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RETIREMENT INCOME COVENANT
People & Products
Aware Super has released a tool called My Retirement Planner, which is expected to be launched widely in 2024, to provide insights into retirement confidence....
Financial planning
ASIC believes there is a “chicken and egg” situation when it comes to product development under the Retirement Income Covenant as super funds and firms are unsure if prod...
Funds management
APRA chair John Lonsdale believes it is a “strategic priority” that there is an appropriate suite of products for people approaching retirement, which could include from ...
Features
With the majority of retirement savings left unspent when most Australians die, advisers are playing a pivotal role in the growing landscape of retirement income products...
Financial planning
Super funds are demonstrating gaps in their member data, according to a joint APRA/ASIC review, as they are concerned collecting too much information could put them at ri...
Superannuation
A joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the Retirement Income Covenant. ...
People & Products
A former Ignition Advice executive has taken up a role at Allianz Retire+ focusing on promoting the firm’s longevity retirement solutions....
Financial planning
Being able to offer attractive retirement income products will be essential for advisers in coming years if they want to attract and retain clients. ...
Financial planning
The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission have published information on the implementation pathway for the R...
Financial planning
Following months of discussion and consultation, Treasury has released its final report into the Retirement Income Covenant, stating it is confident superannuation truste...
Superannuation
The Financial Services Council has welcomed the bipartisan support for the Retirement Income Covenant and Corporate Collective Investment Vehicle....
Financial planning
The Retirement Income Covenant is doomed to fail if there are a lack of advisers in the industry to convince consumers’ of its worth. ...
Financial planning
The Retirement Income Covenant is spearheading decumulation product innovation to help the “hunger for yield” retirees have, according to Challenger....
Features
The Government has long advocated for ‘growing the pie’ but, Chris Dastoor writes, the Retirement Income Review showed insufficient thought has been put into getting the ...
Financial planning
Greater innovation in the decumulation phase for products, as well as greater access through platforms, are the two areas the retirement income covenant will help improve...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...