aged care

The Aged Care Act, achieved with rare political cooperation, will put residential and home care on a more sustainable basis with individuals’ contributions more closely attuned to their financial position.

Australia has slipped from third place in the world rankings for adequacy, sustainability and integrity of our super system to fourth place, being leap-frogged by new entrant Israel. The impact of COVID-19 has cost almost all systems, particularly those which allowed access to savings or relaxed contributions rules. The Mercer CFA Institute 12th annual global…