Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 26 results for "Members Interests"

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... 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 of resources and ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... said in a significant event notice to members that the changes to premiums were necessary because the Putting Members Interests First and Protecting Your Super reforms had reduced the number of members with insurance. "The introduction of these reforms ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... result of accessing their super funds will have to cancel their insurance as a result of the government's Putting Members Interests First legislation," Hume said. "This simply is not true. If an account doesn't have enough money to cover premiums then ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... details previously sent to members will hold except a change in insurance arrangements to accommodate Putting Members Interests First (PMIF) legislation. Earlier this month, Perpetual delayed a successor fund transfer of its MySuper product to CareSuper ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... pricing new policies with taking into account the impact of the PYS legislation. "We have modelled the PYS/Putting Members Interests First impacts by calculating the 'excluded premiums' and the 'excluded claims' that will occur as a result of the changes ...

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
... workers has had to increase its insurance premiums for the first time in 12 years as a result of the Putting Members Interests First legislation. ESSSuper put insurance premiums on death only and death and total and permanent disability up by 5%. Income ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... The fund also said the cost of implementing two major legislative changes - Protecting Your Super and Putting Members Interests First - and an increase in disability claim volumes requires an overall increase in the rates charged by its group insurer ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... result was due to a combination of client losses and the impact of regulatory reforms, including the Putting Members Interests First and Protecting Your Super legislation. However, Link pointed to "strong underlying member growth" and improved fee for ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... meets the needs of their combined memberships. MTAA said the fee changes were necessary because the Putting Members Interests First and Protecting Your Super reforms meant a significant decrease in the number of members covered by its group insurance ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... superannuation trustee, failed to perform its duties and act in the best interests of members and failed to take members interests as a priority where conflicts arose. Principal lawyer at Maurice Blackburn Miranda Nagy said the case will focus on CFS' ...