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Showing 361 - 370 of 517 results for "Your Super"

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only ...

PYSP queries inundate super funds

KARREN VERGARA, JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... experiencing high call volumes relating to both the end of the financial year and the government's recent Protecting Your Super legislation changes which are leading to longer wait times, and we're also investigating claims of calls to us being ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... death cover earlier. CareSuper said the changes are being introduced in line with the Federal Government's Protecting Your Super Package. "Our new offering takes all this, in addition to recent claims experience, into account. For some members it means ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
The $67 billion superannuation fund is reducing some of its fees as part of the Protecting Your Super changes. From July 1, Sunsuper is slashing weekly fees for pension members from $3.00 to $1.50. It will also reduce investment fees for its default ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund, have made ...

Superannuation fund cuts fees

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
An ethical superannuation disruptor is the latest to adjust its fees before the Protecting Your Superannuation legislation hits. Future Super is cutting fees for low balance members. From July 1, the $400 million fund will remove the set dollar administration ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 and Regulations (PYSP), part of which bans exit fees from July 1. "We understand that some issuers may have ...