By Jessica Stanic · 18 May 2009 · News
The government's plan to raise the pension age to 67 could have far-reaching consequences for the economy, according to a leading industry expert. But what exactly does this mean for your superannuation and financial future?
The Government’s plan to increase the pension age to 67 and thus locking up superannuation funds until workers reach this age, will hurt the economy says the Australian Institute of Superannuation Trustees head Fiona Reynolds. According to Ms Reynolds, lifting the pension age to 67 does not benefit consumers, or the economy. “"Lifting the preservation […]