The Alliance for a Fairer Retirement System has written to the Treasurer and other Ministers warning the economic recovery is at risk because the Covid Financial Crisis (CFC) has severely undermined the confidence of retired investors.
The Alliance, which includes a range of organisations representing older Australians, has highlighted the problems facing retired investors during the current financial storm.
Alliance spokesperson Ian Henschke says, "Retirees with market investments are being punished financially, undermining their capacity to contribute to the economic recovery."
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