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Showing 21 - 30 of 76 results for %22Putting Members%27 Interests First%22

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... had to increase insurance premiums recently after legislative changes including the Protecting Your Super and Putting Members' Interests First packages saw the pool of insured accounts decrease. REI Super, Tasplan, legalsuper and Intrust Super all recently ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
The $1.6 billion super fund has increased insurance premiums for the second time in 18 months, blaming the Putting Members' Interest First legislation. Insurance premiums for REI Super members eligible for standard rates on death and total and permanent ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... came into effect on 1 July 2019 (to protect super savings from unnecessary erosion by fees and insurance costs) and the 'Putting Member's Interests First' legislation, which came into effect on April 1 earlier this year (to ensure members aren't paying ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... 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 as a driver, with APRA stats out ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... substantially similar or better insurance policies with lower premiums from alternative insurers," Allsopp said. "Instead of putting their clients' best interests first, the planners were incentivised by commissions and other benefits to funnel people ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... 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 time ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... 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 has resulted ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... 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 to retain their fund life insurance. ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... 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 coverage ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... 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 unit of combined death/TPD ...