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Showing 11 - 20 of 49 results for "CIPRs"

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... multi-manager portfolio, Terrain says. But in the year and a half since its first visit, Thornburg sees greater opportunity in CIPRs (Comprehensive Income Products for Retirement) for which super funds are required to have a plan in place by July 2020. ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... opportunity in the fast-approaching deadline for superannuation funds to develop comprehensive retirement income products (CIPRs). The life insurer, which is in the process of changing ownership from CBA to AIA, is the second-largest player in annuity ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... in social policy division. It made general and specific comments on Grattan's draft report including on treatment of CIPRs, bequests, public/private consumption, pension spending numbers from OECD, wealth tax and couple tax. Treasury employees also ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... Covenants, which would require trustees to develop retirement income products or Comprehensive Income Products for Retirement (CIPRs) and strategies prior to 1 July 2019. While Treasury opened the proposal for consultation, the covenant was ultimately ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... such as deferred income streams and pooled investment pensions and annuities, which would also support the development of CIPRs. According to the bill's explanatory memorandum, the changes will amend the current rules for lifetime income streams to create ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... all superannuation funds to offer a new, hybrid retirement product that goes beyond the standard account-based pensions. CIPRs need to provide retiring members access to capital while managing the risk that they might outlive their ABP balances. Designing ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
... to Financial Standard earlier this month about market opportunities, building the fund's in-house investment team and CIPRs. Pearce said the fund doesn't particularly see a need to pull back from equities, a move that AustralianSuper announced ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... retirement as a substitute or supplement to the Age Pension in the form of Comprehensive Income Products for Retirement (CIPRs) has been delayed from originally planned. Trustees have until 1 July 2020 to provide retirement income strategy, but are not ...

New mortality study adds to retirement conversation

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
... rates among Australians who use annuities. It is research they hope will help develop retirement income products including CIPRs. The Actuaries Institute and Rice Warner used UK mortality data on annuitants to calculate similar rates for the Australian ...