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Showing 61 - 70 of 74 results for "Stapling"

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... 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. ...

Super fund reappoints insurer

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... 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 ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... 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 ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
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 ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... 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 ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... 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 ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... 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 ...

ISA lays out $416bn super saving plan

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... 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 ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... 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 ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... growth. May starts with IFM Investors on March 4. ISA chief executive Bernie Dean recently told Financial Standard that stapling members to one default account doesn't necessarily sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation ...