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Showing 31 - 40 of 82 results for "Interests First"

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... 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. "At First ...

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
... 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 cover will ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... previously sent to members will hold except a change in insurance arrangements to accommodate Putting Members Interests First (PMIF) legislation. Earlier this month, Perpetual delayed a successor fund transfer of its MySuper product to CareSuper citing ...

Global manager reduces fees on flagship fund

ALLY SELBY  |  THURSDAY, 30 APR 2020
... manager Darren Hall said the management fee change would benefit both advisers and their clients. "Putting client interests first is a core value of our firm and a key determinant influencing our decision making," he said. "We are very pleased to offer ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... provision of life insurance through superannuation, including the Protecting your Super Bill and Putting Members' Interests First Bill, was to remove around 30% of members from insurance policies, and in doing so fundamentally change the group of members ...

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
... workers has had to increase its insurance premiums for the first time in 12 years as a result of the Putting Members Interests First legislation. ESSSuper put insurance premiums on death only and death and total and permanent disability up by 5%. Income ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... McMurtrie said. The administrator is also currently working through the Protecting Your Super and Putting Members' Interests First reforms. Link hasn't ruled out increasing its workforce to accomodate the changes, with McMurtrie explaining it ...

Morningstar boosts financial planning capabilities

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... firsthand how Morningstar's mission to empower investor success aligns with our commitment to put clients' interests first, and we share a belief in evidence- and research-based solutions." He argued Morningstar was the perfect partner to help ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... 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 have "created pricing pressure for insurers ...