The University of Adelaide has partnered with actuarial and retirement specialist firm Accurium to launch “Australia’s first SMSF retirement-specific course for SMSF practitioners”.
Research by actuarial firm Accurium, formerly Bendzulla, shows that “SMSF trustees may live even longer than the average Australian.”
This is a finding of the SMSF Trustees – healthier, wealthier and living longer report (PDF), the second in the Accurium SMSF Retirement Income series of reports.
Australian’s are living longer than previously, according to the most recent Australian Life Tables.
Accurium, the retirement and actuarial services company, says the Australian Life Tables 2010-2012 show “Australians born today are expected to live longer (on average) than those born five years earlier.”
Accurium, formerly Bendzulla Actuarial, has launched a “pioneering” SMSF retirement risk assessment service.
This new service, retirement healthcheck, is an “interactive tool” for accountant and other SMSF professionals to assist their clients.
“The retirement healthcheck enables accountants and practitioners to add value by enabling clients to assess the risk that their retirement plan will succeed or fail,” said Accurium.
SMSF members are “well-placed for a ‘comfortable’ retirement’,” according to the SMSF Retirement Insight: Retirement Adequacy report released by Accurium, formerly Bendzulla Actuarial.
“While many people may fear the prospect of outliving their super, most SMSF members don’t need to worry, because they stand a very good chance of enjoying a ‘comfortable’ retirement,” said Accurium CEO Tracey Williams.
According to the report the “typical 65 year old SMSF couple” would be able to fund a retirement at ASFA’s ‘comfortable’ retirement definition of with a “high degree of confidence that they won’t run out of money.”