A recent summit that focusses on behavioural finance and investment philosophy has suggested that the Government legislate that retirees take more out of their superannuation to discourage them from p
Being able to access the right MyGov information for members is crucial if firms are going to meet the Retirement Income Covenant requirements, writes Fintan Thornton.
Greater innovation in the decumulation phase for products, as well as greater access through platforms, are the two areas the retirement income covenant will help improve retirement income outcomes, according to Allianz Retire Plus.
Treasury's Retirement Income Covenant allows trustees to address member acquisition and retention challenges, following the introduction of ‘stapling’ as part of the Your Future, Your Super reform.