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Showing 51 - 60 of 84 results for "Interests First"

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 ...

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
The Putting Members' Interests First superannuation reforms are almost through parliament. The House of Representatives moved to pass the Putting Members' Interests First bill on Monday, making insurance in super opt-in only for under-25s. The bill ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... superannuation reforms through Parliament, almost untouched. Releasing the report into its inquiry of the Putting Members Interests First Bill (PMIF), the committee made just two recommendations: to delay the implementation date until December 1, and ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... Committee's inquiry into the Government's proposal. Steadfastly refusing to support the Putting Members Interests First Bill (PMIF), WIS' submission claimed the proposed reforms would affect many women and their dependants, including those ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... 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 of Financial Advisers (AFA) and the Financial Planning ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... fund's position on the Government's recently 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 ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was put on hold in April, is now being set in motion with a proposed commencement date of 1 October 2019. ...

SEC adopts retail investor protection package

KARREN VERGARA  |  THURSDAY, 6 JUN 2019
... has adopted a package of fiduciary rules to protect retail investors from financial advisers who put their self-interests first. Under the new rules called Regulation Best Interest and Form CRS Relationship Summary, retail investors will be able to make ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from providing insurance on an opt-out basis to ...