Current as of 17 Feb 2026. Always verify current year rates.
What is the Retirement Income Covenant, and what does it mean for members?
Short answer:
The Retirement Income Covenant expects super trustees to have a strategy for supporting members’ retirement income, including income, risk management and flexibility. It doesn’t mean your fund must provide personal advice, but it should explain its approach and provide tools or guidance. Use APRA’s covenant information and your fund’s published strategy.
Key takeaways
Funds must have a retirement income strategy
Focus includes income, risk and flexibility
Not the same as personal advice
Your fund should publish its strategy
Compare support tools across funds
Why this matters
Better support reduces confusion and helps steadier decisions around drawdowns and risk.
Mini-plan (3-4 steps)
- Find your fund’s retirement income strategy.
- Review the tools/guidance they provide.
- Compare with APRA’s overview.
- Seek licensed advice for personal recommendations.
Related questions
Sources (so you can verify)
Disclaimer: Information provided is general in nature and does not constitute personal financial advice. You should consider seeking advice from a licensed financial planner before making any financial decisions.
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