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Showing 61 - 70 of 114 results for "Retirement income covenant"

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 ...

Australian retirement system given B+

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... outcomes for retirees and their access to financial advice. The increase in the SGC rate to 10.5%, and the Retirement Income Covenant partially address our weak link with respect to our adequacy score and will help improve our ranking over time," CFA ...

Retirement fears on the rise: AMP

CHLOE WALKER  |  WEDNESDAY, 28 SEP 2022
... Australians feel more comfortable and confident about retirement, he said. "And with the government's Retirement Income Covenant, the superannuation industry is more focused than ever on helping members retire well through better products and services," ...

Still work to do on QAR: Levy

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... funds are providing is now more complex, we're getting into an area, partly as a result of the retirement income covenant, where that kind of advice could expand. It could cover things like the transition to retirement." She said there is a lot of ...

AMP's Edwina Maloney joins ASFA board

ANDREW MCKEAN  |  TUESDAY, 20 SEP 2022
... a valuable contribution to the board at a critical time as the industry begins to implement the new Retirement Income Covenant." Dransfield also thanked outgoing director Howes for her contributions to ASFA as a policy committee member, finance and risk ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
... strategy summaries shows a great disparity between super funds' approaches. Under the requirements of the Retirement Income Covenant, trustees set out how they'll help members with their retirement outcomes, making summaries publicly available in July. ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... trustees' compliance with new enforceable standards. As well as review trustees' implementation of the Retirement Income Covenant and communicate its findings to drive improved retirement outcomes for consumers while continuing surveillance of superannuation ...

Most retirees want pension support through super: Report

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... preferences for fund solutions, specifically around accessibility, relevance and affordability. The Retirement Income Covenant (RIC) that came into effect last month extends trustee obligations to provide and execute a cohesive retirement strategy that ...