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Showing 1 - 10 of 59 results for "Comprehensive Income Product"

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
The government has released a position paper on the Retirement Income Covenant and is inviting submissions until August 6. Subject to the legislation passing, the government plans to have the covenant come into effect in July 2022. The new paper, released ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
QSuper is building a new retirement product that guarantees a lifetime income, hoping to combat longevity risk and fears that retirees will run out of money. Chief executive Michael Pennisi told a recent member update that the product, while still in ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
Nearly four months after Treasury received the Retirement Income Review's final report, it is expected to be released to the public tomorrow. An independent three-person panel of Treasury veteran Mike Callaghan, former Future Fund board member and ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
ASX-listed Generation Development Group is set to pay about $20.1 million to buy a 37% strategic stake in investment research and ratings house Lonsec Holdings Pty Ltd. Generation will raise up to $35 million via an institutional placement and accelerated ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
An American manager looking to tap the Australian market has had a change of direction as it sees greater opportunities in superannuation funds' requirement to develop retirement income products. Thornburg Investment Management which was founded ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A senior specialist on ASIC's superannuation team has taken a consultancy role within a law firm's financial services team. Ruth Stringer joined Herbert Smith Freehills on September 2. She has more than 30 years of experience, most recently at the Australian ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
The newly elected Federal Government has vowed to review the retirement income system and the numerous changes to superannuation that have been muted in the lead up to the election. Federal Treasurer Josh Frydenberg confirmed to the Australia Financial ...

Should super funds segregate pension assets?

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
... in an unsegregated structure may not be nuanced enough to meet the legislative requirements of a Comprehensive Income Product for Retirement. "There is no hard and fast rule on what the best approach is - but any decision needs to be far more nuanced ...

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
The Actuaries Institute has welcomed the Government's action on Comprehensive Income Products for Retirement, including the requirement for all superannuation funds to offer a retirement income strategy. Acknowledging the passage of legislative changes ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
... future retirees and pre retirees would be the Treasury's requirement for all funds to offer a comprehensive income product for retirement (CIPR). "I think CIPRs was a very misconceived idea and we have done very little work on it," he said. "It is ...
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