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Showing 61 - 70 of 110 results for "Choice product"

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
An overwhelming majority of superannuation fund members working within the financial services industry have never sought financial advice from their fund. About three quarters (71%) of participants in Financial Standard's latest poll admitted intra-fund ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... with the Stronger Super reforms, she said. The Productivity Commission, she pointed out, recommended introducing choice product dashboards as soon as possible. "Waiting another four years to get disclosure right could mean another four years of dud returns ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
The prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
APRA has outlined its policy focus for the remainder of the year following the Royal Commission. Releasing its annual policy priorities document this week, the prudential regulator said it would build on the work it began last year, while taking into ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
ASIC has again delayed the transition period for certain fee and cost disclosure requirements under RG97. The superannuation industry has another year to comply with disclosing property operating costs in product disclosure statements to 30 September ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
APRA has finalised new measures aiming to strengthen superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
The Australian Institute of Superannuation Trustees believes carve-outs in superannuation reform designed to benefit the for-profit super sector are posing big problems for Australia's retirement system. Latest research from the AIST and UTS corporate ...

Government amends key super reforms

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
Amending the Protecting Your Super reforms, the Federal Government has made an exception to the opt-in life insurance changes to ensure coverage for Australians working in dangerous occupations. Addressing delegates at the 2018 ASFA Conference, Assistant ...

Specialist insurer updates definitions

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... has updated its definitions and expanded product benefits for members. PPS Mutual has enhanced its Professionals Choice product range. Across all existing and new policies, the 12-month terminal illness definition within life cover will change to 24 ...