Regulators need to take action to prevent older Australians from borrowing against their superannuation to upgrade their housing and help rein in unsustainable property prices.
Instead of matching long-term pension liabilities to long-term investments, investment markets fixate on short-term liquidity. Is a new approach now needed?
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
The changes announced in the latest federal budget could save members up to $3billion, but they don't tackle the problems of total disability insurance.
