Our escalating super problems - need for reliable income

Interesting article in today's Sydney Morning Herald:

"The Baby Boomer generation is now retiring, with some 700 Australians turning 65 every day.

Challenger estimates that at the moment some $73 billion of our super savings are moving from the accumulation phase to the retirement phase a year.

It estimates that this will rise to some $206 billion a year by 2026.

One of the ways to make the system work is to make sure the money that is in the super system is not wasted once the person moves into retirement."

As recognised overseas, peer-to-peer lending should be part of the solution.