Cooper reviews the Cooper Review

Guest: Jeremy Cooper, Chairman of Retirement Income, Challenger Ltd. 10 years ago, Jeremy Cooper, now Chairman of Retirement Income at Challenger, Chaired the Federal Government’s Super System Review, commonly known as the Cooper Review. With the final report from the Banking Royal Commission due to be released in a couple of days, we took the opportunity to talk to Jeremy about the current state retirement in Australia. “Retirees are well aware of increasing life expectancies, and we’re in an environment where self-provision is the order of the day. There are not a lot of people who aspire to living solely on the aged pension. So, they’re underspending – they’re being too frugal. They’re doing this because in our system, we’re effectively asking them to self-insure.” In this episode of The Rules of Investing, we discuss what worked and what didn’t from the Cooper Review, his take on the Banking Royal Commission, and the investment risks that matter to retirees.