With the passing of the government’s Retirement Income Covenant legislation, funds now have a clear framework and timeline to guide their path forwards.

As we expect the number of retirement income products in the market to grow, it is crucial for funds to ensure they are appropriately resourcing education, advice and digital capabilities to support retirees in understanding, planning and managing their retirement strategies.

Camille Schmidt, Market Insights Manager, SuperRatings

Important information: Any express or implied rating or advice is limited to general advice, it doesn’t consider any personal needs, goals or objectives.  Before making any decision about financial products, consider whether it is personally appropriate for you in light of your personal circumstances. Obtain and consider the Product Disclosure Statement for each financial product and seek professional personal advice before making any decisions regarding a financial product.