About

1 July 2022 might be the date from which the new Retirement Income Covenant takes effect, but what do superannuation trustees need to do to get ready?

Reforms relating to superannuation trustees’ management of the retirement phase of the superannuation lifecycle have been on legislators’ and regulators’ agenda for some time.  With the introduction of the Retirement Income Covenant, this intention is becoming a reality.  This will bring scrutiny and an increased focus on the administration, execution and transparency of trustees’ approaches to managing the retirement phase of members’ superannuation interests. The interaction with other requirements including the best financial interests duty, the restrictions on financial advice, the anti-hawking rules and PDS requirements must also be considered.

This workshop, facilitated by Sarah Yu from King & Wood Mallesons, will provide informative and practical insights into this new regime and help you understand how to get ready and what you should be doing now.

Don’t miss this information-packed session.

Key topics to be discussed include:

• What is the new Retirement Income Covenant?
• What are the obligations related to it?
• What practical steps do superannuation trustees need to take to get themselves ready for 1 July 2022?
• How will implementation of the new regime be administered by the regulators?

Who should attend?

• trustees and directors
• CEOs and senior management staff
• governance, compliance and risk professionals
• service providers
• those who support the board/trustee function.

How you’ll learn

One-hour online virtual workshop

ASFA’s virtual workshops are a live and interactive learning experience. Participants can engage with industry-leading presenters who are experts in their field, together with their peers, just like they would at an ASFA face to face workshop. It is a unique opportunity to workshop ideas and concepts in a collaborative online environment facilitated by experts.

Virtual workshops are limited to 30 participants to allow for discussion, and to ensure that participants have ample opportunity to ask presenters questions..