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Showing 41 - 50 of 82 results for "Interests First"

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... 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 rates charged by its group insurer, TAL. ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... was due to a combination 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 ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... members their insurance premiums are increasing as a result of the Protecting Your Super and Putting Members' Interests First reforms. Improvements to its policy and the number of claims paid out are also factors, the fund said. From April 1, the cost ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... Protecting Your Superannuation legislation removing life insurance for low-balance super members and Putting Members' Interests First making life insurance opt-in for members under the age of 25 were also acknowledged as contributing to turbulent times ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... the needs of their combined memberships. MTAA said the fee changes were necessary because the Putting Members Interests First and Protecting Your Super reforms meant a significant decrease in the number of members covered by its group insurance policy. ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... it's that not all super funds are created equal. At the same time, the Protecting Your Super and Putting Members' Interests First legislation changes saw fees change at almost every super fund, usually in an upward trajectory. It also tested the capabilities ...

AFCA reveals approach to Code of Ethics compliance

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... disciplinary body is established. The code attempts to improve adviser conduct and ensure they place their clients' interests first and that they act in a way that is consistent with the values and standards expected of a member of a profession, Smith ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... custodians of Australians' retirement savings we all have a responsibility to improve the system and put members' interests first - and that means dealing with underperformance, wherever it is," Dean said. Earlier this month APRA deputy chair Helen Rowell ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... warned superannuation trustees to improve the standard of communication to fund members about Putting Members' Interests First (PMIF) reforms, hinting it may take action against funds if necessary. In a letter the regulator said the reforms provide ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... members under the age of 25 and those with low account balances, after the government's Putting Members' Interests First super reforms passed through the Senate yesterday. The Senate passed the government's reforms after Assistant Minister ...