In Focus: Retirement Income  

Govt must scrap MPAA, Quilter says

According to Greer, if members knew that they were expected to have sought guidance services or financial advice prior to contacting their pension provider for a withdrawal, that may start to elicit a change in behaviour in a way that nudging at the point of contacting a provider will not.

“Taking up support from a guidance service or financial adviser needs to be the social norm rather than an afterthought", he added.

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