Super trustees urged to accelerate progress on retirement support for members
Why this matters
This regulatory update from ASIC and APRA focuses on the progress of superannuation trustees in developing retirement income strategies for their members, as required by the Retirement Income Covenant introduced in 2022. It highlights the need for trustees to accelerate their efforts to meet the diverse needs of retirees and those approaching retirement, which is an important consumer protection and prudential issue for the investment management, wealth management, and insurance sectors.
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What the ASIC said
Super trustees urged to accelerate progress on retirement support for members
Published by ASIC . Read the full notice at the source for the authoritative text.
Context
Australian Securities and Investments Commission (ASIC) — Australia's financial services regulator. We track 319 updates from them.
Australian financial services are regulated by ASIC and APRA. Browse all Australia updates.
This update is classified under Consumer Protection / Conduct, Reporting & Disclosure, Prudential / Capital Requirements and Investment Management.