Tick-a-box approaches to compliance may not only be expensive and time consuming but they could also be holding advisers back from taking the next step in putting ethics into practice and advancing towards broader community trust and professional recognition, JB Were’s Kym Bailey and McMahon Clarke’s Selina Nutley discuss.
The 250,000 reasons why super funds must nail Phase 1 of retirement now
Phase 1 of Retirement Income Strategy development, whereby funds aim to deliver retirement solutions and guidance regarding the member’s interest in the fund, is now well underway. But effective delivery of Phase 1 is needed before Phase 2, under which super funds play an expanded role in their members’ retirement, can be considered.
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