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Showing 71 - 80 of 85 results for %22Retirement Income Covenant%22

Retirement income covenant delayed

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
The government is delaying the introduction of the retirement income covenant, due to the impact of COVID-19. Originally slated for introduction on July 1, the retirement income covenant has been delayed, with the government not yet in a position to ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... retirement income strategies. The Government should reassess the benefits, costs and detailed design of the Retirement Income Covenant - including the roles of information, guidance and financial advice - and only introduce the Covenant if design imperfections ...

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
... Strategy Group convenor Andrew Boal said the institute welcomes plans to prioritise the development of a retirement income covenant, and that all superannuation funds should develop a retirement income strategy for members. In doing so, the institute ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The government should abandon the Retirement Income Covenant proposed last year, if it can't sufficiently remediate its flaws by the deadline, the Productivity Commission says in the final report. Treasury has already extended the deadline on Comprehensive ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Treasury is seeking consultation on disclosure documents and calculation methods for its proposed retirement income covenant. Phase two of the Retirement Income Framework is aiming to develop standardised and simplified metrics in product disclosure ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... suitable for, has been extended to $100,000. It was originally proposed that the framework, including the retirement income covenant, would be legislated by 1 July 2019 and will commence 1 July 2020. The Government has delayed the implementation deadline ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... State Street Global Australia. In its May budget, the 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 ...

CIPR framework timely but questions remain

KARREN VERGARA  |  THURSDAY, 28 JUN 2018
... according to SuperEd, the robo-adviser aiming to improve retirement incomes. In its submission paper to the Retirement Income Covenant Position Paper, SuperEd said it fully supports the Government's move to address the needs of a maturing membership ...

PC puts spotlight on lifecycle super products

KARREN VERGARA  |  MONDAY, 25 JUN 2018
... and final day of hearings in Brisbane it will scrutinise the competitiveness and efficiency of lifecycle and retirement income products in its review of the superannuation system. Productivity Commission deputy chair Karen Chester said the review didn't ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
Treasury has laid out principles for its proposed retirement income covenant and is inviting stakeholders to submit consultation for the next four weeks. Here are key takeaways from it. The paper's primary suggestion - as expected -- is that all ...