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Showing 1 - 10 of 26 results for "Members Interests"

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... recent reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting Members Interests First (PMIF) policies have contributed to a substantial reduction in superannuation insurance coverage for death benefits ...

Cbus scolded over 'most galling conflict' in super

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
... fund itself appears to have had "major doubts" about the bill. "Mr Swan and his board have a duty to put the members interests first, not the political interests of the Labor Party, the CFMEU or the union movement," Bragg said. "People need to know that ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... Likewise, VISSF chair Peter Sharples said the merger is a continuation of the funds' efforts to always put members interests first. "With increasing regulatory reform and growing trustee obligations, we recognise the importance and advantage of scale ...

AustralianSuper names next merger partner

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
... and benefits to members. "LUCRF Super will ensure that this merger will provide a model for how best to put members interests first during mergers of this kind." AustralianSuper currently has more than $225 billion in funds under management and more ...

Super funds under $30bn should merge: APRA

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... needed to improve including current directors with 20-year tenures on super boards. "[Funds talk about] putting members interests first. But the evidence to support that they genuinely do that is often not as easy to point to as it should be," she said. ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... attributed its February 2021 premium hike to COVID-19 and government reforms, and the February 2020 hike to Putting Members Interests First and Protecting Your Super. T asplan attributed its 7% fee hike in September 2020 to PYSP and PMIF.

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... of September 2020. MTAA also increased its death and TPD premiums in February 2020, attributing it to Putting Members Interests First and Protecting Your Super reforms and subsequent decrease in the number of members covered by its group insurance policy. ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... Retirement Fund exploring a merger. When the government passed the Protecting Your Superannuation and Putting Members Interests First reforms last year, super funds warned the changes would drive up the costs to members and Financial Standard consistently ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... now been completed. After a merger was announced, the IAG & NRMA Superannuation Plan trustees determined that members interests would be best served by a successor fund transfer to Sunsuper. "After an exhaustive review, the plan's trustee has concluded ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... depending on age and gender. The fund said the increases are a result of the Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out ...
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