U.S. retirement industry could learn from Australia’s successes
April 19, 2013 by Paula Aven Gladych
Australia’s retirement system has a much higher asset growth rate than other industrial nations. It also spends less on old-age pensions and has high individual savings rates.
According to a report by Julie Agnew for the Center for Retirement Research at Boston College, the U.S. could learn a few lessons from Australia’s system, which combines mandated individual savings and a means-tested government pension.
Originally Posted at LifeHealthPro on April 19, 2013 by Paula Aven Gladych.
Categories: Industry Articles
