APRA is worried that it “cannot be confident” that super fund trustees are adequately implementing the Retirement Income Covenant, and work is needed on three key areas....
Two RSE licensees are exploring digital planning services and a third is considering a digital advice tool, but the latest APRA/ASIC thematic review has suggested several...
One year into its implementation, a joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the R...
Defining super is a good start, but delivering retirement income is the best outcome, writes Adrian Stewart....
The Retirement Income Covenant should not be viewed as another compliance exercise by funds, according to APRA member Margaret Cole, and industry change will be a “marath...
Trustees will need to focus on understanding membership, design and distribution obligations, member education and advice, and compliance and governance to be able comply...
Aware Super has welcomed the Government’s draft legislation on the proposed Retirement Income Covenant, saying it will better position the superannuation industry to meet...
Membership engagement in superannuation funds has never been more important as the industry goes through significant regulatory changes, according to Cbus....
The review should address the optimisation of the income members receive in retirement, according to the Australian Institute of Superannuation Trustees....
The draft legislation will codify the obligation for superannuation trustees to have a retirement income strategy which outlines how they plan to assist their members....
Treasury's Retirement Income Covenant allows trustees to address member acquisition and retention challenges, following the introduction of ‘stapling’ as part of the Your...
In its submission on the covenant, KPMG has raised concerns for trustees relating to the difficulty in navigating the divide between general and personal financial produc...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...