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Showing 61 - 70 of 119 results for "Protecting Your Super"

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... protection premiums have also risen, going up by 4.2%. First Super said the changes are the result of the Protecting Your Super legislation and claims experience. At the same time, the $3.1 billion fund has introduced a new rule on how many Transition ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... insurance income was down $39 million compared to 2018, due to the implementation of the government's Protecting Your Super suite of regulatory changes. Hartzer said the changes in Westpac's wealth arm - including exiting financial planning and ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
The Australian Securities and Investment Commission has 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. ...

Industry fund hikes insurance premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... from November 4 following a review by TAL, with the fund attributing the rise to increased claims and the Protecting Your Super reforms. A 45-year-old member with $220,000 in basic death and TPD cover will now pay 58% more for insurance, with their premiums ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... misconduct or turning a blind-eye to misbehaviour." This will involve monitoring the implementation of the Protecting Your Super reforms. Meanwhile, in its second update on its actions in response to the Royal Commission recommendations ASIC made it ...

Life insurance leaders fear for industry

ELIZABETH MCARTHUR  |  FRIDAY, 30 AUG 2019
... financial advice. "Advice will be provided to people who can afford it," Brooks said. She explained that the Protecting Your Super changes mean those same consumers who won't be able to afford advice in the new climate also won't have default ...

Super fund renews admin contract

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
... members and employers - and the industry - evolve." This comes after Link told shareholders that the new Protecting Your Super laws will impact its earnings this year.

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... information available." From 1 August 2019, EISS members had to pay more for death and TPD cover as part of the Protecting Your Super changes. Death and TPD cover, and death only cover rose by 7.7%. Salary continuance insurance and temporary salary continuance ...

Super fund GM resigns

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... providing great leadership and expertise." "Most recently, he led the fund's successful response to the Protecting Your Super package which led to tens of thousands of impacted members opting to retain their insurance." Salloum has more than 30 years' ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... of AMP Life. AMP Life earnings of $31 million were down 69% on 1H 2018 which the company puts down to the Protecting Your Super changes, capitalised losses and other one-off experience items. Profit was propped up by the success of AMP Capital, which ...