Watch Ashton Jones, TAL’s General Manager Growth, Retirement and Wealth Partnerships and Andrew Boal, Partner, Actuarial Consulting – Deloitte, unpack what the retirement income covenant means for super funds: considering how we got here and what now needs to be done to further improve retirement outcomes.
This three-part discussion builds on the Deloitte work in taking the learnings from the Group insurance industry and developing a Retirement Solutions Assessment Framework to assist funds when they embark on selecting retirement products and providers to build out their solution as part of satisfying their obligations under the Covenant.
Ashton Jones believes recent regulator feedback for funds has been quite pointed, and presents a clear opportunity for trustees to move the dial on retirement outcomes.
Ultimately, says Andrew Boal, funds need to know what their members need in retirement, and how it is that the product solution is going to help, and how to communicate that to members.
View this special three-part discussion below, which speaks to: