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Showing 21 - 30 of 111 results for "Protecting Your Super"

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... premium inflows fell 15% over the 12 months to June, with fresh legislation to blame. This includes the 'Protecting Your Super' legislation, which came into effect on 1 July 2019 (to protect super savings from unnecessary erosion by fees and insurance ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... members. It said it has fewer insured members covered by its group insurance policies after changes under Protecting Your Super and Putting Members' Interest First legislations. For example, a 40 year-old member with income protection (two-year benefit) ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... insurance fees will also go up depending on age and gender. The fund said the increases are a result of the Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... virtual meeting technology," 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 ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... 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 has resulted in a significant ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... said operating earnings were impacted by lower investment related revenue due to weaker investment markets, Protecting Your Super legislation, and product fee reductions. Controllable costs decreased by $1 million, down to $246 million in the first half ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... historically been universal cover for all and everyone contributes but not everyone claims." Evans explained the Protecting Your Super and Putting Members' Interests First measures gave members an opportunity to make an active decision whether or not ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... quarterly reported data on liquidity, early release demographics and insurance cancellations related to the Protecting Your Super reforms. For the monthly reports, APRA clarified the monthly benefit is to be reported for income protection insurance claims ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... questioned over whether it should have intervened when AustralianSuper introduced a new fee named after the Protecting Your Super legislation. In January AustralianSuper increased its admin fee, saying that from April 1 members would start paying the ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... "Additionally, we have seen a reduction in the amount of members who have insurance due to the government's Protecting Your Super and Putting Members' Interests First laws. This has also impacted insurance costs." From August 1 the annual cost for one ...