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Showing 71 - 80 of 119 results for "Protecting Your Super"

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... and slammed the implementation delay. "The industry is already going through major changes to implementing Protecting Your Super, which is having a significant impact on Australians," Mu said. "The full extent of these changes is not yet well understood ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... the significant changes to default insurance and inactive accounts through the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 which took effect from 1 July 2019," WIS said. "There are already complications coming to light from the rushed ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... cover by age, around 50% vary cover by occupational risk level and around 30% by gender," it said. "With the Protecting Your Super package in place these proportions are expected to increase."

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... to make informed decisions on their insurance cover. Drawing on the recent experience of implementing the Protecting Your Super legislation, Land said the industry struggled to deal with the flood of inquiries received from members affected by the removal ...

Super fund launches new options

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... account new admin fees of $65 p.a. + 0.27%). The fund recently tweaked a number of its fees as part of the Protecting Your Super legislative changes.

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
Industry opinion about how effectively the Protecting Your Super reforms were communicated is mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only ...

PYSP queries inundate super funds

KARREN VERGARA, JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
... experiencing high call volumes relating to both the end of the financial year and the government's recent Protecting Your Super legislation changes which are leading to longer wait times, and we're also investigating claims of calls to us being ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...