Retirement Income Covenant: new PFL research shows 57% of the retirement industry have not yet analysed member data

New research from Plan For Life has identified a large degree of variation across Registrable Superannuation Entity Licensees in their published strategies to meet the Retirement Income Covenant requirements.

“Some of the strategies are minimal, others are more expansive, while in a few cases, longer and more detailed summaries have been released,” said Plan For Life.

Plan For Life has developed a set of six Benchmarks based on the Retirement Income Covenant Position Paper (Treasury) and Implementation of the Retirement Covenant (APRA) that focused on the key criteria for comparing the Retirement Income Strategies (RIS) formulated by Registrable Superannuation Entity Licensees.

Source: Plan For Life

Download Media Release: PFL RIC Market Review 2022 - media release