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

Search Results

Showing 41 - 50 of 62 results for "CIPR"

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

The era of the retirement consultant

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2017
The looming wave of retiring baby boomers is paving the way for the creation of the 'retirement consultant.' According to a new paper from actuarial consultancy Milliman, the need for the assistance of a consultant focused solely on the implications ...

MySuper progresses to MyRetirement

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
The Federal Government is taking a leaf out of the MySuper playbook, suggesting Comprehensive Income Products for Retirement become MyRetirement products. Releasing a Treasury consultation paper on the development framework for CIPRs, Government Minister ...

CIPR discussion paper by year's end

DARREN SNYDER  |  WEDNESDAY, 14 SEP 2016
... head, Jenny Wilkinson, told the Australian Superannuation Investment conference in Cairns the discussion paper will outline a CIPR objective and how Treasury believes trustees should implement the new product. Wilkinson said Treasury believes a CIPR ...

Super needs to pick up its retirement game

DARREN SNYDER  |  MONDAY, 30 MAY 2016
Australia's superannuation industry has scope to become the world's best system once it tackles how to invest in retirement by avoiding sequencing risk. This was one of the key views presented by BT general manager superannuation Melinda Howes at a ...

Annuity sales growth drive up Challenger 1H16 profit

ALEX BURKE  |  TUESDAY, 16 FEB 2016
Continuing growth in annuity sales has driven Challenger's 1H16 after-tax profit up 18% on 1H15 to $182 million. Challenger chief executive Brian Benari argued that a significant factor in this was annuity sales driven by interest in Comprehensive Income ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... legislative impediments to product innovation and the options to pre-select a comprehensive income product for retirement (CIPR). The introduction of a CIPR-style product option should deliver greater income security and protection throughout retirement," ...

Parametric knows what keeps super trustees sleepless

DARREN SNYDER  |  WEDNESDAY, 13 JAN 2016
... which Parametric manages over both MSCI ACWI and S&P 500 equity portfolios, are available options for super funds building a CIPR.

UniSuper develops retirement product

LAURA MILLAN  |  THURSDAY, 10 DEC 2015
... income solution that addresses issues such as longevity or sequencing risk. The comprehensive income product for retirement (CIPR) is designed to provide members with access to a default lifetime pension on retirement and greater flexibility during the ...

CIPRs not the entire answer for retirement

DARREN SNYDER  |  FRIDAY, 27 NOV 2015
The proposal for superannuation funds to have a comprehensive income product for retirement (CIPR) has experts cautious about defaulting members at a time when individual retirement solutions are most needed. Speaking at the Association of Superannuation ...