STRAWS IN THE WIND: Growing old disgracefully*

Growing old disgracefullyThe head of AXA’s Asia Pacific’s financial planning operation, Peeyush Gupta, and executive chairman, Arun Abey, told a media lunch (as reported by Matthew Charles in a recent Herald Sun) that, “Australia had created a lost generation of retirees despite the boom in the retirement advisory industry.”Mr Gupta said 80 per cent of retirees subsist on annual incomes of up to $15,000. “It means we have an entirely lost generation out there.”His industry, retirement advisory a…

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