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Showing 91 - 100 of 114 results for "Retirement income covenant"

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... sustainable over the long term. The federal government recently wrapped up its consultation on the Retirement Income Covenant exposure draft legislation. The new law would see superannuation trustees design a strategy for retirees or near-retirees that ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... risk and provide financial advisers with more retirement solutions. Ahead of the legislation of the Retirement Income Covenant, Challenger launched a market-linked annuity to its Liquid Lifetime range with five indexation options. Retirees can select ...

SMSFs welcome RIC exemption

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
The federal government sparing self-managed superannuation funds from the looming Retirement Income Covenant legislation has been welcomed by the sector. In response to the release of the Retirement Income Covenant exposure draft legislation, SMSF Association ...

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
The federal government unveiled the long-awaited Retirement Income Covenant exposure draft legislation and is taking industry feedback until October 15. The document sets out the obligations of superannuation trustees in designing a strategy for retirees ...

Why advisers must understand Retirement Income Covenant

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... Challenger chair, retirement income Jeremy Cooper presented to the AFA conference, discussing the new Retirement Income Covenant and how it will impact advisers. While the Retirement Income Covenant does not apply any new obligations to financial advisers ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... pensions alone and will have to look at other solutions. The government's latest guidance on the Retirement Income Covenant released in July backtracked from Comprehensive Retirement Income Products. It told trustees to focus on income and demoted ...

Super fund chair outlines future strategy

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
... which is another key focus for the funds, particularly following the release of the government's Retirement Income Covenant position paper earlier this month. "It's one of our key priorities to look at what we can do better in that space... There ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
The government has released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... transitional period is due for a review in 2022. Hume also flagged with confidence that the long-awaited Retirement Income Covenant will be in force from 1 July 2022. "It is finally going to happen. The Retirement Income Covenant will be included in ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... growing demand for these types of products that address retirees' long-term financial needs. The Retirement Income Covenant was introduced in the 2018-19 Budget but has been delayed significantly. It is due to take effect in mid-2022 as championed ...