Price increases returning to normal after the easing of COVID-19 restrictions has resulted in a rise in the cost of living for retirees.

Self-funded retirees have been overlooked since the election, particularly in the low interest environment that has emerged in the past year.

The federal government has highlighted findings from the Retirement Income Review final report that the current model is adequate and functional.

The federal budget has neglected retirees who had hoped to receive more income through a more lenient tapering of their asset test, a pension expert has said.

Self-funded retirees have been given no support in the budget to offset retirement income losses caused by the impact of COVID-19.

Superannuation trustees should be obligated to include products to address longevity risk for members, a dialogue paper has suggested.

A retiree representative group has called on the federal government to assist self-funded retirees adversely affected by the coronavirus pandemic.

Anticipated lower returns over the coming 10 years could force some retirees to revise their superannuation pension drawdown strategy, a mid-tier accounting firm partner has said.