AMP today welcomes the appointment of Dr Daniel Mulino as new Minister for Financial Services and looks forward to working constructively with him to advance reforms that help Australians retire with greater financial confidence.
Alexis George, AMP’s Chief Executive said:
“Over the next decade, more than 2.5 million Australians are expected to transition into retirement. That number is set to rise to nearly one in four Australians in less than 40 years. While superannuation balances and household wealth have grown, too many Australiansstill struggle to navigate an overly complex retirement system.
“We look forward to working with the new Minister to continue to implement targeted and well-considered reform – particularly by improving financial literacy and access to advice, simplifying the retirement system, and encouraging innovation in retirement products and
services.”