Submission to Department of Treasury: Development of the framework for CIPRs

This report has been prepared in response to a call for submissions from the Department of Treasury as part of its consultative process into the Development of the Framework for Comprehensive Income Products for Retirement (CIPRs).

We have reviewed the purpose of CIPRs. We have then considered how best to develop these products to meet the government’s objectives for them.

We have analysed the various types of CIPRs and tested where they might add value to different groups of retirees. We also consider whether the objectives might be met more efficiently through other means for some groups.