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The impact of the retirement income covenant on advice
On a new episode of the ifa Show, host Neil Griffiths is joined by Challenger Limited’s Luke Cheetham.
As general manager retail distribution for the company, Luke jumped on the podcast to discuss the incoming retirement income covenant - which will require funds to have a retirement strategy in place for its members – set to come into effect on 1 July 2022.
Luke discusses the industry reaction to the covenant and what it will mean not only for retirees, but also the challenges and opportunities for financial advisers.
Listen to the full podcast below.
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