AIST supports a revised principle-based and flexible retirement income covenant, progressed in tandem as soon as possible with a review of financial advice and a legislated objective of superannuation. Existing retirement income products serve many retirees’ needs and meet the members’ interests. New products, including longevity products, must also deliver to meet individual members best interests and needs. Funds may not collect or receive some information required for a retirement income strategy, and Government should facilitate collection of necessary data to enable funds to provide appropriate outcomes for members.