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| | | ... with the flexibility to select and switch between multiple investment options. The launch coincides with the Retirement Income Covenant's recent launch. Optimum Pensions managing director David Orford said vital steps toward an increased focus on ... |
| | | | ... prefixed. KPMG adds that tax matters relating to mergers remain a significant issue and trustee's responses to the retirement income covenant should have regard to how tax impacts retirement incomes. "Mergers of superannuation funds involve numerous ... |
| | | | ... $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer body has developed new retirement income targets - one for pre-retirees and one for existing retirees - that it expects super funds to use in helping members determine ... |
| | | | ... over engineered, so we've tried to distil the problem into basic ingredients we believe people need in a retirement income strategy," he said. "Simple, innovative approaches that offer access to fixed income markets via low cost, liquid means can ... |
| | | | ... grateful to the State of Victoria for their support." The announcement follows last week's introduction of the Retirement Income Covenant, which seeks to provide pension funds with greater flexibility in designing their retirement income strategies. ... |
| | | | ... to trustees about how they can use calculators and retirement estimates as part of their strategies under the retirement income covenant, which came into effect in July 2022." She added that the updated relief will also provide greater flexibility in ... |
| | | | ... Super reforms, has been extended to trustee-directed products (TDPs) from July 1. Finally, the long-awaited Retirement Income Covenant (RIC) that has been introduced to the Superannuation Industry (Supervision) Act 1993 also takes effect July 1. It imposes ... |
| | | | The long-awaited Retirement Income Covenant comes into effect tomorrow and, with super funds unable to consider members' personal circumstances, there's a view that its introduction could significantly impact the financial advice sector - but ... |
| | | | Super fund leaders are confident they're ready for the fast-approaching Retirement Income Covenant (RIC) deadline. According to research conducted by CoreData, Australian super funds are ready to publish the retirement income strategies needed to ... |
| | | | While greater availability of retirement income products is a positive, the three objectives of these products as set out in legislation don't necessarily reflect members needs or desires. Appearing on a panel at the Australian Institute of Superannuation ... |
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