Submission on the impact of COVID-19 on retired investors

Summary: Impact of COVID-19 on Retired Investors The Alliance for a Fairer Retirement System advocates for adequacy, sustainability, certainty, and fairness in retirement policy. Australia's retirement income system has weaknesses exposed by the COVID-19 crisis. Retired investors face challenges with means testing, investment outcomes, and legislative risks. COVID-19 has significantly impacted retirees' income from investments. Reform options are needed to support retirees and stimulate economic recovery. Retirees are anxious about market fluctuations and Centrelink's revaluation process.