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Showing 11 - 20 of 76 results for %22Putting Members%27 Interests First%22

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
... strong commercial acumen, as well as unique skills that ensure diversity of thought and an ongoing culture of putting members first, which will define the merged fund from day one," said Luke and Fraser. "The merged fund's membership will be well ...

Industry fund chief executive to depart

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... well as by so 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 ...

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
... also all increased 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 ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... contact their provider to commence a retirement income product, the review found, but conflicts of interests exist between putting the interest of members first and retaining member money to maximise funds under management. Many industry stakeholders ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... recent Standing Committee on Economics into super heard instances of ticket clipping and maximising the bottom line above putting the interests of members first. Deputy chair and MP Andrew Leigh broached the notion: "How does a for-profit fund adhere ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... 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. The ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... members has been 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 ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... period. Media Super 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 ...