The CoreData Best Possible Retirement research reveals that Australians are increasingly engaged with their retirement, but confidence is fragile, their expectations are shifting, and many still lack the appropriate support to turn greater awareness into meaningful action.

Overall, the research, conducted in conjunction with Retirement Magazine publisher Conexus Financial, finds that Australians are overwhelmingly uncertain about what their retirement holds, with only 10 per cent saying they feel comfortable with their financial wellbeing “all the time”.

It says that cost-of-living pressures are reshaping retirement expectations; that there is growing demand from members for better services and support, but many do not know what their fund actually offers; and that around half of Australians still lack a good understanding of the ongoing costs of retirement.