Australia introduced a mandatory retirement savings scheme in 1992. This built on pre-existing voluntary occupational plans. The new scheme has been very successful in expanding coverage and mobilizing large financial savings that are equal to close to 100 percent of GDP. However, Australia does not impose restrictions on payout options. The payout phase used to be dominated by lump sum withdrawals, which accounted for 80 percent of benefit payments...
Voir la suite
INFORMATION
-
2008/10/01
-
Document de travail de recherche sur les politiques
-
WPS4749
-
1
-
1
-
2010/07/01
-
Disclosed
-
The market for retirement products in Australia
-
income stream