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Showing 11 - 20 of 111 results for "Retirement Income Covenant"

HUB24, TAL to launch retirement income product

KARREN VERGARA  |  WEDNESDAY, 12 NOV 2025
... billion and $16 billion respectively. ASIC recently told superannuation funds to do more to uphold their Retirement Income Covenant obligations. One in five trustees cannot track the success of assistance to members in balancing the objectives of the ...

ASIC targets funds over 'disappointing' retiree communications

ELIZA BAVIN  |  TUESDAY, 14 OCT 2025
... preferences of their member base, including those already in the retirement phase. Constant said despite the retirement income covenant obligations commencing over three years ago on 1 July 2022, some trustees are yet to address gaps identified by ASIC ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
... commissioner Simone Constant has told super trustees more needs to be done to meet obligations under the Retirement Income Covenant. "We are three years into the Retirement Income Covenant now. Three years since trustees have been obliged by law to assist ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... outcomes in the retirement phase of superannuation," Treasury said. The framework will sit alongside the Retirement Income Covenant and Prudential Standard SPS 515: Strategic Planning and Member Outcomes, which commenced on January 1. One possible indicator ...

Super needs customised, personalised approach: FSC

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
... members' retirement needs and must prioritise this amid the government applying pressure via the Retirement Income Covenant and the proposed Best Practice Principles for retirement. The FSC in conjunction with NMG Consulting yesterday released Empowered ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
... expected to be launched over the coming year. The partnership comes amid the government's focus on the Retirement Income Covenant and the ongoing issue of many retirees being wary to spend their savings due to a fear of outliving their capital. This ...

Super moves: Qantas Super, VFMC, AusSuper

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
... strategy and proposition. The new hire will oversee retirement strategy and be responsible for meeting Retirement Income Covenant obligations, developing customer value propositions and thought leadership. Travis said developing the new role has provided ...

Treasury drafts superannuation retirement income principles

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
... and delivery of superannuation retirement income solutions, extending beyond the obligations of the Retirement Income Covenant. The principles seek to help trustees gain a "detailed understanding" of their funds' membership, develop quality solutions ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... said. "Under our proposal, there should be criteria that covers funds' performance against the Retirement Income Covenant. Top-10 status should be granted only to funds that have a proven record of providing useful retirement advice and guidance ...