Optimum Pensions supports the Government’s introduction of the Retirement Income Covenant and believes this will assist superannuation funds to develop or utilise better retirement solutions for their members.

We note that while the position paper refers to longevity products, there is no explicit requirement for trustees to include longevity products in retirement strategies.

Read our response: Giving Effect to The Retirement Income Covenant [vc_row el_class=”internal-blog-with-margin”][vc_column][us_btn label=”Download” link=”url:https%3A%2F%2Fwww.optimumpensions.com.au%2Fwp-content%2Fuploads%2F2021%2F09%2FRIC-submission-Optimum-Pensions.pdf|target:_blank” style=”5″ icon=”far|file-pdf” iconpos=”right”][/vc_column][/vc_row]