How do you help members deal with the anxiety of a dwindling bank balance and moving to the security of a regular income stream?

Yeah, you're absolutely right.

For most of your adult life, your income is predictable.

You go to work, you get paid, you know it's regular, and you know sort of know when your direct debits are set up and those sort of things.

And retirement actually flips that on its head because you need to si- sort of find this way to replace that regular income, and super has a really clear role in that, of course.

And the first thing probably to get your head around is that this is actually a normal process, that [laughs] your super should start to pay you back.

You know, that's why you've been putting money in.

Now Peter, if everything's running smoothly, but then something major happens like a health scare or a family member needs some help, what does someone do to access a lump sum of cash without derailing their long-term plans?

For someone dropping to two or three days a week, how does a transition-to-retirement strategy change your super from being locked away into something that can top up your regular, but maybe a little bit smaller, paycheck?

Well, you're right.

Many people don't just switch into retirement anymore.

It's much more of a transition that plays out.

And, you know, for someone that's going to two or three days a week, like, clearly the income is gonna drop as a result of that, but the expenses generally don't, and in some cases might even go up a little bit 'cause you've got more time to do things.

So, look, this is where the transition-to-retirement strategy can really help that.

And so the benefits of the transition-to-retirement strategy is historically your super was locked away.

[laughs]