Lump sum superannuation payments for retirees could end

I won't hold my breath for this to happen given the grey vote but we'll see:



Australians entering retirement will most likely be stopped from taking their superannuation as a lump sum and will have to access it through a structured self-funded pension, a top Treasury official says.



Treasury executive director and chief operating officer John Lonsdale signalled that recommendations from the financial system inquiry put forward to overhaul superannuation are likely to be adopted.



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