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Showing 11 - 20 of 114 results for "Retirement income covenant"

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... income. This change, it said, would also help funds deliver on the 'flexibility' objective in the Retirement Income Covenant. "The 'silver economy' represents a significant economic opportunity for Australia. By enabling retirees to maximise ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

APRA to continue crackdown on super fund expenditure

ELIZA BAVIN  |  THURSDAY, 13 NOV 2025
... account," she said. Beverley-Smith added that there is further work for funds to do to comply with the Retirement Income Covenant. "The Covenant was introduced three years ago to ensure the industry had strategies in place to support the growing number ...

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 ...