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Showing 31 - 40 of 62 results for "CIPR"

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
More changes to Australia's $2.6 trillion superannuation system, additional funding to the nation's financial services regulators, personal tax cuts and additional pensioner benefits are the major talking points of Budget 2018. The 2018 Budget is arguably ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... minimum of five years and then 30% for the rest of the person's life. Morrison said people will not be forced to take up a CIPR at retirement. It will simply increase the choice of retirement products available. Also, new Age Pension rules will not affect ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... performance against CPI, Milliman said. It added that any default MyRetirement or comprehensive income product for retirement (CIPR) products that are indexed to the CPI are likely to be affected by the findings. The research also challenges "broad brushstroke ...

FASEA consultation could sway retirement outcomes

JAMIE WILLIAMSON  |  MONDAY, 9 APR 2018
... states. As such, Challenger is calling on the industry to work together in ensuring these issues are addressed in both the CIPR reforms and the FASEA consultation process. "Between these two reforms initiated by the current Coalition government, there ...

MyRetirement products too pricey for super funds

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
Delay in progress on the development of MyRetirement (CIPRs) products may not be due to a lack of initiative from superannuation funds but rather reluctance around expenditure. A running point of discussion at the recent Conference of Major Superannuation ...

O'Dwyer names CIPR advisory group

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
A new advisory group comprising some of the superannuation and retirement industry's biggest names will assist the Federal Government in developing a Comprehensive Income Products for Retirement framework. In establishing the consumer and industry advisory ...

Super funds embrace derivatives to meet retirement goals

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
... physical security replacement and to enhance yield," he said. And amid the Comprehensive Income Products for Retirement (CIPR) or MyRetirement discussions, it should include derivative strategies to address the dynamics of the pension phase for members. ...

MyRetirement too product heavy: Morningstar

KARREN VERGARA  |  MONDAY, 26 JUN 2017
... different product components into an overall retirement income solution for retirees." Morningstar also highlighted "that while a CIPR may be good for some investors, many will not benefit because of their unique circumstances." It urges for a two-pronged ...

Default retirement products not good enough: Milliman

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
... default options won't be good enough with CIPRs. "While a 'safe harbour' is proposed to protect trustees from claims that a CIPR was not in the best interest of an individual member, the reputational damage could be more extreme," Gebler said in a recent ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
The Federal Government's latest development of regulation for new retirement income streams is now open for public consultation. Adding to the existing draft legislation, the government has proposed that superannuation funds and insurance companies ...