Commonwealth Bank Launches Retire Ready Book As Part Of Financial Literacy Drive

28 July 2004

The Commonwealth Bank, in one of its biggest moves to educate Australians in the lead up to retirement, has launched a book, Retire Ready - a comprehensive guide to retirement designed to empower Australians to take control of their own financial future.

Retire Ready was written with the aim of helping increase financial literacy among people approaching retirement. According to a recent Commonwealth Bank Newspoll survey, over half the population have not made financial plans or seen a financial planner; almost a quarter are dependent on the Government pension; 80% know nothing or very little about the investments in their superannuation fund; and only one in seven consider planning for retirement a top priority.

Written in plain, simple language, Retire Ready provides practical life management advice in a user-friendly format. Designed in full colour, the book includes original photography of retirees, worksheets for calculating a reader’s financial position, current social research and checklists to make the process of planning easy.

The Commonwealth Bank’s Chief Executive Officer, David Murray said, "The Commonwealth Bank has introduced this initiative to help all Australians who are approaching retirement. By pooling the wealth of knowledge that exists both within the Commonwealth Bank and with a team of leading independent experts, Retire Ready is a definitive guide to retirement planning."

Apart from financial guidance, Retire Ready embraces other retirement lifestyle areas including how to get ready emotionally and psychologically for retirement, making a sea change, caring for parents and ways to ease into retirement.

Compiled by independent freelance writer, Brian O’Shea, along with contributions from leading retirement, finance and lifestyle specialists, Retire Ready tackles complex issues with a practical and upbeat tone.

Neil Tucker, Executive Director, Council on the Ageing (NSW) said: "Retire Ready is a must read for retirement planning. It offers accessible, practical financial planning advice. Importantly it sets personal financial planning in the context of Australian social change and personal life change."

Retire Ready, priced at $24.95, is available from Dymocks, Angus & Robertson, Borders, Collins Booksellers, DoubleDay and other good bookstores as well as Commonwealth Bank branches or by visiting the Commonwealth website at

All profits will be donated to the Council on the Ageing’s (NSW) financial literacy programs.