The Federal Government is now actively taking steps to eradicate the Age Pension. Here is one of the first steps towards doing so. If you are receiving or know anyone that is receiving (or planning to receive) Age Pension, then have a read.
http://blog.bendzulla.com/2014/10/03/changes-to-centrelink-treatment-of-account-based-pensions/
http://blog.bendzulla.com/2014/10/03/changes-to-centrelink-treatment-of-account-based-pensions/