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Showing 31 - 40 of 88 results for %22Comprehensive Income Retirement Products%22

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... deadline to provide income in retirement as a substitute or supplement to the Age Pension in the form of Comprehensive Income Products for Retirement (CIPRs) has been delayed from originally planned. Trustees have until 1 July 2020 to provide retirement ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
Assistant Treasurer Stuart Robert announced two major updates to the proposed Comprehensive Income Products for Retirement (CIPRs) initiative, one of which is giving superannuation trustees more time to get retirement income strategies in order. Robert ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... Federal Government said it would introduce a retirement income covenant requiring super fund trustees to offer Comprehensive Income Products for Retirement (CIPRs) and a consultation period was held in the same month. Despite this, SSGA's head of ...

Advisers can't ignore CIPR debate: SSGA

KARREN VERGARA  |  MONDAY, 20 AUG 2018
Financial advisers can't afford to ignore the Comprehensive Income Products for Retirement (CIPR) debate as it will affect all corners of the advice industry, a retirement solutions expert says. State Street Global Advisors head of retirement solutions ...

CIPR framework timely but questions remain

KARREN VERGARA  |  THURSDAY, 28 JUN 2018
... interest rate and expected return environment, another concern is the unrealistic expectations set for CIPRs (Comprehensive Income Products for Retirement) and if it can provide high sustainable retirement incomes, he said. "The requirement to have an ...

Super scorecard to shift consumer playing field

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
... clarity and choice for Australian retirees. "Government proposals for a retirement income framework, including comprehensive income products for retirement (CIPRs), are a big step forward. They will be an enhancement, not a disruptive change. Retiring ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... million members through TAL, has also called for regulatory changes to permit super fund trustees to provide more comprehensive rehabilitation services to members. "Those changes would result in more such members returning to work earlier than is currently ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... Services Licence (AFSL). A 100% allocation to an account-based pension (ABP) would not meet the definition of a Comprehensive Income Product for Retirement (CIPR). While all trustees are required to offer a CIPR, they can pick a third-party solution ...

Retirement income rules boost annuities: Challenger

ALEX BURKE  |  WEDNESDAY, 9 MAY 2018
Challenger said the new requirement for superannuation trustees to include comprehensive income products for retirement (CIPRs) will boost outcomes for retirees in blended annuity portfolios. As per the changes in the Budget, the new means test rules ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... stated its latest position on the Retirement Income Framework. Superannuation trustees will need to offer Comprehensive Income Products for Retirement (CIPRs) - products that provide individuals income for life - no matter how long they live. From 1 ...