A review by ASIC and APRA has identified a lack of progress and insufficient urgency in super funds embracing the retirement income covenant, designed to improve members' retirement outcomes. It comes as many Australians leave a significant portion of their superannuation behind at death. SBS Finance Editor Ricardo Gonçalves speaks with ASIC Commissioner Danielle Press for more; plus Robert Talevski from Activam takes a look at the day's market action including today's RBA minutes.
A review by ASIC and APRA has identified a lack of progress and insufficient urgency in super funds embracing the retirement income covenant, designed to improve members' retirement outcomes. It comes as many Australians leave a significant portion of their superannuation behind at death. SBS Finance Editor Ricardo Gonçalves speaks with ASIC Commissioner Danielle Press for more; plus Robert Talevski from Activam takes a look at the day's market action including today's RBA minutes.
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