Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 85 results for %22Retirement Income Covenant%22

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... will face challenges such as investment risk, inflation, and longevity. To address these concerns, the Retirement Income Covenant, which took effect in July 2022, mandates super fund trustees to develop a retirement income strategy that maximises expected ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... finding a way to better deliver information and advice to members approaching retirement. While the Retirement Income Covenant has put in place an obligation for funds to implement a strategy for members in the retirement phase, new obstacles have also ...

Investor education combats emotions: Experts

ANDREW MCKEAN  |  TUESDAY, 11 APR 2023
... with an ageing population and shift towards retirement planning, spurred by the introduction of the Retirement Income Covenant, funds are in prime position to engage with members. "Superannuation funds are now starting to provide a lot more member education ...

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
... be important as we all overlay and outlay our retirement strategies." "I'm not talking about the Retirement Income Covenant (RIC) and what we're required to do, but our business strategies and how we're going to transform the funds into early ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... retirement outcomes in the new year. Both regulators will review how trustees have implemented the Retirement Income Covenant within their business strategies and operations, for the benefit of members, and to ensure trustees take steps to address deficiencies ...

Optimum Pensions urges super trustees to insure mortality risk

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... Optimum Pensions has urged super trustees to insure life expectancy and mitigate mortality risk to meet Retirement Income Covenant objectives. Optimum Pensions' ' The difference between insured and uninsured retirement products ' whitepaper said trustees ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... executive Adrian Stewart said. "That all changed in July last year, following the implementation of the Retirement Income Covenant (RIC). A bright line was clearly drawn by the government and APRA, the starting gun has been fired." The company said it ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... retirement outcomes in the new year. Both regulators will review how trustees have implemented the Retirement Income Covenant within their business strategies and operations, for the benefit of members, and to ensure trustees take steps to address deficiencies ...

Australians lack confidence in retirement: SSGA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... including the Your Future, Your Super (YFYS) reforms, aggressive super fund consolidation and launch of the Retirement Income Covenant (RIC), 40% of Australian respondents reported having little confidence in their preparedness for, or timing of, their ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... whilst not sacrificing good governance and due diligence," he said. Building cohorts Buoyed by the retirement income covenant, pension funds are gearing up to meet a growing need for retirement products. Miller notes that up until now, most have focused ...