Search Results | Showing 51 - 60 of 65 results for "Stapling" |
| | | ... Institute of Superannuation Trustees says the new Your Future, Your Super laws should prioritise underperformance ahead of stapling as existing members stuck in dud funds will be worse off. In its submission to the draft legislation, AIST is urging the ... |
| | | | ... reforms, which was unveiled in the 2020-21 budget, has four main components that will introduce an underperformance test, stapling, a comparison tool, as well as accountability and transparency obligations that will put trustee spending under the microscope. ... |
| | | | ... with them. We look forward to continuing to deliver great outcomes for our members with TAL," she said. Walker said the stapling proposal in the Budget, whereby members stay in the first fund they join, highlights the importance of maintaining default ... |
| | | | ... recommendation that APRA take decisive action to oversee or direct a transfer of members to a better fund. And if the proposed stapling of accounts were to occur prior to the underperformance issue being addressed, AIST said, existing members will be ... |
| | | | Senator Jane Hume said the newly-proposed stapling initiatives will force superannuation funds to take better accountability and create a new level of engagement with members. The Assistant Minister for Superannuation, Financial Services and Financial ... |
| | | | ... with their advised-superannuation assets, are not impacted according to Credit Suisse. The government also recommended stapling members to accounts, to stop mushrooming of superannuation accounts. This will be a "net negative" for Link Group whose revenue ... |
| | | | ... Scheerlinck was a little more cautious in her response to the budget, with more superannuation reform. "We will need to see the stapling scheme in more detail, but we do have a number of concerns. There is the danger of people being mis-sold or stapled ... |
| | | | ... reforms to superannuation. Three other measures announced include: an ATO-run portal for selecting MySuper accounts, stapling accounts and members, and a greater obligation of transparency and accountability on members. ATO will develop a YourSuper portal ... |
| | | | ... super account, and the development of machinery to staple a person to a single default account. However, KPMG's report Stapling of superannuation accounts said Hayne's recommendation failed to offer much guidance in achieving the result. According to ... |
| | | | ... prioritising the recommendations that overlap from the Productivity Commission and Royal Commission, she said. This includes stapling members to one default account to eliminate duplicate accounts, and realigning the regulators' role by making ASIC ... |
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