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Showing 1 - 10 of 40 results for "Comprehensive Income Products for Retirement"

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
... report asked the government to reassess the design and implementation challenges of Comprehensive Income Products for Retirement (CIPRs) - and walk away from it if it needed to focus on more important issues for retirees. The paper released yesterday ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... akin to MySuper products. The federal government is aiming to create a framework for Comprehensive Income Products for Retirement (CIPRs). Such products will meet minimum standards and provide higher income than an account-based pension drawn down at ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... to be the government's position on the planned SG increase decision, status of comprehensive income products for retirement (CIPRs) and legislation for the revamped heat maps test announced at the budget. Grattan has previously flagged it expects ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... address longevity risk, which has been a focus of the ongoing plan to introduce the Comprehensive Income Products for Retirement regime. The equity raise is being handled by Moelis Australia and Morgans as joint lead managers and underwriters. About ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... year and a half since its first visit, Thornburg sees greater opportunity in CIPRs (Comprehensive Income Products for Retirement) for which super funds are required to have a plan in place by July 2020. Thornburg's focus in now on its investment ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... the Australian Securities and Investment Commission. She was also a member of the Comprehensive Income Products for Retirement (CIPR) Framework Advisory Group which was formed to advise the Treasury on legislation framework for the new retirement income ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... Covenants, which would require trustees to develop retirement income products or Comprehensive Income Products for Retirement (CIPRs) and strategies prior to 1 July 2019. While Treasury opened the proposal for consultation, the covenant was ultimately ...

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 ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... income in retirement as a substitute or supplement to the Age Pension in the form of Comprehensive Income Products for Retirement (CIPRs) has been delayed from originally planned. Trustees have until 1 July 2020 to provide retirement income strategy ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
Assistant Treasurer Stuart Robert announced two major updates to the proposed Comprehensive Income Products for Retirement (CIPRs) initiative, one of which is giving superannuation trustees more time to get retirement income strategies in order. Robert ...
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