{"id":293136,"date":"2026-02-11T23:02:07","date_gmt":"2026-02-11T23:02:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/293136\/"},"modified":"2026-02-11T23:02:07","modified_gmt":"2026-02-11T23:02:07","slug":"australiansuper-chairman-don-russell-warns-retirement-sector-failing-older-members-amid-outflow-to-wealth-platforms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/293136\/","title":{"rendered":"AustralianSuper chairman Don Russell warns retirement sector failing older members amid outflow to wealth platforms"},"content":{"rendered":"<p>The chairman of the country\u2019s largest retirement savings fund says the superannuation sector has yet to properly grapple with its responsibility to older members who have begun to take billions of dollars out of traditional asset managers and divert them toward more specialised products.<\/p>\n<p>Don Russell, a former public servant and diplomat who was once one of Paul Keating\u2019s closest prime ministerial advisers, is the chairman of AustralianSuper, which manages about $400 billion in savings. In a rare interview, he said there was a growing recognition among super funds \u201cthat we do have to better equip members\u201d to draw down their savings.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The chairman of the country\u2019s largest retirement savings fund says the superannuation sector has yet to properly grapple&hellip;\n","protected":false},"author":2,"featured_media":293137,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":{"0":"post-293136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/293136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=293136"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/293136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/293137"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=293136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=293136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=293136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}