Search Results | Showing 1 - 10 of 39 results for "PYS" |
| | ... coverage, pointing the finger at 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 ... |
| | | Tasplan and MTAA Super's $23 billion merged fund, Spirit Super, has reduced the weekly administration fees for members by 13.4%. Effective today, the administration fees are reducing from $1.50 per week to $1.30 per week. The merged fund has also ... |
| | | The Protecting Your Super Package legislation which asked super funds to hand over inactive accounts to the Australian Taxation Office (ATO) has returned $4.3 billion to members in about 17 months. Between 1 November 2019 and 28 February 2021, nearly ... |
| | | ... addition to the fees they were already paying. The fund said the fee was needed to cover a shortfall that was the result of the PYS legislation, saying: "This reduces the funds available to cover administration costs, products and services for all members. ... |
| | | ... cover our members have." The spokesperson said the rise is due to several factors, including government changes (PMIF and PYS reducing the insurance pool), an increase in claims, and the impact of COVID-19. Vision Super has also altered the definitions ... |
| | | ... This includes the Insurance in Super Voluntary Code of Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' Interests First (PMIF) legislation and COVID-19, according to the firm's 2020 underinsurance report. ... |
| | | ... meeting technology," McMurtie said. "We successfully worked through various legislations including Protecting Your Super (PYS), Putting Members Interests First (PMIF) and the COVID-19 ERS scheme. All of these initiatives required a high level of investment ... |
| | | First State Super's planned rebrand to Aware Super last week ran into trouble when the fund failed to disseminate the information in formats accessible to all members. A First State Super member, who has a hearing impairment, wrote to the fund's ... |
| | | ASIC has been questioned over whether it should have intervened when AustralianSuper introduced a new fee named after the Protecting Your Super legislation. In January AustralianSuper increased its admin fee, saying that from April 1 members would start ... |
| | | ... 34%. A spokesperson for TAL said the insurer does not comment on specific client arrangements but did say that the impact of PYS legislation is being felt. "The effect of legislation introduced in 2019 in relation to the provision of life insurance through ... |
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