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Showing 31 - 40 of 111 results for "Protecting Your Super"

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... quarterly reported data on liquidity, early release demographics and insurance cancellations related to the Protecting Your Super reforms. The PDC will provide the regulator with enhanced data surrounding ERS, set to provide better analysis of the demographics ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Australia will not be easy," he said. "The impact of COVID-19, in addition to account consolidation, the protecting your super package and other pressures, will accelerate the challenges for some funds, especially as billions of dollars have already ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... mandates. Additionally, $205 million was written off as impacts from the implementation of the government's Protecting Your Super legislation. Even when taken without those impacts, AMP's Australian wealth management arm still suffered to the tune of ...

AustralianSuper increases premiums

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2020
... to reduce premiums in May 2018, but premiums were also then increased from 1 June 2019 on the back of the Protecting Your Super reforms by an average of 17% for death, 38% for TPD and 9% for income protection. The fund also moved to assure members that ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. Members of Crescent Wealth Super, Members of Defence Bank, Bankfirst and ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... changes will need to be implemented," 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 ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... passing in 2019, the government's flagship insurance reforms - the Putting Member's Interest First and Protecting Your Super bills - are set to cancel default insurance inside superannuation for members under the age of 25, with less than $6000 ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... informed members the changes were as a result 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 ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... substantially reduced," Cbus said. The fund also said the cost of implementing two major legislative changes - Protecting Your Super and Putting Members Interests First - and an increase in disability claim volumes requires an overall increase in the ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... of client losses and the impact of regulatory reforms, including the Putting Members Interests First and Protecting Your Super legislation. However, Link pointed to "strong underlying member growth" and improved fee for service revenues as keys to underpinning ...