Graph updates
Why are Alan’s graphs not being updated?
- Stephen
Editor’s note: Alan Kohler is on long service leave and has put a pause on updating graphs during this time. Stay tuned for his return in mid March!
Pension discounts
I request that Eureka use its influence to press the Government to introduce a discount of 50% on the minimum drawdown required of allocated pensioners. With the equity market becoming ever more bearish and dividends under pressure, and with interest rates at record lows, and likely to be lower, I find that the assets in our pension fund are being reduced at rates that I'm sure were unforeseen when the drawdown levels were established. There is now a strong temptation to look at bonds of unknown security, or other income-promising options that may not pass the sleep test. I would feel other subscribers may well be in the same boat. If it was good enough for the Labor Government to provide this discount relief during the GFC (when interest rates were higher) surely this Government ought to consider your approach.
- Charles
