There has been considerable policy debate about the regulation and design of retirement income products. The government has been developing a framework for Comprehensive Income Products for Retirement (CIPRs) following recommendations made by the Financial System Inquiry (FSI) way back in 2014. This has the laudable aim (and considerable challenge) of increasing the range of retirement income products to meet a wider variety of retiree needs and improve the standard of living of retirees. The first CIPR in the market is still some time away with some necessary policy settings (such as appropriate means test provisions for the Age Pension)...