Could universal aged pension be answer to complex retirement system? Mercer Consulting partner David Knox wants means testing scrapped

Mercer Consulting has proposed a universal aged pension that would see the currently complex system of means testing wealth and assets scrapped. 

The submission comes as the Federal Government's retirement system review gets under way. 

Mercer Consulting senior partner David Knox tells ABC's Peter Ryan, a universal "pension for all" would stop retirees from using complex scheme to ensure they are eligible for the aged pension.