Search ResultsShowing 31 - 40 of 100+ results for "Super"
APRA floats insurance in super change
HARRISON WORLEY  |  MONDAY, 25 NOV 2019
APRA has floated proposed revisions to prudential standards covering insurance in super, including requiring independent verification of insurance arrangements to ensure they are in the best interests of members. The prudential regulator has released ...
Consultation opens for retirement income review
HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... assumptions transparent and thus constructively contribute to a robust debate and ultimately good public policy." Industry Super Australia chief executive Bernie Dean also welcomed the consultation paper, and said the review provided an opportunity to ...
AIST finds issues with FASEA code
ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... client's broader, long-term interests would significantly increase the cost of providing advice. Scheerlinck said in a super fund context, increasing the cost of advice would likely "act as a powerful disincentive" to a member seeking advice. "It also ...
Vale David Smith
ELIZABETH MCARTHUR  |  MONDAY, 25 NOV 2019
... and served as president of the AIST before stepping down in April 2018. Smith had over 25 years' experience in the super industry and had previously served on the board of Energy Super. HESTA chief executive Debby Blakey extended her condolences ...
AMP transfers 25% of accounts to ATO
ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... expressed his concern for the $800 million that has been transferred to AUSfund since the implementation of the Protecting Your Super laws, saying the funds are at risk of being further eroded by fees. However, Industry Super Australia deputy chief executive ...
QSuper, Sunsuper not committed to merger
HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... merger, or it could mean some other arrangement," Pennisi said. Wilson asked if an arrangement could amount to the two super funds pooling member savings to achieve scale benefits, and Pennisi replied it was one among a series of options available to ...
IFM to spend $25bn on Aussie infrastructure
KANIKA SOOD  |  FRIDAY, 22 NOV 2019
... infrastructure," IFM Investors chief executive Brett Himbury said. "The responsible stewardship of these assets by industry super funds and their partners protects and grows the retirement savings of members. These investments are an investment in the ...
Life risk insurance not profitable: KPMG
HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... year. KPMG's analysis does not yet take into account the impact of the government's now-implemented Protecting Your Super legislation, which it said was likely to put more "downward pressure" on sales in the coming years. KPMG partner and head ...
Mental health costs insurers $750m per year
ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... is paying out $750 million per year for primary cause of claim being mental health," Lydon said. "The other element for super funds is that if people are in good work they are typically functioning well and are therefore contributing to their super. ...
Complexity equals risk: IOOF chief
HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... complex organisational structure was responsible for additional risk. Asked by Labor MP Daniel Mulino whether IOOF's super business had a more complex structure than other superannuation funds, Mota agreed, and said the firm was moving towards a ...
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