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Showing 31 - 40 of 119 results for "Protecting Your Super"

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 ...

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 ...