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Showing 491 - 500 of 2022 results for "Legislation"

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
... Sunsuper, with a few changes to align the insurance with Sunsuper's offering and the Putting Members' Interests First legislation. For example, the IAG & NRMA plan adjusted insurance when age or salaries changed, but Sunsuper adjusts insurance twice ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... spend other peoples' money," she said. These disclosures will work in conjunction with APRA's Member Outcomes legislation that was introduced in 2017. Hume went on to highlight the benefits of the upcoming Your Future, Your Super reforms, which ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... breaches of the codes may be subject to a penalty of up to 300 penalty units, the bill shows. Commenting on the new legislation, director of Super Consumers Australia Xavier O'Halloran said the cost of being sold into a poor quality super fund can ...

BT reduces wholesale fees

ELIZA BAVIN  |  TUESDAY, 10 NOV 2020
BT has reduced the management fees of the BT Multi-manager Funds to keep up with new legislation taking effect in the New Year. Effective 1 November 2020, BT said changes to the adviser fee function in the BT Wholesale Multi-manager Funds have been ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... an estimated $7.1 million. The NT government flagged the bungle in December 2019 as a result of misinterpreting tax legislation and coding errors. The issues came to light after the Australian Taxation Office published advice relating to the application ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... $27.43 from $16.93 for a 90-day waiting period. Media Super attributes the rise in premiums to the recent changes in legislation, Protecting Your Super and Putting Members' Interests First, which has triggered an exodus members holding insurance within ...

Advice reforms to be legislated: Hume

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... greater professional discipline in the industry. "We are working through the detail and we intend to introduce the legislation by mid-2021," she said. Furthermore, Hume said the government's forward-looking compensation scheme of last resort, is ...

Bravura to make $41m acquisition

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... self-administered schemes, including a full range of client drawdown options available under the pensions freedoms legislation. Currently, Delta's technology supports over 30 UK clients. Delta chief executive Michael Power said: "Bravura is a leader ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... 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 disability (TPD) will ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... Australians or those with disabilities, with the exemption commencing as soon as 1 July 2021, subject to the passing of legislation. Lane said the removal of the tax disincentive for granny flats was great news. "It will encourage families to have a ...