COTA Australia provided brief comments on the Retirement Income Covenant Position Paper issued by Treasury.
COTA Australia broadly supported the proposals in the Position Paper. In particular COTA Australia supports the two Covenant Principals and the eight Supporting Principles.
COTA Australia Chief Executive was a member of the consumer and industry advisory group that provided advice to Treasury on possible options and scope of a retirement income covenant. As part of that process COTA was given a number of opportunities to present a consumer perspective into that process.