Superannuation funds looking to meet the regulators expectations of the Retirement Income Covenant (RIC) have been helped by Treasury's publication of the Best Practice Principles for retirement income solutions. These principles highlight the key requirements ... Read more

Australia's retirement system is entering a critical new phase. Over the next decade, 2.5 million Australians are expected to enter retirement, while more than 1.5 million fund members are already in a retirement income account, collectively entrusting ... Read more

Australia's superannuation system is world-class in accumulating retirement savings, but there is work to be done in the retirement phase. Today, 4.7 million Australians are aged over 65, and yet, only 1.8 million receive an income from their super. ... Read more

Australia's superannuation system excels at accumulating savings, yet it falls short on helping Australians convert those savings into a reliable income in retirement. The Mercer-CFA Institute Global Pension Index reflects this gap, with our attitude ... Read more

One of the challenges for a super fund is to help every member find an appropriate retirement income solution and guide them. Previous Challenger research has highlighted that many members are left in the accumulation phase, even after they retire ... Read more

Managing retirement income in the current environment is a mixed bag. On the one hand, higher interest rates are welcome news for retirees after more than a decade of declines. While on the other, high inflation threatens purchasing power. Ongoing market ... Read more

As super funds prepare to publish their retirement income strategies to comply with the new Retirement Income Covenant, the next question is what are they going to do differently? What innovations will be available to help members in retirement? Tom ... Read more

Generating the income for retirement from accumulated savings is a challenge that comes with additional risks to the retiree. For this reason, the Retirement Income Covenant will, from July 2022, require superannuation funds to have a strategy for their ... Read more

Retirees often ask their adviser if it is a good idea to lock in retirement income in a low interest rate environment. There is often a sense that "rates will have to rise" so clients assume that it makes sense to wait. To help in these discussions ... Read more

Challenger's Jeremy Cooper and Aaron Minney take a look at the retirement phase of superannuation, advocating the inclusion of longevity protection products in addition to the standard account based pensions. Read more