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ASFA launches post-retirement course
The Association of Superannuation Funds of Australia (ASFA) has launched a course in post-retirement for advisers and product issuers.
The ASFA Certificate of Post-retirement will help financial advisers and funds respond to the ageing population and the growing need for comprehensive retirement advice and products.
ASFA chief executive Pauline Vamos said the course will help mitigate issues arising from the ageing population moving accumulation and into retirement such as challenges to call centre staff, product developers, and financial advisers.
"It will also help spur innovation in the retirement income stream product market, by providing developers with a sound basis as to what this growing pool of retirees need and want from post-retirement financial products," she said.
"Expanding the knowledge base and lifting the skills of our teams will help deliver a better experience and better outcomes for fund members."
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Speaking to Super Review, the $70 billion fund has unveiled its new solution to address the ‘cognitive load’ of retirement as members enter their golden years.
New research has suggested it’s time to reconsider the home as a fourth pillar of the retirement income system, alongside the age pension, superannuation, and voluntary private savings.
New research has revealed over 60 per cent of retirees believe their super fund offers retirement income products suitable to support their retirement lifestyle.
Some retirees are “needlessly” paying two sets of fees and often more tax than they need to, according to the industry body.
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