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Showing 1 - 10 of 17 results for "Comprehensive Income Product for Retirement"

Should super funds segregate pension assets?

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
... unsegregated structure may not be nuanced enough to meet the legislative requirements of a Comprehensive Income Product for Retirement. "There is no hard and fast rule on what the best approach is - but any decision needs to be far more nuanced than ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
... and pre retirees would be the Treasury's requirement for all funds to offer a comprehensive income product for retirement (CIPR). "I think CIPRs was a very misconceived idea and we have done very little work on it," he said. "It is very misconceived ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... 100% allocation to an account-based pension (ABP) would not meet the definition of a Comprehensive Income Product for Retirement (CIPR). While all trustees are required to offer a CIPR, they can pick a third-party solution to save costs. They have the ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... performance against CPI, Milliman said. It added that any default MyRetirement or comprehensive income product for retirement (CIPR) products that are indexed to the CPI are likely to be affected by the findings. The research also challenges "broad brushstroke ...

Default retirement products not good enough: Milliman

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
Superannuation funds that don't get to know members better ahead of designing a Comprehensive Income Product for Retirement are putting themselves at risk of severe reputational damage. That is the view of risk management and retirement experts Milliman ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... remove legislative impediments to product innovation and the options to pre-select a comprehensive income product for retirement (CIPR). The introduction of a CIPR-style product option should deliver greater income security and protection throughout ...

UniSuper develops retirement product

LAURA MILLAN  |  THURSDAY, 10 DEC 2015
... retirement income solution that addresses issues such as longevity or sequencing risk. The comprehensive income product for retirement (CIPR) is designed to provide members with access to a default lifetime pension on retirement and greater flexibility ...

CIPRs not the entire answer for retirement

DARREN SNYDER  |  FRIDAY, 27 NOV 2015
The proposal for superannuation funds to have a comprehensive income product for retirement (CIPR) has experts cautious about defaulting members at a time when individual retirement solutions are most needed. Speaking at the Association of Superannuation ...

AB calls for three-stage CIPR

DARREN SNYDER  |  WEDNESDAY, 18 NOV 2015
... (AB) believes there is an appropriate three-stage approach that can form a default comprehensive income product for retirement (CIPR). The three-stage approach is based around a delayed annuity purchase. The delayed purchase would occur after superannuation ...

International actuaries have consensus on retirement

DARREN SNYDER  |  WEDNESDAY, 28 OCT 2015
... Productivity Commission on further significant reforms such as development of the Comprehensive Income Product for Retirement (CIPR). "The introduction of these intelligent default products will provide greater income security and protection for many ...
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