The retirement model needs a shake up

4 min read
4 min read

While one of the best in the world, Australia’s retirement system still falls short of delivering optimal outcomes for all citizens. Members are encouraged to save as much as possible throughout their working life, only to go off script when they near or reach retirement.

Let’s face it, retirement planning is messy, hard to navigate and easy to avoid. The current model is primed for disruption and as an industry we all recognise the time to change is now.

We believe there are three key issues to resolve if we want to help people feel confident about making planning decisions and deliver certainty in retirement.

  1. Retention – How do we ensure the continuity of members as they transition from accumulators to their post-work phase of life?
  2. Whole-of-life view -Using real information, how can we create a full picture of a person’s financial situation to facilitate better planning near and in retirement?
  3. Practicality: How can we provide solutions and services to funds at scale, but in a way that’s affordable for their members?

Leading the way with a new digital retirement platform

As a key enabler of funds and their members, Link Group plays a unique role within the superannuation industry.

Partnering with industry specialists and established providers, we’re driving development in the retirement market, with a focus on building an industry-wide technology solution – one that can integrate with innovative product and service bundles, offer continuous member engagement, personalised guidance and access to affordable advice.

The platform we’re building will provide super funds with options to help tailor unique member experiences and deliver on their retirement income strategies, without having to take on the development and technology burden typically involved in integrating new solutions.

The long-term vision of our retirement platform will see the integration of various financial products, digital tools and services that allow funds to personalise the journey in a way that helps members plan for, transition to, and live comfortably in retirement.
We understand the decisions and choices members need to make in the lead up to retirement and beyond their working life, and our new platform—called PathFinder—will allow funds to design guided pathways and unique experiences to ensure members can achieve their best possible retirement outcomes.

Support for every step of the retirement pathway

Developed by Link Group, in consultation with a network of key product providers and industry specialists, recently launched PathFinder is a cloud-enabled flexible platform that uses data, insights and third-party integrations to support every step of the retirement journey.

Our platform is designed to provide super funds and their members with a total picture of wealth supporting the retirement planning, income, and advice experience. By accessing a suite of integrated tools, digital services and product solutions, funds can tailor the retirement experience for different member needs, supporting the delivery of personalised strategies, sustainable incomes and better outcomes in retirement.

One of the first suite of products to be integrated with the PathFinder platform is Allianz Retire+ Income for Life (AGILE). This next generation retirement income solution will sit inside the super fund as an investment option in the late accumulation phase and within an account-based pension.

By providing access to high quality, guaranteed income products like AGILE, PathFinder will help super funds deliver on their retirement propositions giving members greater certainty as they plan for retirement and look to generate a reliable income.
We’re extremely excited to introduce our PathFinder retirement platform to the industry and delighted to be partnering with Allianz Retire+ as we integrate the AGILE longevity solution.
We will continue to invest in our PathFinder platform, working with key providers to onboard a diverse range of digital tools, products and services that allow seamless integration for clients and offer guided journeys and tailored experiences for members, as they near and enter retirement.

Curious to learn more about PathFinder?

Read the media release.

Watch the PathFinder video below:

Picture of By Dee McGrath

By Dee McGrath

CEO of Retirement and Superannuation Solutions

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Derek Thompson

Best Selling Author, Podcast Host of 'Plain English'

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Few speakers can match Derek Thompson‘s ability to synthesize mega-trends in society, labor, economics, technology, and politics. Put another way: Derek trawls the data sets and does the forecasting and deep reporting necessary to help us better understand how we live, how we vote, how we spend, and how we work.

In his paradigm-shifting #1 New York Times bestseller, Abundance (co-written with Ezra Klein), this award-winning journalist reveals how our policies and culture have pushed us into a world of scarcity (not enough housing, workers, or progress)—and offers a radical new path towards a world where housing is affordable, energy is plentiful, and innovation flourishes across industries.

He shares a compelling vision of a future where we have more than enough for everybody, and a practical, actionable roadmap for how to get there. It starts with taking more risks, building more expansively, and recognizing that we all have the power to create a world of abundance. “Everything’s utopian until it’s reality,” he says.

Carmen Beverley-Smith

Executive Director - Superannuation, Life & Private Health Insurance, APRA

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Carmen joined APRA in March 2023 and holds the role of Executive Director, Life and Private Health Insurance and Superannuation.  

She has had an esteemed career in financial services, spanning over 25 years. She has held diverse leadership roles at Westpac and Commonwealth Bank of Australia, including across risk, transformation and change, product and portfolio development, and sales and service. 

Prior to joining APRA, she held the role of General Manager, Risk Transformation Delivery Integration at Westpac. This involved leading the group-wide implementation of a suite of solutions to uplift risk management capability and develop data, analytics and reporting. 

Carmen leads with a values-driven approach and a particular interest in developing and mentoring talent. 

She holds a Bachelor of Commerce and Accounting, is a certified Chartered Accountant and a Graduate of the Australian Institute of Company Directors. 

Amy C. Edmondson

Novartis Professor of Leadership and Management, Harvard Business School

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Amy C. Edmondson is the Novartis Professor of Leadership and Management at the Harvard Business School, a chair established to support the study of human interactions that lead to the creation of successful enterprises that contribute to the betterment of society.

Edmondson has been recognized by the biannual Thinkers50 global ranking of management thinkers since 2011, and most recently was ranked #1 in 2021 and 2023; she also received that organization’s Breakthrough Idea Award in 2019, and Talent Award in 2017.  She studies teaming, psychological safety, and organisational learning, and her articles have been published in numerous academic and management outlets, including Administrative Science Quarterly, Academy of Management Journal, Harvard Business Review and California Management Review. Her 2019 book, The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation and Growth (Wiley), has been translated into 15 languages. Her prior books – Teaming: How organizations learn, innovate and compete in the knowledge economy (Jossey-Bass, 2012), Teaming to Innovate (Jossey-Bass, 2013) and Extreme Teaming (Emerald, 2017) – explore teamwork in dynamic organisational environments. In Building the future: Big teaming for audacious innovation (Berrett-Koehler, 2016), she examines the challenges and opportunities of teaming across industries to build smart cities. 

Edmondson’s latest book, Right Kind of Wrong (Atria), builds on her prior work on psychological safety and teaming to provide a framework for thinking about, discussing, and practicing the science of failing well. First published in the US and the UK in September, 2023, the book is due to be translated into 24 additional languages, and was selected for the Financial Times and Schroders Best Business Book of the Year award.

Before her academic career, she was Director of Research at Pecos River Learning Centers, where she worked on transformational change in large companies. In the early 1980s, she worked as Chief Engineer for architect/inventor Buckminster Fuller, and her book A Fuller Explanation: The Synergetic Geometry of R. Buckminster Fuller (Birkauser Boston, 1987) clarifies Fuller’s mathematical contributions for a non-technical audience. Edmondson received her PhD in organisational behavior, AM in psychology, and AB in engineering and design from Harvard University.

 

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.