RETIREMENT INCOME COVENANT

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...

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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....

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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...

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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....

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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...

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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...

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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...

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Superannuation

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

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