A thematic review of how superannuation trustees are supporting their members under the Retirement Income Covenant has found that trustees need to make more progress to enhance retirement outcomes. The review was conducted jointly by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). The covenant, which came into effect on 1 July 2022, requires trustees to develop a retirement income strategy to improve long-term outcomes for their members in or approaching retirement.

https://www.miragenews.com/super-trustees-urged-to-improve-retirement-1048406/

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