National Conference 2022
This session will examine how to construct retirement income strategies for SMSF retirees that align with and build on the objectives of the retirement income covenant and to provide a holistic and tailored retirement solution. A key consideration here will be the impact of sequencing risk on outcomes in retirement – what is sequencing risk, why does it occur and what strategies are available to manage and reduce this risk.
Further, we will provide an overview of what APRA regulated funds are doing to meet the requirements of the retirement income covenant and what this means for retirement product design and strategies offered to fund members. We will discuss potential impacts of the retirement covenant on how financial advice is delivered for retirement, and analyse the value proposition of SMSFs in light of the retirement strategies being delivered by APRA regulated funds.
At the end of this session, you will be able to:
- Be confident in explaining what sequencing risk is and how it impacts a retirement strategy;
- Develop comprehensive retirement strategies which address sequencing risk;
- Understand the requirements of the retirement income covenant for APRA regulated super funds, and;
- Articulate the value proposition for advice and SMSFs in retirement.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association