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Showing 551 - 560 of 568 results for "MySuper product"

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
The second tranche of Stronger Super is in need of more clarity, according to AIST in its submission on the Bill, with calls for clearer terminology and the legal boundaries of trustees. Submissions are being accepted from industry participants on the ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... for registrable superannuation entity (RSE) licensees, applying new duties to trustees of an RSE that offer a MySuper product and applying personal duties to the directors of corporate trustees in their own right. The bill deals with APRA's power to ...

MySuper Mythconceptions

ALEX DUNNIN  |  TUESDAY, 22 NOV 2011
... example, funds will be required to quarantine the member reporting for members who are invested only into their MySuper product but they will not be required to create separately constituted funds. As explained in section 3 of the MySuper Explanatory ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
... the regulator and certain rollover restrictions. Super trustees will also need to be APRA-authorised for every MySuper product. APRA will be able to accept applications for MySuper products from January 1 2013, although this does not include self-managed ...

Government publishes core elements of MySuper draft

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
... to superannuation guarantee requirements, the application and authorisation processes, the characteristics of a MySuper product and their associated fees and charging rules. More MySuper provisions will emerge in further tranches of legislation, according ...

MLC head calls for truce after laying blame at industry funds door

MATT WOODINGTON  |  THURSDAY, 22 SEP 2011
MLC & NAB Wealth group executive Steve Tucker has called for a truce between industry and retail super funds and said the time has come to "compete on substance rather than rhetoric." While largely supportive of the Government's Stronger Super reforms ...

Boost for corporate sector as Stronger Super details emerge

MATT WOODINGTON  |  WEDNESDAY, 21 SEP 2011
... super payments will be commission free. Funds will need to transfer the existing default balances of members to a MySuper product by July 1 2017. The Government said it would consult further on a mechanism to allow this period to be extended in certain ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... group life insurance in all super products, and on commissions on any life insurance policies in a default or MySuper product from July 1 2013. "These reforms will mean that MySuper will be commission-free," Shorten said, with only commissions on individual ...

Super funds urge MySuper rethink

MATT WOODINGTON  |  MONDAY, 14 MAR 2011
... between MySuper and other products'. It will stagger MySuper's implementation with not all funds required to have a MySuper product available by July 2013, as originally planned.

Government unveils response to Cooper

RUTH LIEW  |  THURSDAY, 16 DEC 2010
... Meanwhile, the Government will also stagger MySuper's implementation as not all funds will be required to have a MySuper product by July 2013, which was the original plan. Superannuation minister Bill Shorten unveiled the government's new Stronger Super ...