More retirement products needed: ASIC

The Australian Securities and Investments Commission has weighed into the retirement debate.

More financial products catering to the retirement phase and better quality advice about retirement are needed as the population ages, the Australian Securities and Investments Commission says.

In a submission to the financial system inquiry, the corporate regulator said there is a need for better products to help people manage their retirement savings in their retirement phase, as well as a need for quality advice.

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