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Showing 11 - 20 of 77 results for "Interests First"

Industry fund chief executive to depart

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... many people in the superannuation sector. He has consistently "walked the talk" when it comes to putting members' interests first," Martin said. "His contribution to both to the superannuation sector and to UniSuper's success was appropriately recognised ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... 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 ...

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... income protection premiums recently. Many of the funds said that the Protecting Your Super and Putting Members' Interests First reforms had triggered an exodus from group policies - decreasing the insured pool and increasing the cost for those remaining ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... 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. The PYS and PMIF legislation in particular ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... transferred to Sunsuper, with a few changes to align the insurance with Sunsuper's offering and the Putting Members' Interests First legislation. For example, the IAG & NRMA plan adjusted insurance when age or salaries changed, but Sunsuper adjusts insurance ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... attributes the rise in premiums to the recent changes in legislation, Protecting Your Super and Putting Members' Interests First, which has triggered an exodus members holding insurance within superannuation. "As a result, Media Super, like many super ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... insurance premiums recently after legislative changes including the Protecting Your Super and Putting Members' Interests First packages saw the pool of insured accounts decrease. REI Super, Tasplan, legalsuper and Intrust Super all recently increased ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... cover will increase from $1.67 to $2.01. The fund said following the implementation of the Putting Members' Interests First reforms the increase in insurance prices was necessary, but that it had "negotiated strongly" with group insurer MetLife to ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... 2019 (to protect super savings from unnecessary erosion by fees and insurance costs) and the 'Putting Member's Interests First' legislation, which came into effect on April 1 earlier this year (to ensure members aren't paying insurance fees for cover ...