Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 35 results for "Retirement Income Covenant"

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... also advised that retirement product provisions required greater attention, particularly with the new retirement income covenant soon coming into effect. Byres said: "As the superannuation system matures and an increasing proportion of Australians move ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... sector's disruption. And this is even before we consider the impact of the transformative effects of the Retirement Income Covenant."

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
Writing to super fund trustees, ASIC and APRA have confirmed that under the Retirement Income Covenant funds will need a strategy in place by July 2022. Outlining the timeline for implementing the covenant, ASIC and APRA said by 1 July 2022 funds are ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside the Retirement Income Covenant and the Corporate Collective Investment Vehicles regime. From 1 July 2022, all employers must pay superannuation ...

Advisers can step up to retirement planning boom

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
With the passing of the Retirement Income Covenant, there has never been a better time for advisers to position themselves as retirement advice specialists. This is according to SuperEd chair Jeremy Duffield, who predicts that retirement planning will ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... expected in 2023. In terms of retirement income, APRA said it intends to support the implementation of the Retirement Income Covenant, with changes to the prudential framework subject to legislative timeframes. "APRA will work with all participants in ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... sector right is also a priority for Labor. Jones sees advice as the missing puzzle piece among the Retirement Income Covenant and the accumulation phase. But currently, the advice sector "is in turmoil," Jones said. "The old business model is stuffed ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... approaching retirement. The Financial Services Council chief executive Sally Loane said the progress of the Retirement Income Covenant is strongly supported. "There is an urgent need for the Retirement Income Covenant as a growing proportion of Australians ...

Role of adviser to change: Fidelity

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... to be tailored. "Any solutions that the super trustees are grappling with at the moment around the retirement income covenant need to be cognisant of the fact that every retiree's experience is different, and flexibility is required," Andriessen said. ...
PAGE:
1
PREVIOUS
NEXT