Search Results | Showing 11 - 20 of 39 results for "PYS" |
| | ... members the changes were as a result of recent legislative changes, such as the introduction of the Protecting Your Super (PYS) and Putting Members' Interests First (PMIF) legislation. Defence Bank Super said TAL advised that the legislative changes ... |
| | | A $3 billion industry super fund is the latest to hike fees ahead of the Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 ... |
| | | ... standard cover at HESTA, has remained unchanged after the review. HESTA is not the only one to rejig its insurance fee after PYS changes. Other funds who also changed fees include MTAA Super and Rest. |
| | | ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention. The regulator launched ... |
| | | ... for Assistant Minister for Superannuation, Financial Services and Financial Technology Jane Hume told Financial Standard the PYS fee cap would only hurt AustralianSuper for accounts with balances under $4000; the number of which has not been disclosed ... |
| | | ... than a year after the fund increased admin fees by 50% in March 2019, adding a further $39 per year to member fees. With the PYS legislation seeing fees and costs incurred by members with less than $6000 in retirement savings capped at 3%, the new fee ... |
| | | The Australian Securities and Investment Commission has warned superannuation trustees to improve the standard of communication to fund members about Putting Members' Interests First (PMIF) reforms, hinting it may take action against funds if necessary. ... |
| | | All options are on the table at Statewide Super, including looking at potential retail fund partners, but three-way mergers are too much execution risk, according to chief financial and operating officer Grant Eastwood. Statewide canned plans to merge ... |
| | | ... in the firm's submission. AMP revealed more than 5000 of its superannuation customers with inactive accounts under the PYS had elected to retain their insurance cover. However, the wealth manager said to comply with the PMIF bill it would need to ... |
| | | Industry opinion about how effectively the Protecting Your Super reforms were communicated is mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and ... |
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