Superannuation changes may ignite Aussie VA growth

Proposed changes to the superannuation industry in Australia are likely to help boost the country’s small insurance product market, including acting as a catalyst for the take-up of products such as variable annuities (VAs) – a product that has been slow to take in the country, but that some are now tipping for explosive growth.

One of the effects of the Australian government’s Henry Tax Report – which made post-crisis recommendations to the government for reform, the last parts of which were