How should trustees address the Retirement Income Covenant?BY KATRINA BACON, CECILIA STORNIOLO | FRIDAY, 22 APR 2022 2:22PMAs Australia's population ages, there is a greater need for superannuation funds to address the needs of the retired and retiring population. According to APRA's Annual ... Get articles like this delivered to your email - Sign up for the free weekly newsletter More Articles |
Latest News
HNW clients value quality over fees: Praemium
High-net-worth (HNW) Australians who receive ongoing financial advice are more confident in their investments than those managing their wealth alone, new research from Praemium and CoreData found.
TAL launches new campaign focused on mental health
TAL has launched a new campaign, working with youth media group The Daily Aus, and partners with the AFLW, aimed at promoting mental wellbeing.
Selfwealth expands into full-fledged wealth platform
Trading platform Selfwealth has launched three managed portfolios, expanding from online brokerage into a wealth platform.
Adviser increase the 'strongest' since FY20: Padua WealthData
The number of financial advisers has risen to 15,169, with net gains of six new members this week, according to Padua WealthData's analysis.
Further Reading
Cover Story

Advice with soul
SACHA BURCHGART
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.









Where are financial planners in this process? We're massively busy helping our retirees and pre-retirees achieve their outcomes and through regular reviews make sure we stay on track. I am very interested to see how this will roll out. So far I cannot see how this is NOT financial advice, nor do I understand why trustees are suddenly expected to provide a range or retirement options to members without becoming liable for advice that may have seemed appropriate at the time but looks different 10 or 20 years later. So will this force product providers to have their own tied advice team? If so, I see another Royal Commission down the track with another vertically integrated sales force on the ropes.