RETIREMENT INCOME COVENANT

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...

Financial planning

The Financial Planning Association has recommended the Retirement Income Covenant include a clear obligation for trustees to adhere to personal and general financial advi...

Policy & Regulation

The draft legislation will codify the obligation for superannuation trustees to have a retirement income strategy which outlines how they plan to assist their members....

Financial planning

Treasury's Retirement Income Covenant allows trustees to address member acquisition and retention challenges, following the introduction of ‘stapling’ as part of the Your...

Superannuation

The paper has outlined what should be included in a retirement income strategy plan developed by trustees to assist members in achieving retirement income needs....

Superannuation

Smaller superannuation funds should be considering mergers or heading for the exit, according to a new report which suggests Australia’s optimal number of funds is 15, do...

Superannuation

The Government has deferred the introduction of a Retirement Income Covenant raising concerns that it is building towards far-reaching changes to the superannuation via i...

Superannuation

Superannuation fund segregation of members’ assets into separate accumulation and pension pools is a critical decision for trustees and needs to come down to much more th...

Superannuation

The role and accountability of superannuation fund trustees must be reinforced, according to the Institute of Public Accountants....

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