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Showing 1 - 10 of 91 results for "Retirement Income Covenant"

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... APRA to prepare a new pulse check report by the end of 2025 to assess trustees' progress under the Retirement Income Covenant. "These reforms will work in tandem with the government's Delivering Better Financial Outcomes package, and we'll ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... "Our follow up work to the 2023 joint APRA/ASIC thematic review into trustees' progress against the retirement income covenant indicates some advancements are being made, but not in tracking and measuring the success of trustees' retirement income strategies," ...

Moneysoft acquired by MUFG Pension & Market Services

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2024
... our offering to superannuation, particularly in the third-party advice channel, the challenges of the Retirement Income Covenant, and international growth opportunities." MUFG Pension & Market Services intends to integrate the Moneysoft technology into ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... change that allows superannuation funds to nudge their members is primarily linked to reforms under the Retirement Income Covenant (RIC) and related regulations that govern how superannuation funds can interact with, and provide advice to, their members," ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... includes housing." Levy said regulators have looked at what trustees are doing to try and comply with the retirement income covenant and those regulators are already concerned that it is not enough. "I worry about adding to that burden. These are trusts ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... will include working with ASIC to ensure superannuation trustees meet their requirements under the Retirement Income Covenant. In addition, APRA chair John Lonsdale said the regulator would be taking a close look at the relationship between banks and ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... might look like, instead making it available for members to use in line with the requirements of the Retirement Income Covenant. This entailed the introduction of trustee default retirement options, that align with member profiles, seeking to assist ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... delivering strong returns and balances is only part of the job. "Two years on from the implementation of the Retirement Income Covenant, we are still having the same conversations. Equally, we're still seeing a lack of urgency in improving member services ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... in trustees' strategic and business planning, financial resource management, implementation of the retirement income covenant and fund transfers." The regulator wants to ensure that all decisions, particularly around expenditure, are made with members' ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... robust retirement income strategies and failed to integrate this mandate into their business plans. The Retirement Income Covenant, which was mandated on 1 July 2022, requires trustees to design a strategy for retirees that maximise expected retirement ...
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