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Showing 51 - 60 of 114 results for "Retirement income covenant"

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took effect, a joint examination of 15 trustees by ASIC and APRA reveals that not only are super funds dragging their feet in ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... to propel the company's delivery of the "next generation" of retirement income solutions. "With the Retirement Income Covenant (RIC) taking effect in July 2022 and regulators calling for Life Companies to step-up to the plate, the time is now for a global ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... comparability assessment is still developing," Spragg noted. "When you view it within the lens of the Retirement Income Covenant (RIC), when we're trying to balance competing objectives of maximising incomes, flexible access and managing risks, this ...

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 ...