Retirement Income Covenant
By 1 July 2022, all APRA regulated super funds must have developed, and made publicly available, their retirement income strategy. Find out how you can stay on track with our simple checklist.
Find out how you can stay on track, before it’s too late
The government recently legislated the long-awaited Retirement Income Covenant when the Federal Parliament passed the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (the Act). The Act inserts the covenant as a new statutory covenant in the Superannuation Industry (Supervision) Act 1993.
The covenant requires all APRA regulated super funds to have a documented strategy to identify the retirement income needs of fund members, and to develop a plan to service those needs, in place before the July 2022 deadline.
Now is the time for fund trustees to ensure they are on track to meet the 1 July 2022 deadline. Find out what this all means and how you can start looking to design and execute on retirement strategies with our easy-to-use checklist.
