AdviserVoice

Regulation/Reform

MLC response to Government’s retirement consultation

Renee Howie

“MLC welcomes the Australian Government’s release of the consultation papers on Best Practice Principles for Superannuation Retirement Income Solutions and the Retirement Reporting Framework. These papers represent a significant step forward in strengthening Australia’s retirement income system and ensuring better outcomes for the millions of Australians transitioning into retirement over the coming decade.

As one of Australia’s leading superannuation brands, MLC strongly supports the Government’s focus on improving transparency, product innovation, and member engagement in the retirement phase. The proposed principles and reporting framework align closely with our own commitment to delivering more flexible, personalised, and sustainable retirement income solutions.

The release of these papers comes at a pivotal time, as MLC launches MLC Retirement Boost™ to help Australians boost their income in retirement by leveraging the concessional treatment of innovative retirement income streams.

MLC is committed to empowering Australians to plan for retirement with greater confidence, flexibility, and clarity. We look forward to contributing to the consultation process and continuing to work with Government, regulators, and industry partners to help shape a retirement system that delivers for all Australians.”

By Renee Howie, MLC’s Chief Customer Officer

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