development of CIPR. To begin this process, they released a discussion paper for review, which we have responded to in this white paper. Our response covers common problems faced in retirement – including the risk of outliving savings. We have also highlighted the important social and psychological dimensions in retirement, which need to be considered in any framework impacting the lives of Australians.