In earlier posts we discussed ASIC's pending requirement to discount all future values at 2.5% pa. Recently, an amendment to this regulation was released, exempting superannuation and retirement calculators from this requirement until July 2018. Our hope is that ASIC will use this extension to come up with a solution that provides both a level of standardisation between calculators, as well as an allowance for improvements in living standards.
In the meantime, we have developed a new feature that allows the user to control the improvement in living standards as well as the level of price inflation. Look for the Change inflation rates control on the Assumptions panel.