retirement income covenant
Superannuation
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose. ...
Superannuation
The prudential regulator has flagged supervisory focus on trustees’ implementation of the Retirement Income Covenant, among other priorities....
Post retirement
New research has revealed over 60 per cent of retirees believe their super fund offers retirement income products suitable to support their retirement lifestyle....
News
A recent pulse check by the regulators has raised concerns about trustees’ lack of progress in tracking the success of their RIC strategies....
Superannuation
While the super sector has faced criticism over the modest take-up and development of retirement products, ASFA said this may relate to a lack of demand rather than a lac...
Superannuation
In a Treasury submission, the $316 billion fund has recommended funds be able to combine members’ accumulation and retirement accounts towards a more streamlined system....
Post retirement
As regulators spur funds to focus on Australia’s ageing population and overseas players voice their interests, professionals expect a boost in innovative activity in supe...
Superannuation
New research has found cost pressures are weakening Australians’ outlook for their golden years even as the superannuation industry grapples with the issue of longevity r...
Post retirement
Treasury has released a discussion paper on how the superannuation system can provide the needed security and income in retirement via member support and retirement prod...
Superannuation
The Senate Economics Reference Committee has referred an inquiry into improving the Australian retirement system including implementation of the Retirement Income Covena...
Superannuation
While ASIC still believes there is a “lack of urgency” with implementing the Retirement Income Covenant, super funds say they want to ensure their products are well-devel...
People and Products
The $15 billion fund has told Super Review about the process and drivers behind launching its new retirement income strategy, saying a quality product does not necessaril...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...