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Showing 681 - 690 of 2048 results for "Legislation"

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill that riled AustralianSuper earlier in the week, the Association ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... performance benchmarking and data collection will be a priority, and should be aligned with other initiatives that require legislation (such as choice product dashboards)," it said. APRA will also consult with the government on the additional resources ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation Committee, AustralianSuper head of insurance product Richard Land said the bill's implementation deadline is ...

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and effective manner after finding that superannuation fund contact centres are being bombarded with ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
... cover by 10%. The new fee structure, which was reviewed with life insurance partner TAL, formed part of the new PYS legislation. However, the super fund said it made improvements simultaneously. TPD payments will no longer be made in instalments. If ...

PYSP queries inundate super funds

KARREN VERGARA, JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... call volumes relating to both the end of the financial year and the government's recent Protecting Your Super legislation changes which are leading to longer wait times, and we're also investigating claims of calls to us being disconnected." ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term insurance issue must provide details of how it intends to apply the law. ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... existing as a sub-plan of the Tidswell Master Superannuation Plan, Student Super, confirmed its readiness for the legislation to Financial Standard. Student Super chief executive Andrew Maloney revealed only three members of the fund are expected to ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... clear that funds should disclose all fees gross of tax to ensure transparency and comparability," he said. The PYS legislation has prompted other funds to increase fees and insurance premiums. GuildSuper, Childcare Super, AustralianSuper, REI Super and ...