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Showing 11 - 20 of 81 results for "Retirement Income Covenant"

TelstraSuper launches retirement product

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... particularly given it is the first profit-to-member guaranteed lifetime income stream to launch under the Retirement Income Covenant. "This innovative partnership has enabled TelstraSuper to offer its own CPI and market linked lifetime income streams ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... a portion of super savings be taken as an income stream." "From the Retirement Income Review to the Retirement Income Covenant, and the work to define an objective of superannuation, there have been some excellent developments in the retirement income ...

TelstraSuper revamps strategy team

ELIZABETH FRY  |  FRIDAY, 29 SEP 2023
... company called 10E24 which aims to help retirees financially navigate their retirement. Buoyed by the Retirement Income Covenant, pension funds are gearing up to meet a growing need for retirement products. Like some of its peers, TelstraSuper has long ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... requirements more closely with the best financial interest duty and for the retirement phase, support the retirement income covenant. The reforms will mandate trustees to justify business-related expenditures. They will also aim to elevate the standards ...

NGS Super to debut retirement income product

KARREN VERGARA  |  MONDAY, 11 SEP 2023
... the beginning," she said. In July, ASIC and APRA lambasted laggard super funds for not taking their Retirement Income Covenant obligations seriously. The joint examination of 15 trustees by the regulators found that many super funds are dragging their ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... Council (FSC) chief executive Blake Briggs saying the government is right to prioritise action. "The Retirement Income Covenant requires superannuation funds to formulate strategies to optimise retirement outcomes for members, however, the FSC believes ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... funds to help support them as they develop their retirement income propositions, as required under the Retirement Income Covenant," he said. "As Australia's leading provider of longevity protection with decades of experience, Challenger via the Solutions ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took effect, a joint examination of 15 trustees by ASIC and APRA reveals that not only are super funds dragging their feet in ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... to propel the company's delivery of the "next generation" of retirement income solutions. "With the Retirement Income Covenant (RIC) taking effect in July 2022 and regulators calling for Life Companies to step-up to the plate, the time is now for a global ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... comparability assessment is still developing," Spragg noted. "When you view it within the lens of the Retirement Income Covenant (RIC), when we're trying to balance competing objectives of maximising incomes, flexible access and managing risks, this ...