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

Search Results

Showing 1 - 10 of 110 results for "Retirement income covenant"

Super funds race to implement digital advice

VINNY VUCAGO  |  FRIDAY, 12 JUN 2026
... as a key growth area as regulators continue to push funds to improve retirement outcomes under the Retirement Income Covenant. Michelle Lusty, head of Midwinter advice products, said leading funds are already seeing strong engagement with digital advice ...

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA  |  THURSDAY, 11 JUN 2026
... Laughlin said the new firm helps navigate the complexities of retirement income planning under the Retirement Income Covenant. Cipher IQ centres on personalised online retirement-income modelling platform MyRI, which is designed to test, compare and ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... SMSF market ($1.8 trillion FUM), offers products and services that are most closely aligned to the Retirement Income Covenant (RIC). It said in its submission that recent licence conditions introduced by APRA on trustees of platforms will lead to some ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... of their members." APRA's work will also cover retirement outcomes. Following the release of the Retirement Income Covenant pulse survey findings in November 2025, APRA said it is working with ASIC to provide individual feedback to trustees over ...

APRA kicks off Retirement Reporting Framework consultation

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... it can effectively collect and report data from superannuation funds as part of its work under the Retirement Income Covenant. The prudential regulator has released details of how it can work with the industry to implement the new reporting framework ...

Chalmers releases retirement phase reforms

ELIZA BAVIN  |  TUESDAY, 24 FEB 2026
... track progress on uplift across the sector. The new measures build on the obligations introduced by the Retirement Income Covenant. They will be reviewed regularly to ensure they remain fit for purpose and reflect evolving industry practice. "Together ...

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... income. This change, it said, would also help funds deliver on the 'flexibility' objective in the Retirement Income Covenant. "The 'silver economy' represents a significant economic opportunity for Australia. By enabling retirees to maximise ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

APRA to continue crackdown on super fund expenditure

ELIZA BAVIN  |  THURSDAY, 13 NOV 2025
... account," she said. Beverley-Smith added that there is further work for funds to do to comply with the Retirement Income Covenant. "The Covenant was introduced three years ago to ensure the industry had strategies in place to support the growing number ...

HUB24, TAL to launch retirement income product

KARREN VERGARA  |  WEDNESDAY, 12 NOV 2025
... billion and $16 billion respectively. ASIC recently told superannuation funds to do more to uphold their Retirement Income Covenant obligations. One in five trustees cannot track the success of assistance to members in balancing the objectives of the ...
PREVIOUS
NEXT